LOUISVILLE, Ky. (WDRB) -- The bourbon boom continues in Kentucky. This week, Four Roses Distillery announced plans to pour $23 million into the local economy.
Kentucky Gov. Andy Beshear's Office also shared the announcement in a news release on Tuesday.
"Kentucky’s bourbon and spirits growth continues at an incredible rate, and we welcome this major investment from Four Roses in Bullitt County," Beshear said. "Bourbon is a signature industry in the commonwealth that is creating quality jobs across the state. I am thrilled to see Four Roses contribute to that success and look forward to seeing this project come together over the next couple of years."
Today, Gov. Andy Beshear announced the continued growth of Kentucky’s bourbon and spirits industry as @4RosesBourbon Distillery LLC will invest over $23 million to construct new warehouses in Coxs Creek. Read more: https://t.co/4hp07DhRYK pic.twitter.com/EWyA3ccvCC
— Governor Andy Beshear (@GovAndyBeshear) June 7, 2022
It's a move that officials said will aim to meet the growing demand nationwide for bourbon.
"We’re excited about the growth of Four Roses and to have the capacity to bring our Bourbon to more whiskey-lovers around the country, but we’re even more excited about the growth of Kentucky’s bourbon industry," Ryan Ashley, chief operating officer for Four Roses Bourbon, said in a news release.
"That is a good sign for the economy, definitely," said Bob Fouts, executive director of the Bullitt County Economic Development Authority. "It's the worldwide demand for bourbon that we are really seeing now."
The company plans to build several new warehouses in Coxs Creek.
"It will create a number of jobs and a number of other investments by other companies here in Bullitt County and surrounding counties," Fout said.
"When you think bourbon, you think Kentucky," said Jack Mazurak, with the Kentucky Distillers' Association.
Mazurak said the expansion is a win for all Kentucky bourbon companies.
"It's good for the industry as a whole because it signifies additional growth. We've been seeing growth for nearly two decades, significant growth," said Mazurak.
That growth includes expansions and additions by several Kentucky-based spirit companies, including Brown-Forman, Jim Beam, Heaven Hill and Four Roses.
"Those are what really make Kentucky an attractive place to come and visit, if you're from out of state and a bourbon enthusiast," said Mazurak.
Right now, the new warehouses are expected to be finished by 2024.
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