Business-Centric City Services, Talent, Location Drive Steady Growth

In a year like no other, the New Albany International Business Park continues to experience steady growth and expansion that several businesses attribute to the city’s “business centric”  approach to economic development, ideal location and strong talent pool. 

Alene Candles, a leading private label candle and diffuser manufacturers, recently expanded its footprint with a new $30 million environmentally-friendly building that encompasses 280,000 square feet of space and added 58 employees to its payroll. Company officials said the investment reflects “a very easy and trusting relationship” with city officials. 

Axium Packaging, a manufacturer of plastic containers, caps and closures, continues to increase its footprint in New Albany with a $10.7 million, 100,000-square-foot manufacturing and warehouse facility, bringing its total investment in New Albany to $150 million since 2012. The company has lauded the area’s “tremendous amount of talent at a very cost-effective rate.”

Citing the “ideal location and strong talent pool,” business park newcomer, Hims & Hers, a direct-to-consumer digital health and wellness company, has moved into its new 302,000-square-foot mail order pharmacy facility, one of the largest licensed pharmacies in the United States.  

After fully leasing its first multi-tenant building ahead of schedule, VanTrust Real Estate, a commercial real estate developer, announced plans for two new $17.5 million multi-tenant buildings on a 22-acre site on Innovation Campus Way West expected to be completed next year. 

American Regent, a manufacturer of generic and branded injectables for health care providers, added a 178,000-square-foot, $75 million production and warehouse facility, attached by a walkway to its first, 78,000-square-foot building. The company credits its partnership with the city and abundance of knowledge workers for its continued growth.