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That and incredible tax breaks. I'm originally from neighboring Indiana. The midwest should have figured this out long ago, but political corruption, the coal
by titzer 5y ago
That and incredible tax breaks.
I'm originally from neighboring Indiana. The midwest should have figured this out long ago, but political corruption, the coal lobby, and a lack of imagination has really blinkered the long-term planning there.
- vgeek 5y agoNew Albany has a lot of corporate headquarters relative to the size of the city, even when you exclude the Les Wexner (https://en.wikipedia.org/wiki/Les_Wexner https://en.wikipedia.org/wiki/Les_Wexner) companies. Big Lots, Red Roof Inn and Bob Evans are the most prominent, but there are lots of other major companies with measurable presence (one of the two AWS US-EAST-2 DCs & a FB DC), too. From looking at the town's operating plan, The New Albany Company (a planned community, where Wexner & friends have/can buy up all of the swampy farmland they want and grow the city limits as necessary) already have lots of land (both for C&I and residential) and can offer tax breaks/rebates that can't be matched for corporations, instead relying more on the taxes from the residential developments of $500k+ homes (probably 1.5-2x MSA median) in the area (if you want to see a gerrymandered map, look up New Albany-- it is very deliberate in excluding multi-family developments from the city limits).