New Albany International Business Park continues to grow

The New Albany International Business Park, which houses “more than two dozen retail, technology and manufacturing companies,” recently received approval to annex an additional 130 acres, and “hopes to see an additional 450 acres” added as well, The Columbus Dispatch reports. Facebook’s “$750 million, 970,000-square-foot complex is under construction on 345 acres” with the first phase expected to be completed in 2019, according to the article. AEP’s transmissions operations facility “was already at capacity” when it opened its 175,000-square-foot building last year and quickly began construction on a neighboring twin facility. The business park currently “covers about 11.5 million square feet of development between Franklin and Licking counties.” For more, read the full article.

Economic Development