FOR IMMEDIATE RELEASE
Kristin Mack Deuber Jennifer Chrysler Bill Ebbing, President
614.224.8114 (office) Village of New Albany The New Albany Company
614.975.4186 (cell) 614.855.3913 614.939.8000
firstname.lastname@example.org email@example.com firstname.lastname@example.org
PHARMAFORCE, INC. TO BUILD NEW FACILITY IN
NEW ALBANY RESEARCH AND INFORMATION DISTRICT
NEW ALBANY, OHIO – PharmaForce, Inc., a privately held pharmaceutical
company, will join New Albany’s Research and Information District pending state, local, and bank
financing agreements. This three-phased project will be located on a 31-acre site within the 128-acre
Research and Information District. Phase I will include a 70,000 square foot production and research
facility, expanding its sterile product manufacturing capabilities anchored by corporate offices.
“PharmaForce is a leader in the pharmaceutical industry and we are very excited to have such an
innovative company locate within our Research and Information District,” said Nancy Ferguson, Mayor of
the Village of New Albany. “We believe that the company chose this location because the district is
located within a master-planned community, with state-of-the-art infrastructure including dual feed electric
and fiber optics.”
PharmaForce, Inc., founded in 1999, develops and manufactures sterile pharmaceutical products for the
U.S. and global markets. The company has obtained U.S. FDA approval for over 30 drug products while
rapidly expanding their research and manufacturing capabilities. Its experienced and skilled management
teams, having over 100 years combined experience, have been credited with the development of more
than 120 drug and device applications, including Investigational New Drugs, New Drug Applications and
Abbreviated New Drug Applications.
PharmaForce will begin building its third location in New Albany later this year pending the financing
activities mentioned above. It is expected to bring 200 employees to the New Albany facility.
“This is great news for New Albany.” said Bill Ebbing, President of the New Albany Company. “The land
was previously zoned residential, so not only will it produce tax revenue for the village, schools and
township, it will not result in more students for the school district.”
According to New Albany Administrator, Joe Stefanov, the New Albany Business Park has real
“Despite a difficult economic climate, we have great activity with PharmaForce’s announcement, recent
buildings such as Commercial Vehicle Group, Tween Brands, American Electric Power and a significant
expansion at Abercrombie and Fitch, New Albany’s largest tax generator. It’s a real tribute to the staff,
Mayor and council.”
“Every time a company locates or expands here, it’s less money that the residents have to pay for
schools, parks and public services,” said Stefanov.
Village of New Albany
About the New Albany Business Park and Research & Information District
The New Albany Business Park has emerged as one of the most prolific economic engines for the State
and Central Ohio in terms of job creation, generated tax revenue and the retention of Fortune 500
companies. Since 1998, the New Albany Business Park has produced more than $48.5 million in income
tax revenue, which supports village services, the New Albany-Plain Local School Districts the public
library and the Jeanne B. McCoy performing arts center. The business park currently employs 8,000
people from around the Central Ohio area.
The New Albany Business Park is home to the international headquarters for Commercial Vehicle Group,
Tween Brands, Abercrombie & Fitch, and regional centers for Discover Financial Services, Aetna U.S.
Healthcare and the Mount Carmel Orthopedic Hospital.
About The Village of New Albany
Founded in 1837, the Village of New Albany is a master-planned community nationally recognized for its
sophisticated approach to sustainable development and ongoing public-private partnerships that result in
a unique level of architectural integrity, community interaction and economic vitality. Located in
northeastern Franklin County, the vibrant, pedestrian-friendly community boasts an unparalleled
commitment to education, wellness, culture and leisure that inspires and enriches families and
businesses alike. For more information on the Village of New Albany, visit www.villageofnewalbany.org.