Liquor Business Receives Ohio Tax Credits To Create Jobs In Waverly and Jackson

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(Columbus) – Southern Ohio has one of nine projects receiving state approval of assistance to create 534 new jobs and retain 1,007 jobs statewide. 

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Collectively, the projects are expected to result in more than $40 million in new payroll and spur more than $76.6 million in investments across Ohio. 

Speyside Bourbon Cooperage, Inc., Jackson (Jackson County) and Waverly (Pike County), expects to create 42 full-time positions, generating more than $2 million in new annual payroll, and retaining $9.3 million in existing payroll, as a result of the company’s expansion project in the cities of Jackson and Waverly.

Speyside Bourbon Cooperage is a producer of staves and bourbon barrels for the spiritous liquor industry. The French-owned firm has operations in multiple states in the U.S. and in Europe. The TCA approved a 1.145%, six-year Job Creation Tax Credit for this project.