Connect with us

Kentucky

Bourbon industry brings significant economic impact to Kentucky

Published

on

Bourbon industry brings significant economic impact to Kentucky


Kentucky’s bourbon industry is rich in tradition but also means a bright future in the commonwealth.

As a signature industry in the state, Kentucky’s bourbon and spirits sector is responsible for over 23,000 jobs, with an annual payroll topping $2.16 billion. The key sector also generates $9 billion in economic impact, providing a significant boost to the state’s soaring economy.

Since the beginning of Gov. Andy Beshear’s administration, Kentucky’s bourbon and spirits industry has announced 102 new location and expansion projects, totaling $4.2 billion in investment and creating over 1,800 jobs.

Advertisement

At no point was this impact felt more than in 2022, when Kentucky recorded its single best year for growth of its signature industry, with private-sector new-location and expansion projects totaling over $2.1 billion in investments and approximately 700 new jobs for Kentucky residents.

This record-setting year was highlighted by Louisville-based Sazerac Co., which in November 2022 announced the largest distilled spirits-related investment on record in Kentucky history with a $600 million investment in London. The project is creating up to 50 full-time jobs and supporting the company’s continued growth.

In July of that year, Beam Suntory announced the expansion of its Jim Beam Brands Co. with a $400 million investment that will create more than 50 full-time jobs at the Booker Noe Distillery in Boston.

“The growth of Kentucky’s bourbon industry is one of the most important factors in our state’s recent economic success,” said Gov. Beshear. “We’ve made tremendous strides in not only growing the number of distilleries in the commonwealth but increasing the supporting infrastructure of the industry, adding rickhouses, storage warehouses, bottling centers and manufacturing facilities all over the state. Combined with the emphasis on tourism, our bourbon and spirits sector is creating job opportunities and driving economic momentum in every corner of Kentucky.”

Advertisement

That success has continued, highlighted by major announcements from both Legacy Spirits of Kentucky, LLC and Staghorn. Legacy Spirits announced a more than $250 million investment in a new bourbon distillery and restaurant in Madison County, creating 80 new Kentucky jobs. Meanwhile, Staghorn announced a new distillery in Garrard County, another $250 million project creating 60 quality jobs.

Those are just a few of the recent significant announcements helping move the industry forward in Kentucky.

Kentucky’s continued bourbon boom has played a critical role in the state’s record-surging economy and shows no signs of slowing down. As of the end of 2023, there are 100 licensed distilleries operated by 84 companies in 42 Kentucky counties, five times the number of distilleries since 2009, with a 135% growth in employment and a 160% growth in wages.

This growth has played a significant role in job creation as well. Since 2001, distillery employment has risen 130%, while the rest of Kentucky’s manufacturers have shed 20.5% of their employees. The average annual salary and wages per Kentucky distillery team member is $94,000 compared to the national average of $69,000 – thanks in large part to the number of headquarters and executive positions in Kentucky.

Advertisement

Distillers across the state are setting new marks for production. Distillers produced a record 2.7 million barrels of Bourbon in 2022, the fifth year in a row topping the 2-million-barrel production mark. Production has skyrocketed nearly 500% since the turn of the century – with around 455,000 barrels produced in 1999 – and 240% since 2009. Kentucky boasted more than 12.6 million barrels of Bourbon aging in warehouses across the state as of January 2023, the first time inventory reached the 12 million milestone.

If the industry continues at its current growth rate, by 2025, distilling is anticipated to support 28,000 jobs with a payroll of $3 billion, reaching the $10 billion economic impact mark, and provide more than $436 million in local and state tax revenue from production and consumption.

The continued growth and expansion of distilleries, barrel storage warehouses and bottling and distribution centers continues to play a major role in the commonwealth’s continued economic success. 

The momentum of one of the commonwealth’s signature industries is fueling growth in communities across the state, from startups to distilleries rich in history. There’s no question that bourbon is booming in Kentucky.

Members of the editorial and news staff of USA TODAY Network were not involved in the creation of this content.

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Kentucky

Nighttime tornados in Kentucky have been deadly

Published

on

Nighttime tornados in Kentucky have been deadly


Bill Burton: It’s time for us to take a look at the Science Behind the Forecast as I am joined by WAVE 3 meteorologist Tawana Andrew. Good morning, Tawana.

Tawana Andrew: Good morning. And today’s topic is really focused in on preparing for tornadoes, especially as we get closer to the core of the severe weather season.

BB: The tornado season is right around the corner, and unfortunately, the U.S. leads the world in tornadoes. It’s not a category you want to lead in, but we do. What do we need to know about them?

TA: Well, in terms of how many tornadoes we see in the U.S. on average, we see around 1,200 twisters per year. That’s our average.

Advertisement

The next country in that list is Canada, and they see on average around 60 tornadoes a year. So it is a big difference, and our geography plays a big role in why we see so many tornadoes, because you have the cold dry Canadian air meeting up with the Gulf’s warm, humid air right over what we call Tornado Alley, and that interaction creates atmospheric instability and creates the perfect conditions for us to see severe thunderstorms and tornadoes. So for tornadoes to form, you need a couple of things. You need warm, moist air near the ground, cool, drier air, about 10,000 to 30,000 ft in altitude, and you also need wind shear, which is the change in wind speed and direction with altitude. And the topography and geography of the United States helps with all of those things. There was a study that came out in 2024 that highlighted the impact of terrain. Hundreds of miles upwind of tornado formation downstream and it noted that the fact that we have that smooth flat expanse all the way from the Gulf straight on through to the plains helps to contribute to tornado potential because there’s nothing stopping the wind and really helping the wind to slow down in any of that space since it’s so flat.

