Plans are underway towards expanding the services of the first Black-owned bourbon distillery in Kentucky — Fresh Bourbon Distilling Co., founded by Sean and Tia Edwards to downtown Lexington.
The Moguldom Nation reports that Sean registered the company in 2017 with the goal of establishing a premier, African-American-owned bourbon brand and opening a distillery in his hometown which will be about 34,000 square- foot. The company recently completed its first round of financing, with a second funding round near finalization.
They plan to break ground in the summer but have yet to sign a contract for the location. Construction is expected to take about 18 months.
In December, the Kentucky Economic Development Finance Authority gave the companhttps://atqnews.comy approval for up to $325,000 in tax incentives for the $5.4 million project.
“Bourbon is a mainstay of Kentucky’s economy, and I am thrilled to see this step toward greater inclusivity in this iconic industry,” said Governor Andy Beshear.
The owners of the new distillery will be working with another African-American distiller whose name is still confidential. This is something Sean says “hasn’t happened since slavery”.
History records that the production of whiskeys in the United States were pioneered by slaves who though listed as properties in tax records worked with high capabilities in transforming the sector as one of US’s most iconic industries.
By Francis Ogwo
Source: Moguldom.com
