trends - kevin bol commercial group
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romnewmanufacturingtotop-dollar mixed-usedevelopments,education expansionsandanaerospacetechnologyparklaunch,GreaterLafayettecontinuesmakingheadlinesintheeconomicdevelopmentarena.Toppingthelist:The$115MGEAviationfacility,underway;the$50MIndianaManufacturingInstitutegoingupinPurdueResearchPark;101Main
2015 Off to a Brisk Start
Quick Glance, 2015 Activity
CAPITAL INVESTMENTS2015mid-year:morethan$400M(2014,$651.3M;2013,$1.02B;2012,$646.1M;2011,$444.3M)
BUSINESS AND INDUSTRYADVANCED MANUFACTURING
New:CuttingEdgeIndustrialTechnologiesopened;GEAviationannouncedadditional$15Minvestmentand30morejobsforitsunder-constructionplant,foratotalinvestmentof $115M
Expansions:HeartlandAutomotive,$.5M;OerlikonFairfield,$.6M;Schooldatebooks,$1.1M;Tate&Lyle,$65M
Continuing expansion: Subaruof IndianaAutomotive
HIGH-TECH/LIFE SCIENCES
New:QuestGlobalEngineering
New facility:TriclinicLabsbuilt$6Mheadquarters
Expansion:SpensaTechnologiesInc.
Expanded services:MEDInstitute
CO-WORKING FACILITIES
Opened: TheBinderyArtist’sStudios
PROFESSIONAL/SERVICES
Banking: PurdueFederalCreditUnionbranchremodel
Real Estate:KevinBolCommercialGroupopened
RETAIL/HOSPITALITY/TOURISM
Retailers/restaurants:29newspotsopenedorannouncedsofarin2015(54in2014;52totalin2013;60in2012;41in2011)
Transportation: CityBusadded10CNGbusestoitsfleet;openedCNGfuelingstation
TRENDSG R E A T E R L A F A Y E T T E C O M M E R C E
ECONOMIC
MID-YEAR 2015
F
Details insideIN THIS ISSUE
BUSINESS AND INDUSTRY
Advanced Manufacturing 5High-tech/Life Sciences 8Co-working Facilities 14Professional/Services/ Warehouse 15Retail/Hospitality/Tourism 16Sustainable Energy 17
COMMUNITY
Initiatives 18Media 19Medical 20Nonprofit Sector 21Public Works 22Real Estate 24Recognitions 25
EDUCATION
P-12 Schools 26Religious 26Ivy Tech 27IU School of Medicine - Lafayette 28Purdue University 28Workforce Development 29
Street,a$24Mresidential/commercialventuredowntown;andcreationof the980-acrePurdueResearchParkAerospaceDistrict.Existingindustries,too,areexpanding,aswellasmedicalfacilities,thehospitalityindustryandinfrastructureimprovements.Activitywouldbestbedescribedaspositiveandrobust,andespeciallysobecauseof numerouscooperativecommunityinitiatives.
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COMMUNITYMEDICAL
New: EvansEyeCareInc.
Under way: FranciscanSt.ElizabethHealthCardiacRehabandPulmonaryRehab;IUHealthArnettHospitalMedicalOfficeBuilding,JoyfulJourneyAdultDayService
Services: IUHealthArnettaddingmentalhealthservices;FranciscanSt.ElizabethHealthexpandingitsmentalhealthcare
NONPROFIT
Underway: ClearRiverChurch;EngagementCenterbeingcreatedforthosewithhousingneeds;FoodFindersFoodBanktoopenFoodResourceCenter;RightStepsChildDevelopmentCentersmovedDurganSchoolsitetoCreasyLane
New name:WillowstoneFamilyServices(forFamilyServicesInc.)
Remodels: FarmhouseFraternity,BetaMuChapterHouse,DeltaMuFraternity,FowlerHouse
Opened:Threeresidentialgroupshomes,byWabashCenter
PUBLIC WORKS
Lafayette 2015: $25Minstreetwork,$6.9Mof itindowntownstreetscapes;$2MLongCenterforthePerformingArtsrenovation;creationof LibraryPark
West Lafayette 2015:$14.8Minstreetandsidewalkwork
Tippecanoe County 2015:$3.9Minbridgeandroadwork;purchasingformerbankforoffices
Tippecanoe County Public Library:Building$2Meastsidebranch
REAL ESTATE
Aerospace: 980-acrePurdueResearchParkAerospaceDistrictcreated,includesairport,PurdueAviation,Zucrowlabs,spaceforcompanycollaborations
Mixed Use: 101MainSt.,$24Mprojectwithapartments,bank,retail/restaurant
Apartments:RegencySpringsApartments
Senior Living/Care:Terracesof WestminsterVillage;somecompleted;constructioncontinues
Other:CentennialTownhomes;somecompleted;constructioncontinues
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
Quick Glance | Continued
101 Main St. mixed-use facility
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Home Sales:1stQ:392homes,$61.2M;2ndQ:719homes,$10M
New Home Construction: 1stQ:47single-family,36multi-familyunits;2ndQ:155single-familyunits
EDUCATIONK-12:LafayetteSchoolCorp.reopeningOaklandElementarySchool;TippecanoeSchoolCorp.addingonattwoelementaryschools;LafayetteChristianSchooladdingmusicfacility.IndianaFourStarSchoolsforaccountabilityandhighISTEPscores:Cumberland,HappyHollowandMurdockelementaryschools;EastTippMiddleSchoolandWestLafayetteJr./Sr.HighSchool.
