Ohio Announces Major Economic Development Projects in New Albany and Fairfield County
Two major economic development projects in central Ohio — one in New Albany and another in Fairfield County are set to create more than 100 new jobs combined, with an estimated $7 million in annual payroll. Both projects will be eligible for tax credits if they achieve their economic objectives, according to agreements from the Ohio Tax Credit Authority. Some local officials, however, have expressed concerns about the Fairfield County project’s feasibility.
Ohio Governor Mike DeWine, Lieutenant Governor Jim Tressel, and Lydia Mihalik, director of the Ohio Department of Development, announced these projects. Together, these projects are expected to create 218 new jobs, retain nearly 1,165 positions statewide, generate $14 million in new payroll, and drive $2.1 billion in investments throughout Ohio.
Billion-Dollar Data Center Planned for Millersport
In Millersport, a small Fairfield County village known for its Sweet Corn Festival, Denver-based Vantage Data Centers is planning a massive data center on 500 acres, representing an estimated $2 billion in development. Vince Topo, village administrator, expressed caution, noting that the property has not officially changed hands and that tangible progress on the site has yet to begin.
Vantage, which already operates three data centers in New Albany, is projected to create 37 full-time-equivalent positions at the Millersport site, with $3.7 million in new annual payroll. The project includes a $2.1 billion fixed-asset investment in construction, and the Ohio Tax Credit Authority approved a 50% tax exemption over ten years for data center equipment. Operations must be maintained at the site through the duration of the agreement, from January 1, 2026, to December 31, 2035.
Axium Packaging Expansion in New Albany and Jersey Township
Axium Packaging, a North American manufacturer of rigid and extruded plastic products for industries including healthcare, personal care, food, beverage, and automotive, is expanding its operations in New Albany and Jersey Township, Licking County.
Ohio estimates that if Axium meets all requirements, the company could receive tax credits valued at $344,300 and retain 1,096 jobs. The expansion will create up to 70 new full-time-equivalent positions with $3.6 million in additional annual payroll, and will include a new facility for tube manufacturing and specialized warehouse operations. The project’s tax credit, approved for eight years, requires Axium to maintain operations at the site for at least eleven years.
These projects highlight Ohio’s commitment to attracting major investments, creating jobs, and strengthening the state’s economy while remaining competitive with neighboring states such as Illinois, Georgia, and Missouri.
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