Intel’s Investment In New Albany
Intel 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.

Intel’s selection of the New Albany International 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, including state funding to widen State Route 161, and an even stronger emphasis on STEM education opportunities for our local schools as well as for our 2-year and 4-year colleges and universities throughout the state of Ohio.

The megaproject, which will be the largest single private sector company investment in Ohio’s history, is expected to ultimately generate more than 20,000 jobs in the state, including 3,000 direct Intel jobs, 7,000 construction jobs over the course of the build, and tens of thousands of additional indirect and support jobs including contracted positions, electricians, engineers, and jobs in restaurants, healthcare, housing, entertainment and more. The project is expected to add $2.8 billion to Ohio’s annual gross state product.

To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.

Renderings shows early plans for two new leading-edge Intel processor factories in the New Albany International Business Park. (Credit: Intel Corporation)

On September 9, 2022, Intel held the official groundbreaking ceremony for its $20 billion investment in a new semiconductor manufacturing site to produce leading-edge chips. The project is expected to generate 7,000 construction jobs and 3,000 long-term positions in manufacturing and engineering.

Read more about the groundbreaking ceremony and watch a replay of the event.

The heart of the Intel site is nearly 6 miles from New Albany’s Village Center. To put that in perspective, Easton Town Center is also approximately 6 miles from our Village Center.