A new development is coming to this area and planners hope it will draw even more business to New Albany!
Evidently, Compass Data Centers recently picked our Central Ohio city as the location of its next speculative build.
New Albany Development May Help Boost Local Economy
According to a recent article I read, Compass Data Centers will construct a speculative data center in New Albany soon.
This means that the company has not secured a specific tenant to occupy any of the five data center pods that it plans to build.
While this may seem risky, the Compass CEO said the company is already working with local officials to attract clients, including tax incentives for future tenants.
According to plans, each tenant with receive a partial seven-year property-tax abatement.
The company will not start constructing the building until its secured at least one tenant – although it’s doing the footwork now so that once it signs a tenant, the company will be able to construct the building within six months.
The data center is expected to be between 10,000 and 21,000 square feet.
Company leaders say that they see a lot of promise in New Albany for the data center industry.
After all, there are several Fortune 1000 companies located here, including:
- Limited Brands
- Abercrombie & Fitch
- TJ Maxx
Other businesses located in New Albany include Nationwide Insurance and Discover Financial.
Plus, as company officials noted, New Albany has a great supply of fiber infrastructure as well as available skilled workers – especially given the city’s proximity to Ohio State University.
Search Available New Albany Ohio Homes Now and Relocate Here!
It’s an exciting time for our city, which appears to be on the frontier of establishing itself as an ideal place for data centers.
Even if you’re not in that industry, the creation of this data center will further help diversify the local jobs market and help strengthen the economy.
When you do, we’ll be happy to provide you with straight-forward advice as well as valuable Central Ohio home buying tools like:
You may even want to start looking at specific New Albany neighborhoods, like:
Until next time,