On January 21, Intel announced that it has selected the Licking County portion of the New Albany International Business Park as the location for a $20 billion+ chip manufacturing project. The company plans to build two state-of-the-art factories by 2025. Intel’s selection of our business park will create many opportunities for New Albany, our region and the entire state, including:

• thousands of new manufacturing and construction jobs;
• new infrastructure in and around New Albany to support the project; and
• an even stronger emphasis on STEM education opportunities for our local schools, as well as 2-year and 4-year colleges and universities throughout the state of Ohio.

Read more at the City of New Albany website…

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By Meghan Bobrowsky
Updated Jan. 21, 2022 

Intel Corp. INTC 0.15% said it plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering the company’s semiconductor-production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.

Intel said Friday it would invest in two new chip factories just outside Columbus, Ohio, to add to Intel’s effort to expand its chip-making business. The company has made more than $100 billion in investment pledges over the past year. Intel Chief Executive Pat Gelsinger said the site could eventually grow to accommodate eight chip factories, also known as FABs.

Read more at the Wall Street Journal website…

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COLUMBUS—Ohio’s six major business organizations today joined to issue a statement on Intel’s announcement to build a semi-conductor production facility in central Ohio. The Ohio Business Roundtable, Ohio Chamber of Commerce, NFIB Ohio, Ohio Manufacturers’ Association, Ohio Farm Bureau and the Ohio Council of Retail Merchants issued the following statement:

“Today’s announcement by Intel that it will build a new computer-chip factory in central Ohio is a monumental win for our state and our country. The COVID-19 pandemic and its supply-chain disruptions, together with aggressive foreign trade practices, showed many organizations the importance of moving manufacturing capacity back to the United States from overseas; perhaps none more important than the semiconductor industry. Domestic chip manufacturing is essential for our national security, and we are pleased Ohio is leading the way.

Read more at the Ohio Business Roundtable website… 

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Accolades poured in from across the state on Friday after it was confirmed that Jersey Township in Licking County will be home to a $20 billion Intel investment.

Sen. Rob Portman called the announcement a “great match” between Intel and Ohio.

“This historic investment is great news for Ohio and for our nation. Intel is a world-class company and Ohio is well situated to be the home of their new semiconductor manufacturing center,” he said in a statement.

Read more at The Columbus Dispatch…

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Aubrey Wright and Mark Williams | The Columbus Dispatch

NEWARK — The celebration of Ohio’s biggest economic development project in history stretched from Washington, D.C., to Newark on Friday.

Local, state and federal leaders from President Joe Biden to Gov. Mike DeWine welcomed Intel’s $20 billion investment to build two semiconductor plants on land that will be annexed into New Albany from Jersey Township.

Read more at The Columbus Dispatch

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Mark Williams | The Columbus Dispatch

Gov. Mike DeWine was enjoying the kind of chaotic Christmas morning at the Governor’s Residence that most parents and grandparents experience. It was 10 a.m. and his children and grandchildren, many of whom had spent the night, were opening presents when DeWine’s counselor, Laurel Dawson, handed the governor a letter.

It was from Intel CEO Pat Gelsinger and Senior Vice President Keyvan Esfarjani, officially telling DeWine that the semiconductor company had picked Greater Columbus for what will be the biggest economic development project in state history.

Read more at The Columbus Dispatch…

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Mark Williams | The Columbus Dispatch

Intel’s promise to invest $20 billion to build two semiconductor plants in Licking County could be just the start for what the Silicon Valley giant has in mind for Greater Columbus, the company’s CEO told The Dispatch.

The plants, also called fabs, will employ 3,000 workers, and 7,000 construction workers will be needed to build them, Intel said in officially announcing its plans after months-long rumors of a massive economic development project on the horizon.

Read more at The Columbus Dispatch…

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Mark Williams and Monroe Trembly | The Columbus Dispatch

Intel has picked Greater Columbus for a new factory that figures to spark a new industry for the state.

The Silicon Valley semiconductor maker plans to invest $20 billion in a site in Licking County that will employ 3,000 workers, a source close to the project told The Dispatch.

How quickly such a development could occur depends in part on Congress, which is debating legislation that would provide incentives to bring chip-making back to the U.S.

Read more at The Columbus Dispatch…

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(New Albany, Ohio) January 10, 2022 – The New Albany Company has appointed its legal counsel Molly Iams as its first General Counsel. In this role, Iams is responsible for overseeing all company legal matters, including developing and negotiating real estate agreements for land sales and acquisitions, development agreements, leases, and real estate covenant and restrictions.

With more than 15 years of experience in real estate transactions, Iams earned her Juris Doctor (J.D.) degree from the William and Mary School of Law and a Bachelor of Arts with distinction from the University of Virginia.

Prior to her appointment, Iams provided legal services to The New Albany Company as both in-house counsel and as an attorney with Underhill & Hodge.  She also previously worked as an attorney at MI Homes and as an associate attorney at Vorys, Sater, Seymour and Pease LLP.

“The New Albany International Business Park has experienced unprecedented growth in the last decade, attracting more than $6 billion in private investment to date. Molly’s expertise is critical in our ability to support the growth of new and existing companies in the business park and to continue to be responsive to the companies,” said Bill Ebbing, President and CEO of The New Albany Company. “Momentum remains strong so we are pleased that Molly has joined us as general counsel.”

“It is an honor to represent The New Albany Company and support its commitment to high quality, master-planned development,” said Molly Iams. “New Albany is experiencing unprecedented economic growth, which is a testament to market demand, particularly in the Business Park.”

About The New Albany Company

Established in 1987 as a private partnership, The New Albany Company is the primary developer of New Albany, a nationally recognized strategically-planned community in Central Ohio encompassing more than 17 square miles that features a vibrant town center and cultural district, a country club community and a burgeoning business park.  In collaboration with civic leadership, The New Albany Company has spearheaded the growth and development of The New Albany International Business Park, one of the largest and fastest growing business parks in the country and home to several Fortune 100 companies representing more than $6 billion in private investment.

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The California-based biotech firm Amgen plans to break ground Friday on a $365-million packaging plant in New Albany.

For the firm’s CEO, Bob Bradway, the move represents a homecoming. Although he is now based in Southern California, Bradway grew up in Upper Arlington and graduated from Columbus Academy in 1981…Continue Reading at The Columbus Dispatch

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