Kentucky's Bourbon Industry Created A Multi-Billion Dollar Economic Impact

Kentucky's bourbon industry made an impressive $9 billion economic contribution last year. The news was released via a report from the Kentucky Distillers' Association led by Dr. Paul Coomes .

Governor Andy Beshear attributed the state's flourishing economy to the bourbon sector , recognizing its role in creating over 23,100 jobs. Not to mention, the industry included a payroll exceeding $1.63 billion and contributed $357 million in taxes.

Eric Gregory , President of the Kentucky Distillers' Association, emphasized the positive impact of modernized alcohol laws and the dedicated industry workforce, resulting in a substantial $5.4 billion in capital investment.

The Bourbon Economic Impact Report, drawing insights from 100 distilleries across 42 counties, underscored the industry's global influence, with bourbon exports surpassing $500 million in 2022.

Beyond economic figures, the report highlighted the bourbon industry's role in boosting tourism, particularly benefiting regions like Louisville.

Agriculture, with a focus on corn production representing 70% of distillery purchases, played a pivotal part.

In 2022, a record-breaking 2.7 million barrels were produced, marking the fifth consecutive year of surpassing two million barrels.

Jonathan Shell , Kentucky's Agriculture Commissioner, underscored the industry's positive influence on local economies, job creation and economic development, especially in areas facing challenges in these domains.