Brown-Forman Corporation Begins Construction On $30 Million Distillery In Louisville, Kentucky
Brown-Forman will open a distillery and bourbon experience for its founding brand, Old Forester, in two historic buildings at 117 and 119 Main St. in Louisville. The combined buildings have approximately 55,000 square feet with 52 linear feet facing Main Street.
The investment will include renovating the buildings and purchasing equipment. The new distillery will be able to distill 100,000 cases of bourbon annually with additional production capabilities at the Brown-Forman distillery located at 2921 Dixie Highway in Louisville.
In addition to production, the distillery also will serve as a home place for the Old Forester brand. The facility will be open to tours and feature a tasting room, exhibits, bourbon-making demonstrations and event spaces.
“From barrel making to bottling, this facility will showcase the process and pride that goes into making every bottle of Old Forester bourbon” said Campbell Brown, fifth generation Brown descendant and President of Old Forester. “Bringing our founding brand back to the site where it first began, is cause for celebration at Brown-Forman for both our employees and my family but it's also a dedicated investment into this region that we hope will drive great tourism interest to the community.”
To encourage the investment and job growth in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $900,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved Brown-Forman for tax benefits up to $410,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
In addition, Brown-Forman is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies.
“The Kentucky Bourbon industry has nearly doubled its workforce, tripled its number of distilleries, and set new modern records for exports and barrel inventories,” said Governor Steve Beshear. “Bourbon is truly one of Kentucky’s signature industries, and Old Forester is one of our many major brands. I want to congratulate Brown-Forman as an outstanding corporate partner and for investing in the Louisville economy and bringing back the heritage of Whiskey Row. This is a win-win for the Commonwealth.”
In addition to Old Forester, Brown-Forman Corporation produces numerous quality brands, including Jack Daniel’s, Southern Comfort, Finlandia, Herradura, Early Times and Woodford Reserve. Kentucky produces 95 percent of the world’s bourbon, and the more than 5.6 million barrels of aging bourbon here outnumber the state’s population of 4.4 million.
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
The 2021 Top States for Doing Business Reflect Their Locational Advantages
In Focus: Demand for Industrial Land Surges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Five Ways for Manufacturers to Manage Global Market Volatility
The Evolution of the Megasite
Putting Your Best Foot Forward: Presentation of Incentives Information to the Media