Friday, 05 30, 2014
Joe Hall 502-564-4886
plans to purchase nearly 300 acres, invest $115 million
Ky. (May 29, 2014) –
Governor Steve Beshear today announced that Diageo (Dee-AH-Gee-O)
plans to build a 1.8 million proof gallon distillery in Shelby County. The $115
million investment will create approximately 30 new jobs.
“This is an exciting day for one of Kentucky’s signature
industries,” said Gov. Beshear. “The world’s taste for bourbon continues to
grow, and Diageo’s new distillery in Shelby County will help satisfy that
demand. I look forward to this significant investment and seeing more
Kentucky-made product in stores and homes across the globe.”
Diageo plans to build the distillery and six warehouses on
Benson Pike in Shelby County. The proposed facility will distill a number of
current and future Diageo bourbon and North American whiskey brands. Diageo
hopes to receive the necessary approvals in the near future and would like to
break ground later this summer with the goal of having the distillery online
between July and December 2016.
“This proposed investment in Shelby County, in the heart of
Kentucky bourbon country, will cement our commitment to growing our share of
the American whiskey category,” said Larry Schwartz, president of Diageo North
America. “Diageo has a long tradition within the craft of whiskey-making, and
we look forward to bringing this artisanship to the new distillery. The
distillery will build on our presence in Kentucky, and we are committed to
being a productive member of the local community. We are very thankful for the
support we have received thus far from state and local officials and look
forward to a long and fruitful working relationship.”
This is the latest in a series of Diageo investments in
Kentucky. Earlier this year, the company announced plans to invest $2 million
to develop the Stitzel-Weller visitor center in Louisville. Diageo will
renovate the original administrative building to bring to life the history of
the Stitzel-Weller Distillery through artifacts from the site’s archives.
To encourage the investment and job
growth in Shelby County, the Kentucky Economic Development Finance Authority
(KEDFA) preliminarily approved the company for tax incentives of up to $2.5
million 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 the company for tax benefits up to $1.5
million 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
“I’m very excited to hear that Diageo has chosen Shelby
County as its Kentucky home, expanding the growing bourbon industry into our
community,” said Sen. Paul Hornback, of Shelbyville. “This project will have a
tremendous impact on our county in investment, jobs and tourism. I look forward
to watching this project come to fruition, and I appreciate the confidence
Diageo is showing by locating here.”
“Kentucky’s bourbon industry is known worldwide and, as
we’ve seen recently with the expansion of the industry and tourism developments
like the Kentucky Bourbon Trail, it is becoming an important economic and
marketing tool for the Commonwealth,” said Rep. Brad Montell, of Shelbyville.
“I’m pleased that Diageo is joining the other outstanding companies that
manufacture bourbon in Kentucky to create jobs and economic growth.”
“This is a significant investment in Shelby County – one
that will provide a great boost to our local economy,” said Shelby County
Judge-Executive Rob Rothenburger. “I cannot wait to see this facility and what
it will mean for our community once it’s operational. I’d like to thank
Diageo, Gov. Beshear and his economic development team for their work in
helping to make all of this possible.”
the world’s leading premium drinks business with an outstanding collection of
beverage alcohol brands across spirits, beer and wine. These brands include
Johnnie Walker, Crown Royal, Bulleit, George Dickel, Buchanan’s and Bushmills whiskies, Smirnoff, Cîroc and
Ketel One vodkas, Baileys, Captain Morgan, Tanqueray, Guinness, Beaulieu
Vineyard and Sterling Vineyards Wines.
a global company with its products sold in more than 180 countries around the
world. The company is listed on both the New York Stock Exchange (DEO) and the
London Stock Exchange (DGE). For more information about Diageo, its people,
brands and performance, visit Diageo.com. For a global resource that promotes responsible drinking
through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com.
Bourbon distilling contributes
nearly $2 billion in gross state product each year and has more than doubled
its importance to the state’s overall economic activity in the past 13 years. Kentucky exported $383 million of its distilled
spirits in 2013, a full 21 percent of the U.S. total.
Shelby County has also been
certified by the Kentucky Workforce Investment Board as a Work Ready Certified Community.
The certification is an assurance to business and industry that the community
is committed to providing the highly skilled workforce required in today’s
competitive global economy.
detailed community profile for Shelby County can be viewed here.
Information on Kentucky’s economic
development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
also join the discussion on Facebook
or follow on Twitter. Watch
the Cabinet’s “This is My Kentucky” video on YouTube.