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New $196M distillery coming to Marion Co. From Crystal Staley/Brandon Mattingly Frankfort, KY - On Dec. 8, 2022, Gov. Andy Beshear announced new job creation within Kentucky's bourbon industry as Pernod Ricard USA LLC, which produces leading brands such as Jefferson's, Jameson Irish Whiskey, Absolut Vodka, Glenlivet and Chivas Brothers, will establish a new distillery in Marion County, creating 55 full-time jobs with a $196 million investment. The project has potential to grow to a $250 million investment across 10 years. "The commonwealth's bourbon industry continues to gain momentum and grow to new heights," said Gov. Beshear. "This investment by Pernod Ricard is a welcome addition to the Lebanon and Marion County community and will reinforce our bourbon industry and set us apart in our continued sustainability efforts. I want to thank the leaders of Pernod Ricard for their vision to grow in Kentucky, and I look forward to seeing their success in the coming years." Leaders at Pernod Ricard will construct a new 75,000-square-foot facility on a 265-acre site in Lebanon. The site will include a distillery, drying operation, three warehouses and a world-class visitor center. Work on the facility is expected to begin in January 2023 and be completed by July 2024. The Marion County facility will be fully carbon neutral and will have zero fossil fuel consumption to produce bourbon. Pernod Ricard is only the second distillery in Kentucky and North America to make this claim. Pernod Ricard will be a 7.5 million proof-gallon distillery, producing 115,000 barrels annually. The company's purpose for the project is threefold: to build the most sustainable distillery in North America, which supports Pernod Ricard's fundamental focus on sustainability, support their rapidly growing Jefferson's brand, and support their existing American whiskey operations in West Virginia, Texas and Kentucky. Ann Mukherjee, chairman and CEO of Pernod Ricard North America, commented on the brand's potential. "American whiskey is booming, and Jefferson's growth has been phenomenal," said Mukherjee. "We're very bullish on the brand's potential, and we're committed to making our new Jefferson's facility one of the most exemplary and sustainable distilleries in the world in order to achieve it." Pernod Ricard was founded in 1975 from the merger of two French anise-based spirits companies: Pernod, created in 1805, and Ricard, created in 1932. Pernod Ricard holds one of the most comprehensive portfolios within the industry, with 240 premium brands available in over 160 countries, including Jameson Irish Whiskey, Absolut Vodka, Glenlivet and Chivas Brothers. A global leader in wine and spirits, with 18,500 employees worldwide, Pernod Ricard will be building one of the largest LEED-certified distilleries globally and the first to locate in the commonwealth. To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in December preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.6 million in tax incentives based on the company's investment of at least $181 million and annual targets of:
In addition, Pernod Ricard can receive resources from Kentucky's workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives. This story was posted on 2022-12-09 08:00:23
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7-County Area Courts for Fri 9 Dec 2022 KSP: Wreath program honors fallen officers Christmas in Knifley is Dec 10 The Adair Co. Fair Annual Christmas Drive Farm Bureau South phones down temporarily Adopt-A-Grandparent at Summit Manor Ribbon Cutting for Patriot Realty Caregivers lunch open to all Wednesday, Dec 14 7-County Area Courts for Thu 8 Dec 2022 JBC Playground not ready for children yet View even more articles in topic News |
 
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