Kentucky Gov. Andy Beshear shared the positive economic impacts of the bourbon industry — including $9 billion economic output — after a report was released. (AP Photo/Bruce Schreiner)
On Wednesday, the Kentucky Distillers’ Association shared that elected officials such as Kentucky Gov. Andy Beshear had much to celebrate after a report highlighting the positive economic impact of the bourbon industry was released. The report shared that a whopping $9 billion in revenue is generated for Kentucky’s economy by the bourbon industry each year.
“Kentucky’s economy is booming, and the bourbon industry is helping us build a strong economy for generations to come,” Beshear said in a news release. “Today, this signature industry is generating $9 billion in total economic impact, with more on the way. We thank our distilleries for working hard to create more good jobs and boosting our tourism industry across the Commonwealth.”
The report was completed by Dr. Paul Coomes and featured data from 42 counties and 100 distilleries. The findings revealed a growth of 23,100 jobs and $1.63 billion in wages. The report also cited $3.5 billion worth of investments due to bourbon-related tourism.