Religious:RiverCityLeadershipCollegeopeningatFirstAssemblyCommunityMinistries;toofferassociateandbachelor’sdegrees.
Purdue: $50MIndianaManufacturingInstituteunderwayatPurdueResearchPark;AsianAmericanandAsianResourceandCulturalCenterspaceopenedinStewartCenter;childcarecenterannounced.
DEMOGRAPHICSPOPULATION, 2013
Lafayette 70,373
WestLafayette 42,419
Allof TippecanoeCounty 180,174
Theregion About500,000
LABOR FORCE
LiveinTippecanoeCountyandwork About100,792
LiveandworkinTippecanoeCounty About95,601
Commuteoutof TippecanoeCounty About5,191
CommuteintoTippecanoeCounty About18,414
Sources:U.S.CensusBureau;IndianaStats,www.stats.indiana.edu
McCutcheon High School
Quick Glance | Continued
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
OVERVIEW bout60manufacturingandindustrial firmsoperateinTippecanoeCounty, employingabout15percentof theworkforceandshippingworldwide.
INDUSTRY RANKING BASED ON EMPLOYMENT Subaruof IndianaAutomotive 3,192
WabashNational 2,292
CaterpillarLargeEngineCenter 1,432
OerlikonFairfieldDriveSystems 950
Alcoa/LafayetteOperations 775
LafayetteInteriorFashions 572
EvonikDegussaCorp. TippecanoeLabs 555
Tate&Lyle,twoplants 500
TRWCommercialSteering 317
KirbyRiskServiceCenter 317
ReaMagnetWireCorp. 213
SouthwireLafayettePlant 174
OscarWinskiCo.Inc. 141
IndustrialPalletCorp. 120
NanshanAmerica 119
Landis+Gyr 115
AlloyCustomProducts 107
voestalpineRotec 107
HeartlandAutomotive 100
ProAxis 100
A
Advanced Manufacturing
KEY INDUSTRIES (listedalphabetically)
ALCOA/LAFAYETTE OPERATIONS775employeesExtrudedaluminumproducts2014:Opened$100M,115,000sf aluminumlithiumplant(world’sfirstfull-productionfacility)
ALLOY CUSTOM PRODUCTS INC.107employeesTanktrailers,pressurevessels
ANDOVER COILS LLC27employeesElectroniccoilsandtransformers
BLICHMANN ENGINEERINGHomebrewingequipment
CANTEEN CORRECTIONAL SERVICES10employeesMeal,laundryservicesforcorrectionalfacilities
CARLEX GLASS CO. 12employeesAssemble,cureautowindowpanels
CATERPILLAR LARGE ENGINE CENTER1,432employeesDieselandnaturalgasengines2015:Employmentreducedby250
CATERPILLAR LOGISTICS SERVICES INC.Trucking,warehousing
COPPER MOON WORLD COFFEE30employeesWholesalecoffee2014:Expandedfacility
CUTTING EDGE INDUSTRIAL TECHNOLOGIES LLCCustomplasticinjectionmolding,vacuumformingandmachining
BUSINESS AND INDUSTRY
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
DAYTON-PHOENIX GROUP INC.56employeesBrakingresistorsforfreight,off-highwayvehicles
ENVIRONMENTAL RECYCLING INC.Recyclingconstruction,manufacturingmaterials
EVONIK DEGUSSA CORP. TIPPECANOE LABS 555employeesPharmaceuticalcomponents
FCA MANUFACTURING36employeesIndustrialwoodskidsandboxes
GE AVIATIONLEAPengineassembly,maintenance,repair,overhaul2015:$115million,150,000sf plantunderconstructionon60acresinPark350;tohire230;constructionslatedforcompletionin2015;assemblytobeginin2016;announcedincreaseininvestmentandjobsafterinitialannouncement,formaintenance,repairandoverhaulof LEAPengines.
GRAYBAR7employeesSupplychainmanagement,logisticservices
GREAT LAKES SOLUTIONS A CHEMTURA BUSINESS2015:Facilityclosed.
