Business and the Economy
Jim Beam Distillery Plans Warehouse Expansion
Jim Beam Brands Company plans to build about 17 new warehouses, and some of them may in the Boston area. Nelson Fiscal Court approved a resolution to offer the company a 30-year property tax exemption if it chooses to build any of those warehouses in Nelson County. Because Jim Beam’s parent company acquired the Maker’s Mark Distillery several years ago, the company is likely to locate its new warehouses in the Boston area and in Loretto, where Maker’s Mark has its distillery. Warehouses are used to store the oak barrels in which bourbon ages.