Kentucky’s bourbon capital is set to grow even stronger.
The Bardstown Bourbon Company announced Thursday plans to build a new distillery in the Nelson County town that will create 35 jobs and represent an investment of $25 million. The company says it will also build a visitor’s center and warehouses, in addition to the 45,000-square-foot distillery.
The company will produce bourbon as well as other spirits using local ingredients. Construction on the project is expected to begin this summer, with the facility opening in 2016.
It would mark the fifth distillery in Bardstown, joining Barton 1792, Heaven Hill, Jim Beam, and Willett. Maker's Mark is also close by, in the town of Loretto.
The Bardstown Bourbon Company has hired Steve Nally to serve as its first master distiller. He has over 40 years of experience in the industry and is a member of the Bourbon Hall of Fame.
The Cincinnati/Northern Kentucky Airport will start using new technology to try to reduce wait times and boost retail sales at terminals. The Cincinnati Business Courier reports the airport will be the first in the U.S. to use software called “BlipTrack” to monitor how many Wi-Fi devices such as smart phones and tablets are in a particular area at a certain time.
Lockheed Martin, which created the system, says it’s already in use at 20 airports internationally. Airport officials say the software doesn’t gather personal information.
Soudal Holding NV will acquire and expand Accumetric LLC. The international adhesive and sealant manufacturer will retain the 85 jobs currently at the facility and create as many as 77 new positions, investing nearly $21.2 million in the project.
Soudal will upgrade the technology of the plant and expand the 200,000 sq. ft. facility which will still operate under the name Accumetric.
A stable of Kentucky lawmakers are learning how natural gas can be developed to meet the state’s transportation needs.
Industry experts briefed members of the committees on energy and natural resources at the Owensboro convention center Thursday on the viability of natural gas filling stations, which are currently limited across the state.
“It’s an important issue for Kentucky," said Republican Sen. Jared Carpenter, a co-chair of both committees. "Gas has become a major player, in providing energy sources for Kentucky, and that's why we wanted to come to Owensboro."
"One of our members, this is his home community, and they've got a beautiful facility, and they just worked hand-in-hand so we could hear a presentation from the gas association and learn more about what they're doing."
Natural gas is expected to comprise a larger share of the state’s energy sources in the future.
Holley Performance Products says the research and development facility at their Bowling Green headquarters will bring a $1.3 million investment and create 20 new jobs. It's being described as a work cell for designing new exhaust systems.
The work cell will develop and prove new designs, processes and manufacturing techniques. It will focus on improving processes and methods in order to decrease production time, accommodate sales volume and maintain high quality of products.
The facility will allow Holley to expand its exhaust product lines under their Hooker Header and Flowtech brands including premium quality exhaust systems for late model muscle cars and trucks and classic vehicles.
Holley has been in Bowling Green since 1951. It employs more than 250 people at its Russellville Road facility.
Former Kentucky Secretary of State Trey Grayson is returning to the commonwealth to lead the Northern Kentucky Chamber of Commerce.
Grayson recently resigned as director of the Harvard University Institute of Politics.
In a phone interview Thursday, Grayson told WKU Public Radio that becoming president of the Northern Kentucky Chamber of Commerce was the perfect job to come home to. He said thinks his two terms as secretary of state and his Frankfort and Washington connections will serve him well.
"Somebody in the interview process referred to me as having the best of both worlds where I am a local with some local knowledge, but I also know how Washington and Frankfort works, and how a big city like Boston operates," commented Grayson.
"While he has the flavor of our local community, he brings to us a much wider national perspective," remarked Chamber Chairwoman Debbie Simpson."There are issues that any business organization is dealing with. People are doing business differently today and our organizations have to adjust to fit that, and I think the fresh perspective that Trey is bringing back will really help us meet those challenges," added Simpson.
Northern Kentucky is facing a couple of immediate challenges, including the aging Brent Spence Bridge and the closing of Toyota’s corporate headquarters.
MacDonald & Owen Lumber Company recently acquired the dry kiln facility, Kerr Forest Products, in Bowling Green. Now, the company has been approved for incentives, with plans to invest $2.6 million and create 18 full-time positions.
The hardwood lumber company already has locations on Wisconsin and Pennsylvania. The company serves a world-wide customer base, offering a product line of more than twenty different species of kiln dried lumber as well as custom drying, planing and sanding.
Owner and CEO David Twite says the move to Bowling Green will allow MacDonald & Owen to extend their global reach through the close proximity to materials and freight options. The company is expecting to produce an additional five million board feet of hardwood lumber annually focusing on high quality Appalachian hardwoods.
This is the second economic development announcement for Bowling Green this year. It brings total capital investment to nearly $153,000 and the creation of 90 new jobs.
Governor Beshear is leading a Kentucky trade mission to the United Kingdom this Sunday.
The Kentucky Export Initiative trade mission will make stops in London and Manchester. Bilateral trade between the Bluegrass State and the U.K. was near $3 billion dollars in 2013, and the U.K. is the commonwealth’s third-largest trade destination, behind only Canada and Mexico.
Kentucky exports more horses to the U.K. than any other state, and ranks in the top five in exporting aerospace products, distilled spirts, printed materials, and charcoal to the country.
During the five day trip, Governor Beshear will be joined by representatives from 11 Kentucky companies, including Bluegrass Dairy of Glasgow; Oscarware Incorporated of Bonnieville; and Whitaker Tools of Campbellsville.
Kentucky exporters have been on a roll lately. Last year the commonwealth exported $25.3 billion in products, the third straight record year for exports.
Constellium N.V., a European aluminum company, and Japanese aluminum company UACJ Corporation say they'll establish an aluminum production facility at the Bowling Green Transpark. A $150 million capital investment is expected and 80 new jobs. It's the largest capital investment for the South Central Kentucky region in more than a decade.
Kentucky Governor Steve Beshear said the investment further solidifies the state as a key player in the auto industry. The two companies will supply aluminum "Body-in-White" sheet to the North American auto industry. The Joint Venture will have an initial target capacity of 100,000 metric tons, about 220 million pounds, supplied by cold rolled coils supplied by both partners' rolling mills.
Construction of the plant is expected to begin this summer.
There have been ten economic development announcements in the past 18 months in Bowling Green, totaling more than $285 million in capital investment and over 450 new jobs. This is the largest total capital investment in the state of Kentucky so far this year.