Sazerac is synonymous with New Orleans. And, the Sazerac Company’s vast whiskey holdings scream Kentucky. However, the spirits giant is eying the Midwest for their newest facility. In a press release, the Sazerac Company announced plans to open a new manufacturing facility in New Albany, Indiana.
Sazerac is eyeing an old General Mills Pillsbury plant, closed since 2016. The spirits company intends to use the space for processing, blending, packaging and distribution. The location is about two hours from contract distilling giant MPGI in Lawrenceville and directly across the Ohio River from whiskey mecca, Louisville.
Converting the Doughboy’s old stomping grounds into a spirits center is expected to cost $66 million according to Sazerac. The company estimates that by the end of 2021, the 460,000-square-foot space will employ 110 workers.
“We’re excited about the possibility of expanding our operations into Southern Indiana. Our contacts at the State of Indiana, the City of New Albany and the local economic development organization, One Southern Indiana, have been great partners to work with throughout this process,” said Jeff Conder, Vice President of Manufacturing for Sazerac Co. in a statement. “If all goes well, we look forward to getting our construction underway at the new facility, then on to staffing and running our new plant.”
The list of agencies and municipalities in Conder’s quote hints at the large amount of tax credits and grants on the table to incentivize the move. The Indiana Economic Development Corporation (IEDC) is chipping in up to $900,000 in conditional Economic Development for a Growing Economy (“EDGE”) credits as well as up to $150,000 in training grants from the Skills Enhancement Fund (SEF).
Of course, there are some i’s to dot and t’s to cross. The deal won’t be final until it clears a vote by the New Albany City Council next week. If that goes through (which is expected,) Sazerac plans to close the transaction on June 11.