Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

New Riff Distilling Plans Silver Grove, Kentucky, Barrel Storage Warehouse

06/24/2022
New Riff Distilling started construction on a more than $10 million barrel storage warehouse in Silver Grove, Campbell County, Kentucky.

The new 55,000-square-foot facility will be located on 10 acres and will help meet growing customer demand at the flagship distillery in Newport. Operations are planned for spring 2023.

“We appreciate the support of state and local leadership for New Riff Distilling and the bourbon industry statewide,” said Ken Lewis, New Riff Distilling founder and CEO. “We are proud of the products we make and the people who make them and look forward to continuing to not just make great whiskey and gin, but to support our community through our success.”

The Kentucky Economic Development Finance Authority (KEDFA) in May approved New Riff for up to $50,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

“I am happy to see yet another distillery grow its presence in the commonwealth as New Riff Distilling continues to build its footprint in Northern Kentucky,” Governor Andy Beshear added. “This is a rapidly growing company that highlights the strength of Kentucky’s bourbon sector, and I look forward to seeing what they achieve next. Congratulations to the leaders at New Riff and to everyone in Campbell County and the surrounding region who is benefitting from the company’s success.”

The investment represents continued growth for New Riff, which in 2021 saw an expansion of its Newport distillery to accommodate three new fermenters and increase production to 12,000 barrels annually, representing a 50% increase in capacity.

“Kentucky bourbon is recognized all over the world, and Ken Lewis has built an internationally recognized company and award-winning collection of bourbon, rye and Kentucky Wild Gin,” added Northern Kentucky Tri-ED President and CEO Lee Crume.

Founded in 2014, independently owned New Riff released its first products to market in 2018 and has since grown to distribute to 16 states. The Campbell County distillery produces bourbon, rye and gin, with its bourbon and rye offerings available in single-barrel selections, in addition to a popular private-barrel selection program.

Share

Exclusive Research