BB: That makes sense.

TA: Plus you have, of course, the moisture coming off of the Gulf and in the Great Plains in the Mississippi River Valley, you also have a lot of the crops and vegetation that also puts off moisture and that helps to fuel a lot of the severe thunderstorms and tornadic storms that we see. Something else that contributes to the amount of tornado fatalities that we see in the U.S., the couple of things, of course, the topography, which we just touched on, and the time of day. That plays a big role as well.

A tornado, of course, can form at any time of the day, but specifically, we see them more often between 4 p.m. and 9 p.m., which if you think about it, is also the warmest part of the day. So you have all that fuel at that point as well. Some numbers that I was looking into when I was diving into the data, I found that, of course, a lot of us know that Texas and Kansas have the highest number of tornadoes in the country. Around 135 tornadoes are seen yearly in Texas, but Alabama actually has the highest annual tornado fatalities, averaging around 14 per year. In the past decade, however, Kentucky has seen the highest number of tornado fatalities in the country, with 75 deaths in between 2014 and 2023. 57 of those 75 were just from that long track tornado that hit Mayfield and that that was a nighttime tornado.

BB: Yeah, we will all remember December 2021.

Advertisement

TA: Which is why you’ll always hear me say have multiple ways to get alerts. Don’t just rely on your phone, have the TV, a weather radio, whatever you need to make sure that you can get alerts day and night as we get further into the severe weather season.

BB: Yeah, when you’re sleeping, it’s, it just becomes so much more dangerous. You can’t be prepared at that point, of course, but now we have a better understanding of why the US gets as many tornadoes as it does, and we have a better understanding of it thanks to this edition of Science Behind the Forecast with WAVE 3 meteorologist Tawana Andrew. Thanks for the knowledge, Tawana.

TA: Of course.

This transcript was edited for clarity.

Advertisement





Source link

Continue Reading

Kentucky

Kentucky stops the bleeding, but Tennessee is in control at halftime

Published

on

Kentucky stops the bleeding, but Tennessee is in control at halftime


Not much could have gone worse for Kentucky, Tennessee in total control for essentially the entire half before taking a mini 8-4 run into the break — down just 15 rather than the 19 the Volunteers led by with 3:04 to go. Take the little wins where you can get them, right?

The Wildcats were totally out of sorts the majority of the way, though, shooting just 38.5 percent from the field compared to 50.0 percent for the Vols with the latter taking six more attempts while also winning the rebounding battle 22-13. Maybe the biggest difference? 13 second-chance points on nine offensive rebounds for UT with 14 bench points compared to just three for UK.

Amari Williams has been Kentucky’s only consistent offense, scoring nine points on 4-5 shooting, followed by Otega Oweh with seven, Lamont Butler with five, Koby Brea and Collin Chandler with three apiece and Andrew Carr with one. For Tennessee, it’s the Zakai Zeigler show, leading the way with 13 points and four assists, followed by Jordan Gainey with seven, Chaz Lanier and Felix Okpara with six apiece and Darlinstone Dubar with five.

The Cats are going to have to get some shots to fall and will have to start pulling down some boards or they will be going home in 20 minutes of game time.

Advertisement

As things stand now, it looks like a five-game losing streak in Indianapolis is very much on the table for this program. That doesn’t feel very good — especially against this team.

There are two halves for a reason, though. Can they pull off an all-time comeback?



Source link

Continue Reading

Kentucky

Wayne County man arrested in Kentucky for alleged role in $1.2M Corvette theft

Published

on

Wayne County man arrested in Kentucky for alleged role in .2M Corvette theft


BOWLING GREEN, Ky. – A man from Westland has been arrested for his alleged role in the theft of $1.2 million worth of Corvettes in Kentucky.

They were stolen from the GM Bowling Green Assembly on Saturday, March 22.

The investigation began when a woman saw a brand-new red Corvette pull into her apartment complex’s parking lot and called 911. She said a man she did not recognize got out of the vehicle and headed toward the apartment building.

The manager of the assembly plant came to the apartment and confirmed that the Corvette was taken from their plant. She called the assembly plant and had her team go through the inventory, which revealed that eight Corvettes had been stolen.

Advertisement

While this was happening, Warren County Sheriff’s deputies found another brand-new Corvette in the apartment complex parking lot. Law enforcement searched the parking lot and the lot of the apartment complex across the street, where they found another brand-new Corvette.

Shortly after, two more Corvettes were found down the street.

It was at that point, there was another 911 call. It came from a transport driver who had two men scheduled for him to transport a 2017 Corvette to Michigan, but when he arrived to pick the vehicle up, there were now three 2025 Corvettes instead.

The transport driver said the men tried to rush him and he decided to call police because the transaction seemed “weird.”

One of the men — identified as Westland resident Deantae Walker — was taken into custody by a police officer after a foot chase through the parking lot. The other man left in a Jeep with Ohio tags. No other suspects have been arrested.

Advertisement

Authorities said Walker refused to speak to police after being read his Miranda rights, but while he was being lodged at the jail, he reportedly said, “If I would have made it back to Michigan, I would have been paid big.”

The estimated amount for all the stolen and recovered Corvettes was $1.2 million.

Police believe nine people were involved in the large-scale theft and that the Corvettes were stolen at the same time, driven out of a hole cut into the assembly plant’s fence.

Walked has been charged with evading police, resisting arrest, receiving stolen property and criminal mischief.

Copyright 2025 by WDIV ClickOnDetroit – All rights reserved.

Advertisement



Source link

Continue Reading

Trending