Accel, a New Albany business, is one of 17 companies vying for the fourth Excellence in Entrepreneurship award sponsored by the Ohio Chamber of Commerce.

Accel, a New Albany business, is one of 17 companies vying for the fourth Excellence in Entrepreneurship award sponsored by the Ohio Chamber of Commerce.

The awards ceremony will be held May 15 at the Southern Theatre in downtown Columbus, during the Ohio Chamber of Commerce annual meeting and legislative reception. The winner will receive $25,000 and a 24-month lease on a 2012 Ford Fiesta.

Accel "develops innovative packaging solutions," working with clients on "merchandising, package engineering, contract manufacturing, inventory control, logistics and marketing and-or promotions," according to the company's website. The company consolidated its offices in Lewis Center and a distribution center in Whitehall into a 500,000-square-foot building in New Albany's personal care and beauty campus. The new facility houses manufacturing, distribution, research and development and headquarters operations.

Accel was nominated by the New Albany Chamber of Commerce.

The award is meant to "identify, honor and financially assist a company in Ohio that is demonstrating the historical innovative spirit of (Ohio). The award recipient best demonstrates this entrepreneurial spirit through a recently introduced or pending introduction of a unique product or service that will have the ability to sustain long-term growth for the company, increase local employment and assist in the creation of economic prosperity within the state," according to the Ohio chamber.

Accel invested $20 million in the new facility, which is expected to create 25 jobs and retain 206 positions.