New Albany News

Mission Essential mulls move to New Albany

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Company officials from Mission Essential announced last week they are considering relocating from Easton to 6525 W. Campus Oval in New Albany.

The company's lease is expiring in June and officials looked for sites in Columbus, Gahanna, New Albany and Westerville, said company spokeswoman Leslie Neville.

"The size in New Albany is actually smaller than we have now," Neville said. "The space can be configured to our needs. It's a large, open space and there are no restrictions. It would fit our needs and support our open and collaborative culture."

Neville said the company is hoping to move in June and plans to finalize its new location in May.

Neville said Mission Essential is an intelligence company providing "intelligence solutions" for many United States military entities and to "foreign friendly governments."

New Albany City Council on Feb. 18 voted 6-0 with Colleen Briscoe absent to approve a four-year, 20-percent income-tax credit for the company. The credit is valued at is $36,800 annually, or $147,200 over four years, said Jennifer Chrysler, New Albany's community-development director.

Chrysler said the company would move all 95 employees to New Albany and spend $500,000 in improvements to its 20,000-square-foot space.

The company has an annual payroll of $9.2 million, which would contribute $92,000 to the city's general fund and generate $55,200 for the New Albany Community Authority, which pays off debt incurred in the creation of the city's business parks, Chrysler said.

The company would have to lease space for six and a half years to be eligible for the incentive, she said.

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