Governor
Steve Beshear's Communications Office
Governor
Beshear Announces Michter's Distillery to Open Production Distillery
in Downtown Louisville
Company to locate in historic Fort Nelson Building, invest nearly
$7.8 million
LOUISVILLE, Ky. Governor Steve Beshear today joined community
leaders and officials from Michters Distillery LLC, to announce
the company will open a small production distillery in downtown Louisville.
The company plans to invest nearly $7.8 million, which will entail
the renovation of the historically and architecturally significant
Fort Nelson Building located across the street from the Louisville
Slugger Museum and Factory. The project will result in 10 new jobs
in the community.
We are thrilled to welcome Michters to downtown Louisville,
said Gov. Beshear. Not only will this project create new jobs
and preserve one of the most historically significant structures in
Louisville, it will also add a new chapter to Kentuckys proud
Bourbon making heritage.
Michters production includes very small batch bourbons, single
barrel bourbon, single barrel ryes and small batch blended American
whiskey. The history surrounding Michters harkens back to Americas
first distilling company, established in the 1700s by John Shenk.
In 1753, Shenk built a small distillery to convert excess grain to
whiskey. In time, this small distillery would come to produce what
would eventually be known as Michters whiskey. The Louisville
Michters Distillery will be open to the public and will offer
educational tours and tastings.
Kentucky is a great state and Louisville is a terrific city,
said Michters Distillery President Joseph J. Magliocco. We
have considered other locations for this distillery, but weve
been extremely impressed by Gov. Beshear, Mayor Greg Fischer and both
of their administrations, as well as the entire team at Greater Louisville
Inc. They are all dedicated to the preservation and the restoration
of their historic building stock while at the same time being focused
on bringing more economic activity and jobs to Louisville and Kentucky.
This could be a great opportunity for both Michters and Louisville.
The Kentucky Economic Development Finance Authority or KEDFA preliminarily
approved Michters Distillery for tax incentives up to $200,000
through the Kentucky Business Investment program. The performance-based
incentive allows the 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 Michters for tax benefits up to $180,000
through the Kentucky Enterprise Investment 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 equipment.
Mitchers new distillery not only creates jobs for Louisville,
it brings a significant bourbon presence to downtown while also saving
a historic treasure in the Fort Nelson building, said Louisville
Mayor Greg Fischer.
Todays announcement combines the regional strengths of
bourbon, historic buildings and a thriving downtown corridor,
said Joe Reagan, president and CEO of Greater Louisville Inc. This
is an exciting development both for the jobs it will create and the
interest it will generate.
For more information on Michter's Distillery, visit www.michters.com.
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 at www.Facebook.com/ThinkKentucky
or follow on Twitter at www.Twitter.com/ThinkKentucky.
A detailed community profile for Louisville (Jefferson County) can
be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=091.
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Quelle: http://migration.kentucky.gov/newsroom/governor/20110706michters.htm
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