Economic Development

311 Hauss Square, Room 325
New Albany, IN 47150-3586
(812) 948-5333, phone
(812) 948-6803, fax
cmalysz@cityofnewalbany.com

New Albany is a fast growing city located on the Ohio River in the south central region of Indiana. It is an easy ten minute commute to downtown Louisville, Kentucky. New Albany has been expanding its economy alongside neighboring communities such as the Metro Louisville area and other Southern Indiana cities such as Clarksville, Jeffersonville, Sellersburg, and the Floyds Knobs area.

New Albany offers low business costs along with a great central location that allows easy access to major interstates. The downtown area of New Albany lies in the New Albany Urban Enterprise Zone (N.A.U.E.A.). The zone allows downtown businesses financial incentives to allow a lower cost of business for the start up stages of business. The N.A.U.E.A. offers such resources as tax credits and grants to promote economic growth in the downtown zone.

The objective of the city’s Economic Development Office is to foster and develop economic growth within the City of New Albany. The office acts as a facilitator between private and public enterprise in order to redevelop the central location of New Albany.

What does New Albany have to offer?
• New Albany has a great location outside the Louisville Metro area and offers easy access to major interstates I-64, I-265, I-65, and state highways 62, 111, and 150

• The downtown area is a place people drive through in order to get to Caesars Casino just outside New Albany

• Large number of financial incentives and public support for growth in the city downtown district

• Great History and Community involvement throughout the city

• Large workforce with an increasing number of educated employees coming out of local Universities and Academic Institutions

• Large number resources readily available for businesses such as the Urban Enterprise Zone, Develop New Albany, Chamber of Commerce, and the Dept. of Economic Development for the City of New Albany

• Successful town festivals and events that are draw large crowds downtown the during different seasons of the year.

IU Southeast

IU Southeast is one of eight campuses of Indiana University. Offering more than 50 degree programs at both undergraduate and graduate levels, the scenic 180-acre campus in New Albany currently has an enrollment of more than 7,100 students and employs more than 400 faculty members. About 400 students now live on campus in five fully furnished, lodge-style residence halls.

The University includes the schools of Arts and Letters, Social Science, Natural Science, Business, Education, and Nursing. The New Albany campus also is home to the Paul W. Ogle Cultural and Community Center, the Regional Economic Development Resource Center, and the Applied Research Center.

The University, which boasts 18,000 alumni in the region, recently received a stellar reaccreditation report by the Higher Learning Commission. Among other accolades, the IU Southeast School of Business was named a Top 10 Part-time M.B.A. program by Business Week.

IU Southeast is a tobacco-free campus. For more information, visit www.ius.edu.

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