NEW ALBANY, Ind. (WDRB) -- Something new could soon move into the former General Mills/Pillsbury Plant in New Albany.

The City of New Albany is scheduled to make an announcement about a big economic development on Wednesday morning.

Local residents remember the sweet smells that filled the air around the building for more than 55 years. The plant closed two years ago. More than 400 people lost high-paying jobs. Some jobs paid $20 an hour or more.

Representatives from the state of Indiana, Floyd County and One Southern Indiana will take part in the announcement. 

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