Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /nas/content/live/fredminnick/wp-includes/functions.php on line 6121
Bourbon: $8.5 Billion 'Economic Output,' KDA says - Fred Minnick

Bourbon: $8.5 Billion ‘Economic Output,’ KDA says

Bourbon

February 7, 2017

It’s a good time to be in the bourbon business, especially in Kentucky.

The spirit earned $8.5 billion in economic output last year and created 17,500 jobs for the Bluegrass State, according to a joint economic study between the Kentucky Distillers’ Association and University of Louisville’s Urban Studies Institute.

Over the past two years, Kentucky distiller-related economic output increased $1-billion and added 2,000 jobs, the study found. (Economic output is the total value of all goods and services produced within Kentucky distilleries.)

Distiller employees earn a payroll of some $800 million, while the businesses provide $825 million in tax revenue, the study said.

Meanwhile, distillery businesses are investing more than $1.2 billion in renovations and new facilities.

As did his predecessor in past economic study announcements, Gov. Matt Bevin unveiled the findings at a press conference in Frankfort.

“The powerful growth of Kentucky’s Bourbon industry is a testament to our proud history of innovation, engineering and manufacturing,” Bevin said in a press release. “It is a genuine, home grown, only-in-Kentucky success story.”

 

Fred Minnick is the author of Bourbon: The Rise, Fall & Rebirth of An American Whiskey

SIGN UP TO FRED'S NEWSLETTER

FOR UPDATES, EXCLUSIVE CONTENT AND MORE!