HEARTLAND AUTOMOTIVE100employeesInteriorandexteriorautomotivecomponents:instrumentpanels,doors,headlinersandautobodyparts2015:$.5Mdockaddition2014:$38Maddition,tohire224morebyfall2015.
HICKSGASPropanedistributor
ICE CREAM SPECIALTIESIcecreamnovelties
INDUSTRIAL PALLET CORP./ AMERICAN FIBERTECH CORP.120employeesWoodenpallets
JESSUP PAPER BOX18employeesRigidboxes,slipcases,clamshells,gameboards,puzzles2014:MovingfromWhiteCounty;40,000sf newplantunderway.
KIRBY RISK SERVICE CENTER317employeesWiringharnessesandsubassemblies
LAFAYETTE INSTRUMENT56employeesPolygraphinstrumentationandotherhigh-techdetectionanddecision-makingdevices
LAFAYETTE INTERIOR FASHIONS572employeesCustomwindowcoverings
LAFAYETTE PUZZLE FACTORY4employeesJigsaw,sphereandchalkboardpuzzledesigner
LANDIS+GYR115employeesElectronicmetersOwnedbyJapan-basedToshibaCorp.
LIQUID SPRING LLCSuspensionsystems
M4 SCIENCES CORP.10employeesUltra-precision,electro-mechanicalmodulationdevicefordeep-holedrillingusinglow-frequencyvibrationonlathes
M.A.I.L. INC.63employeesOutsourcemailroom;catalogfulfillment
MCKINNEY CORP.18employeesRacecarchassisandcomponentmaker
MILESTONE CONTRACTORSAsphaltplant
Advanced Manufacturing | Continued
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Advanced Manufacturing | Continued
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
MULHAUPT’S INC.65employeesCustommetaldoor-frames,contracthardware
NANSHAN AMERICA ADVANCED ALUMINUM TECHNOLOGIES119employees;toincreaseto200High-endaluminumextrusionsusedinmasstransportation,automotive,distribution,industrialandelectricalindustries;train-bodymaterialforhigh-speedrail2014:Building$50Mcastinghouseandoffice.
NORFOLK SOUTHERN CORP.Railyard
OERLIKON FAIRFIELD DRIVE SYSTEMS950employeesGears,shaftsanddrives2015:$.6Mbuiltwastewaterfacility;employmentreducedby85
PACKAGING SYSTEMS OF INDIANA28employeesShippingproducts
PERRY FOAM PRODUCTS49employeesUrethanefoamsandingpadproducts
PROAXIS INC.100employeesSheetmetal,structuralsteelfabricator
RADIAN RESEARCH80employeesWatthourtestequipment
REA MAGNET WIRE CORP.213employeesMagnetwire2015:Addingadrumstoragebuilding.
ROADWORKS22employeesStainlesssteeltrucktrailerparts
Proaxis
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Advanced Manufacturing | Continued
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
SCHILLI DISTRIBUTION SERVICES Warehousing/logistics
SCHOOL DATEBOOKS75employees;125seasonallyCustomschoolcalendarssoldinternationally;onsitebindery2015:$1.1Mremodelunderway
SOUTHWIRE LAFAYETTE PLANT(formerlyColemanCableInc.)174employeesWiremanufacturing
STAG CAPITAL PARTNERSWarehouse/distributionfacilities
STEINER ENTERPRISESContractmanufacturing
SUBARU OF INDIANA AUTOMOTIVE INC.3,192employeesSubaruOutbackandLegacy;ToyotaCamry(through3rdquarter2016)Underway:$422M,.5Msf expansioncontinues;toadd100newjobs;in2014mademorethan286,000vehicles;2015productiontobeabout310,000.
SUPPLY CHAIN SOLUTIONSLogistics,trailerparts
SWIFT FUELS LLC9employeesHigh-octane,unleadedaviationfuel
TATE & LYLE, NORTH AND SOUTH PLANTS500employeesCornstarch,syrup,sweeteners2015:$65millioninvestmentfornewequipmentatsouthplanttoexpandproductionof KrystarCrystallineFructosesweetener;environmentalefficienciesatbothplants.2014completed$90Mexpansion(northplant).
TKO GRAPHIX10employeesRefurbishsemi-trailersAnnounced;notyetoperating
TOYOTA TSUSHO AMERICA INC.50employeesTire,wheelassemblyforToyota
TRW COMMERCIAL STEERING SYSTEMS317employeesSteeringgearsTwoplants2014:$13.3Minimprovements.
VOESTALPINE ROTEC GROUP 107employeesPrecisionsteel/aluminumcomponents,pedalboxspacertubes,seatbelt/airbagcomponentsforautoindustry
WABASH CENTER’S GREENBUSH INDUSTRIESContractassembly
WABASH NATIONAL CORP.2,292employeesCommercialsemi-truck,rail,platformandliquidtanktrailers;dryfreightandrefrigeratedvans;intermodalequipment;engineeredandcompositeproducts2015:$438Mnetsalesin1stQbestincompany’shistory.2014:Netincomeof $70M,upfrom$46.5Min2013;shipped57,350newtrailersin2014,anincreaseof 10,550from2013.Began2015withlargest-evernumberof trailersonorder,expecttotop2014sales.
