AATW Establishes Anderson County, Kentucky, Operations
The new bourbon rickhouses, located on a 52-acre property, will provide the company with increased storage and transportation capabilities as well as the opportunity to offer third-party storage to support businesses in the industry.
“AATW is excited to be launching Extended Stave Warehousing in Lawrenceburg, Kentucky,” said Lev Orlov, partner of AATW. “The newly developed bourbon barrel warehousing facility will be available to third-party clients who need a safe, secure, accessible and state-of-the-art facility for their bourbon aging needs. We plan on aging our own bourbon alongside clients’ bourbon within the warehouses. The site will ultimately be home to nine warehouses, which can each hold 16,500 barrels creating a total capacity of 148,500 barrels. In addition to the warehouses, the site is home to an event space which will be rebranded this winter and be made available for various events ranging from weddings to barrel releases. We are excited to serve the bourbon community’s third-party warehousing needs and become a part of an industry with such deep roots in Kentucky.”
The Kentucky Economic Development Finance Authority (KEDFA) approved AATW for up to $150,000 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. By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
“The momentum we are seeing in Kentucky’s signature bourbon and spirits industry shows no sign of slowing down,” noted Governor Andy Beshear. “This investment by AATW is going to continue strengthening our bourbon production and bring quality jobs to Anderson County. Every time a company commits to planting roots here in the commonwealth, it’s a testament to our thriving economy and extensive workforce. I want to thank the leaders of AATW for believing in us and look forward to seeing their success here in Kentucky.”
In addition, AATW can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
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