New Albany just got a lot bigger after annexing nearly half of Jersey Township — we’re talking 3,000+ acres bigger. With this newly acquired space, Intel has announced plans to construct a $20 billion semiconductor factory. With an official announcement from Intel expected on Fri., Jan. 21, we’re taking a closer look at ‘what could be the largest economic project in state history.’

What

Intel will invest $20 billion to construct this factory and looks to employ 3,000 workers once its completed. The construction phase of the project will create thousands of jobs over the years which makes Intel one of the top 20 largest employers in Columbus.

Jersey Township trustee Ben Pieper told NBC4i the project will take roughly 10 years. Once finished, the factory will join New Albany’s International Business Park with other tech giants like Amazon, Google, and Facebook.

Where

The project will be sandwiched between the Franklin-Licking County line, Green Chapel Road, Mink Street and Jug Street. Most recently, New Albany City Council approved $10 million to improve roadways + build new water and sewer lines to prepare for construction. The Columbus Dispatch reported loggers have entered the area to remove large trees.

Economic boost

While it’s unclear how much the Intel factory will boost Columbus’ economy, we can look at other cities with Intel factories to get an idea. Intel reported its Oregon plant saw an annual $19.3 billion impact on its economy, and Arizona’s plant saw an annual impact of $8.6 billion.

How to get involved

The New Albany City Council meets on the first + third Tuesdays of each month. The next meeting will take place on Tues., Feb. 2 at 6:30 p.m. Meetings can be watched virtually via Zoom and you can find the link to join here.

Want to read the tea leaves on this project? Check out this interview with Intel CEO Pat Gelsinger where he discusses building a new factory in 2022.