Bourbon now accounts for 70% of US$1.1B in spirits that U.S. exports annually, data shows; sales of bourbon could double over next seven years, analysts estimate
March 9, 2012
– According to the Distilled Spirits Council of the United States, bourbon now accounts for 70% of the US$1.1 billion in spirits that the U.S. exports annually, MSNBC reported March 8.
Sales of bourbon could double over the next seven years, Citigroup estimated. Ninety-five percent of it comes from Kentucky, and the industry contributes nearly $2 billion to the Bluegrass State's economy, according to a study by the University of Louisville.
The whiskey business employs about 9,000 people in Kentucky, which just agreed to provide $2.35 million in tax breaks to Campari, which has plans to expand its Wild Turkey operations with a $44 million investment.
The primary source of this article is MSNBC, New York, New York, on March 8, 2012.