Cabinet for Economic Development
Governor Beshear Participates in Groundbreaking for Jim Beam Expansion in Frankfort
Approximately 120 new jobs to be created at Frankfort Beam Global operation
FRANKFORT, Ky. (May 19, 2010) – Gov. Steve Beshear today joined officials from Beam Global Spirits & Wine Inc., to formally commence the expansion of the company’s Frankfort plant. When completed in the fall of 2011, the more than $28 million expansion will double the facility’s production size and capacity and bring 120 new jobs to the area.
“Beam Global is one of our signature companies in Kentucky that has shown its commitment to our state time and time again,” said Gov. Beshear. “The expansion of the Beam Global plant in Frankfort will provide a lasting, positive economic impact in the community. Seeing such growth in our Commonwealth is very rewarding.”
Construction of the expansion is scheduled to begin immediately. When completed, a total of 365 employees are expected to be employed at the facility and nearly 3 million additional cases will be produced. Products bottled at the Frankfort facility are shipped throughout the United States and 43 countries globally.
Under the expansion plans, the Frankfort plant will produce 160 products at this plant and have an annual capacity of 10 million cases, representing an increase from 24 percent to 32 percent of Beam Global’s total worldwide case volume. The project, which includes the addition of four new bottling lines and approximately 65 new tanks, will assume production and bottling of DeKuyper® cordials from Beam Global’s existing facility in Cincinnati. Additional brands bottled at the facility include Sauza®, the world’s number two-selling Tequila, and Canadian Club®, one of the world’s leading Canadian whiskies.
“Our roots in Kentucky run deep starting with the founding of Jim Beam, dating back more than two centuries,” said Matthew J. Shattock, president and CEO of Beam Global. “As our business and brands have grown over the years, so too has our commitment here in our home state. We thank Gov. Beshear, the Cabinet for Economic Development and the Kentucky Economic Development Finance Authority for their valued support of our expansion in Frankfort.”
The Kentucky Economic Development Finance Authority preliminarily approved Jim Beam Brands Co. for up to $6.3 million under Kentucky’s new incentive program, the Kentucky Business Investment (KBI) Program. The KBI incentive can be earned over a 10-year period through corporate income tax credits and wage assessments.
"On behalf of the Franklin County Fiscal Court, I would like to thank Jim Beam for being a valued part of Franklin County’s industrial base,” said Franklin County Judge Executive Ted Collins. “They are adding to the economic growth of our community by expanding their facility and creating 120 new jobs. We are proud to have Jim Beam as part of our community."
“With a $28 million plant expansion and the creation of 120 new jobs, Jim Beam has again demonstrated their long-term commitment to our community,” said Frankfort Mayor Gibby Graham. “Jim Beam’s contribution to our economic well being is very significant and greatly appreciated. The city of Frankfort is pleased to have partnered with Jim Beam in their sewer infrastructure improvement, which contributed to their expansion effort.”
A detailed community profile for Frankfort (Franklin County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=085. Information on Kentucky’s economic development efforts is available at www.ThinkKentucky.com.