Cabinet for Economic Development
Governor Beshear Announces Expansion of Wild Turkey Distillery in Lawrenceburg
FRANKFORT, Ky. (January 5, 2010) – Gov. Steve Beshear and Cabinet for Economic Development Secretary Larry Hayes today announced Kentucky-based Rare Breed Distilling will construct a new 20,000 space barrel storage warehouse at its Wild Turkey® distillery in Lawrenceburg. This new project will add to Wild Turkey’s storage capacity for its maturing whiskey products and will entail a nearly $2.3 million investment in the Commonwealth.
“Kentucky is pleased to partner with Rare Breed Distilling on its latest expansion at the Wild Turkey distillery in Lawrenceburg,” said Gov. Beshear. “The nearly $2.3 million investment will help to further enhance one of Kentucky’s signature industries and provide a positive economic impact in the community.”
In 2007, Wild Turkey, a manufacturer of several Kentucky Straight Bourbon Whiskey products, as well as other premium quality distilled spirits offerings, announced plans to build a new and larger distillery on its site in Anderson County to keep pace with projected increases in the global demand for the plant’s products. The new distillery is currently under construction and scheduled to begin operation in late 2010.
For the new warehouse project, Rare Breed Distilling LLC has recently been approved by the Kentucky Economic Development Finance Authority for tax incentives up to $40,000 under the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction and building costs.
“Wild Turkey is proud of its rich Kentucky heritage and appreciates and values the support that is being shown here by the leaders of the Commonwealth, Anderson County and the city of Lawrenceburg,” said Vice President of Distilling Operations Tom Krekeler.
“The Wild Turkey Brand has been a vital economic partner of our city for many decades,” said Lawrenceburg Mayor Edwinna C. Baker. “An investment in the growth and sustainment of the operations here in Anderson County is an investment in the future economic stability of our community and our region.”
“We are grateful for Rare Breed’s commitment of nearly $2.3 million to enhance the distilling operations in Anderson County,” added Charles Cammack, chairman of the Lawrenceburg-Anderson County Economic Development Authority.
“Wild Turkey Distilling is an outstanding corporate citizen in Anderson County,” said Anderson County Judge Executive Steve L. Cornish. “We are appreciative of this investment and look forward to having Wild Turkey in our community for many more years.”
A community profile for Lawrenceburg can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=090.