City Council approves incentives for new IT building
New Albany City Council on Nov. 27 approved a 10-year, 65 percent property-tax abatement for M2 Marketplace to build a single-story 20,000-square-foot building in the city's research-and-information district off Central College Road.
Jennifer Chrysler, New Albany's community development director, said the building will be occupied by SARCOM, a Lewis Center-based affiliate of M2 Marketplace that specializes in information-technology services. Both companies are owned by PC Mall.
She said the new building will house SARCOM's Lifecycle Management program, which includes "information-technology solutions consulting, system design, help desk management, remote data-center management and hosting and disaster recovery," according to City Council's legislative report.
Chrysler said the building project will bring the city five new employees with an annual payroll of $280,000.
The project is expected to generate $155,000 in income-tax revenue. Thirty-percent of the revenue will go to the New Albany Community Authority to pay off debt incurred in building the local business parks. The rest will be split equally between the city and the New Albany-Plain Local School District.
Bob White Jr. of the Daimler Group said M2 Marketplace plans to build next to the Motorists Mutual Insurance Co., west of Central College Road and northwest of New Albany and Souder roads. The Daimler Group represented M2 Marketplace at the City Council meeting.
SARCOM officials planned to develop a data center in central Ohio and New Albany was chosen because of its planned development, support of sustainable technology and the amenities in the business park, White said.
Chrysler said M2 Marketplace will invest $9.5 million in the new building.
White said the company decided to purchase 8 acres, more than needed, so it will have room to expand.
He said the company is expected to close the sale of the land this year and begin construction in 2013.
SARCOM is owned by PC Mall, a $1.4 billion publicly traded company.
Chrysler said SARCOM already has about 500 employees in Ohio.