Barrel manufacturer plans new $66.5M cooperage with 220 jobs
MOREHEAD, Ky. (AP) — A Missouri-based barrel manufacturer says it will create more than 200 jobs in Kentucky as it plans to build a $66.5 million cooperage.
News outlets report Independent Stave Co. announced the 220 jobs for the new operation in Morehead. The company already has a stave mill in Morehead, and WKYT-TV reports the governor’s office says the cooperage announcement is a result of strong demand in the bourbon and whiskey industry.
Independent Stave CEO Brad Boswell says the company decided on land in Rowan County because of proximity to its stave mills and access to cooperage-quality white oak in the surrounding area.
Independent Stave will receive performance-based incentives up to $3 million through the Kentucky Business Investment program and up to $500,000 from the Kentucky Enterprise Initiative Act.
Information from: WKYT-TV, http://www.wkyt.com