New Albany Sees Industrial Boom, Land Prices Climb
Industrial Expansion and Job Creation Industrial momentum surges as New Albany experiences a transformative industrial boom. This is marked by Progressive Materials’ significant $13.4 million investment plan. This pivotal move indicates robust industrial expansion. A new 100,000-square-foot corporate campus is set to arise at New Albany North Industrial Park. Progressive Materials, founded in 2011 , specializes in silicone roofing systems and is one of the largest silicone coatings manufacturers in the U.S. The expansion will bolster manufacturing operations. It will provide extensive warehouse, distribution, and quality control facilities. Crucially, this venture into broader facilities is expected to generate up to 25 new jobs by 2023. This reflects substantial job creation that promises to invigorate the local economy. Progressive Materials, a leading silicone coatings manufacturer, positions itself for rapid growth. Increased production capabilities will cater to expanding market d...