As a community created by innovators for innovators, New Albany, Ohio offers a robust ecosystem that leverages its inherent entrepreneurship, business connectivity, public-private partnerships and quality of life to inspire creativity and accelerate commerce.
The high level of community collaboration and engagement among businesses, residents, public officials and community leaders drives the city as a whole to succeed. Whether it’s our economic development incentives, streamlined planning or specialized innovation campuses, our community offers a one-of-a-kind location that powers growth.
As businesses continue to evolve and expand, New Albany’s diverse economy cements itself as a model of successful Midwest development. In 2015, New Albany welcomed Bocchi Laboratories, a California-based manufacturer that built a 130,000-square-foot facility; Columbia Pipeline Group, a spin-off of NiSource; and the L Brands/Bath & Body Works Distribution Center. Construction is scheduled in 2017 for AEP, Bath & Body Works HQ and Amazon.
L Brands, parent company of Bath & Body Works, is building an 860,000-square-foot facility, including a distribution center that opened in 2015 and an office section scheduled to open in 2016. The L Brands complex will employ approximately 600 employees when fully operational.
American Electric Power, headquartered in Columbus, is building a 195,000-square- foot transmission headquarters just west of Beech Road next to its transmission operations center. AEP expects to have a total of 800 employees when the $39 million facility is completed in 2016.
The Amazon data center facility will employ approximately 120 people with a projected annual payroll of $2 million. Amazon’s data center in New Albany will include a 150,000-square-foot building on 68 acres north of State Route 161 and east of Beech Road.
New Albany is also welcoming two new senior living facilities to the area: Methodist ElderCare Services’ Wesley Woods and First & Main of New Albany. Wesley Woods will feature nearly 38 acres comprised of a nature preserve, villa-style cottages with attached garages and retirement living apartments. First & Main will center on assisted living and Alzheimer’s and memory care. Amenities include a wellness and fitness center, a movie theater, restaurants and more.
Fostering Growth & Expansion
New Albany’s options for new or expanding businesses have helped create a fertile environment for a variety of start-ups and growth of established businesses. The city offers incentive packages including income tax and technology credits, green building credits and revenue bond financing or direct loan financing to new or existing businesses that want to call New Albany home.
Half of the 14 companies in the International Beauty Campus have expanded or are building new facilities. These growing companies are bringing more than 1,700 jobs, including about 600 new positions and 1,100 transferred from other locations. All but about 100 of those jobs have been created since 2011. More than 13,000 people work in the 4,000-acre New Albany International Business Park in Licking and Franklin counties.
The New Albany Net
New Albany features one of the most robust and affordable fiber optic networks in the country. New Albany Net was carefully developed in cooperation with American Electric Power as the company built its electricity transmissions control center in the community. The result is New Albany Net, a secure 96-strand, dark fiber optic network lit and managed by WOW!Business. The Information and Technology Innovation Campus has 627 acres zoned for commercial use. The campus can accommodate up to 1.2 million square feet of development. In addition to the business park’s fiber optic network and dual feed electric, the site also features a level of seclusion that is essential for mission critical enterprises. Industry leaders that have chosen to build data centers in New Albany include Nationwide Insurance, Motorist Mutual Insurance, The TJX Companies, AEP, PCM, and Amazon. The AEP transmission operation center in New Albany, coupled with the electrical and network- ing infrastructure, makes the area attractive for data centers. New Albany has excellent Internet connectivity due to the New Albany Net.
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