Angelâ€™s Envy Distillery Breaks Ground In Louisville, KY
Posted by Heidi Schwartz
Kentucky Gov. Steve Beshear Â joined local and company officials to break ground on Angelâ€™s Share Brandsâ€™ new distillery on East Main Street in Louisville, which will produce Angelâ€™s Envy bourbon and related products. The company, together with subsidiaries Louisville Distilling Company LLC and Papillon Property Group LLC, plans to create 40 new jobs and invest $12 million in the project.
The distilleryâ€™s site, a 19th century building known as the old Vermont American Complex, was preserved for redevelopment after a portion of the property was razed to make way for the new downtown Ohio River Bridge and I-65. The Kentucky Transportation Cabinet, local development officials and historic preservation officials worked together to make sure the site remained a viable location for innovative economic development.
â€śThis is an exciting addition to Kentuckyâ€™s vibrant bourbon industry,â€ť said Gov. Beshear. â€śAs bourbon continues to gain in popularity across the world, we will continue to work hard to foster new opportunities for jobs and investment. We take a lot of pride in this signature product, and the industryâ€™s global success shows the type of dedication and craftsmanship that makes Kentucky stand out.â€ť
The new distillery for Angelâ€™s Envy will include a column still for expanded production, a bottling line, grain handling equipment and barrel storage areas. The distillery also will be designed to make a unique and attractive experience for public tours.
â€śWe are thrilled to have such an amazing location for our new distillery,â€ť said Marc Bushala, president and CEO of Angelâ€™s Share Brands LLC, the parent company of Louisville Distilling Co. LLC.Â â€śWe have spent the past two years evaluating potential sites in downtown Louisville, looking for the perfect property.Â The city has been great to work with and very supportive in our efforts to find the ideal location.â€ť
â€śLed by Gov. Beshear and Mayor Fischer, the Commonwealth and Louisville Metro Government have shown amazing support for Kentuckyâ€™s native spirit,â€ť added Wes Henderson, COO for Angelâ€™s Envy. â€śThis new full production distillery will allow for continued creation of our award winning bourbons and whiskies, in addition to bringing jobs and other business opportunities to the state and city. The distillery complex will also make an immediate impact on bourbon based tourism, with projections of 120,000 visitors during the first year of operation.â€ť
To encourage the investment and job creation in Louisville, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $800,000 through the Kentucky Business Investment program. The performance-based incentive allows a 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 Angelâ€™s Share Brands for tax benefits up to $72,000 through the Kentucky Enterprise Initiative 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.
Kentucky produces 95 percent of the worldâ€™s bourbon. More than 8,600 jobs in Kentucky are connected to the distillery-related enterprise, generating approximately $413 million in payroll. The 4.9 million barrels of aging bourbon in Kentucky outnumber the Commonwealthâ€™s population of 4.3 million people.
â€śI am very pleased that Angelâ€™s Share Brands is making this investment in our community by establishing a new distillery in Louisville and creating new jobs,â€ť said Sen. Gerald A. Neal, of Louisville. â€śLouisville will reap the rewards of economic growth and these additional job opportunities.â€ť
â€śKentuckyâ€™s bourbon history continues to hit new highs, and this announcement by Angelâ€™s Envy is the latest reason why,â€ť said Rep. Darryl Owens, of Louisville. â€śI am very pleased to see it invest so much in our community, and I look forward to the day when it is up and running.â€ť
â€śWe are delighted that Angelâ€™s Envy has selected Main Street for its Louisville distillery,â€ť said Louisville Mayor Greg Fischer. â€śIt is exciting that we will have an iconic bourbon brand as part of the history and culture that makes up this vital corridor of Louisvilleâ€™s downtown. Angelâ€™s Envyâ€™s dedication to its quality product and economic commitment to the Louisville community are both representative of what makes Louisville and Kentucky the bourbon capital of the world.â€ť
â€śBecause of Angelâ€™s Envyâ€™s commitment to Louisville, we celebrate another exciting new bourbon presence in downtown Louisville, and a welcome addition to our burgeoning food and beverage sector,â€ť said Greater Louisville Inc. President and CEO Craig Richard. â€śIâ€™m looking forward to seeing even more friends and visitors joining us on the Kentucky Bourbon Trail.â€ť