WEE ENGINEERING INC.8employeesVacuumtanks,tanktrucks,pumpertrucks,customfabrications
OSCAR WINSKI CO. INC.141employeesScrapmetal,steelfabrication
WORWAG COATINGS LLC30employeesIndustrialpowderandliquidcoatings
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses
AOVERVIEW bout130high-tech,knowledge-based andlife-sciencebusinessesoperatein Lafayette-WestLafayette,mostinstart-upstagesandemployingfewerthanfive.ManyarecapitalizingondiscoveriesmadeatPurdueUniversityandarebasedinthePurdueResearchParkorlocatedelsewhereandaffiliatedwiththepark.
LARGEST HIGH-TECH/LIFE-SCIENCE COMPANIES, BASED ON EMPLOYMENTBASi 200
CookResearchInc. 200
CookBiotechInc. 181
ButlerAmericaLLC 180
SSCI,aDivisionof AMRI 100
EndocyteInc. 88
DowAgroSciences 80
ACellInc. 70
Note: Businesses listed alphabetically; those with no employee number listed have fewer than 5 workers.
3IDWebandappdevelopment
ABAQUS CENTRALConsulting,engineeringproductdesign
ACELL INC.70employeesTissue-engineeredbiomaterialformedicalindustry
ADVANCED AG SOLUTIONS LLCTechnology,consultingforfarmers
ADVANCED BIOIMAGING SYSTEMS LLCTechnologytodetectbacterialgrowth
ADVANCED PROCESS COMBINATORICS10employeesPlanning,scheduling,radiationtreatmentplanningsoftware
AKANOCURE PHARMACEUTICALSPlatformtoproducelarge-scale,naturalcancertherapies2015:Namedoneof 40innovativestartupsbyfounder.org
AKINA INC.6employeesDrugdeliverytechnology
ANIMATED DYNAMICS INC.Lifesciences2015:ReceivedTechPointMiraAwardfortechnologyexcellence
ARXAN TECHNOLOGIES26employeesSoftwaresecurity
ASEDASCIENCESDrugdiscovery
ASH ACCESS TECHNOLOGYMedicaldevices
ATLANTIC GREEN TECHNOLOGY INC.Biofuel,nutritionpharmaceuticalsßfromalgae
AXONIOnlinemanufacturingnetwork
BASI200employeesPharmaceuticaldevelopment,contractresearch,analysis
BATCH PROCESS TECHNOLOGIESDecisionsupportsoftwareforbatchchemicalprocessing
BIOKORF LLCLifesciences
BIOVIDRIA INC.Drugresearch2014:Received$1MgrantfromNationalInstitutesof Health
BUTLER AMERICA LLC180employeesEngineeringdesign
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses | Continued
CELLAFLORA DESIGNAppdevelopment
CHAO CENTER FOR INDUSTRIAL PHARMACY AND CONTRACT MANUFACTURING Affordablemanufacturingof trial-sizedbathesof prescriptiondrugs
CHYALL PHARMACEUTICAL CONSULTING LLCAdvisesonoptimizingpharmaceuticals’properties
CONCORDANCE HEALTHImprovingmedicationcompliancethroughpharmacist/providerpartnership
COOK BIOTECH INC./COOK GROUP169employeesTissueengineeringresearch;develops,makeswoundcare/surgicalrepairproducts
COOK RESEARCH INC.220employeesProductdevelopment,pre-clinicalandclinicaltesting,andregulatoryapprovalservicesformedicaldevices
COPIENT TECHNOLOGIES/ NCR CORP.11employeesPoint-of-saleand-purchasehardware,software
CPRECISELY INC.Imagingsoftware
COVIDEO SYSTEMS9employeesWeb-basedstreamingtechnologyservices
CRUISE SOFTWARERetailindustrysoftwareproducts
CURXCELDrugdiscovery
DATTUS8employeesAdvancedmanufacturingsoftware
DELMAR INFORMATION TECHNOLOGIES LLC10employeesCustomsoftwaredevelopment
DELPHI DELCO ELECTRONICS SYSTEMSAutoelectronicsdesignlab
DEVELOPMENT CONSULTANTS INC.Materialsdesign,manufacturingconsulting
DOW AGROSCIENCES80employeesResearchfacility,greenhouse,seedqualitycontrollab
Dow AgroSciences
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DRUG-FREE THERAPEUTIX LLCLifesciences
DUFFEKDevelopsmobiledeviceapplications,games
E-LANGUAGE LEARNING LLCLanguagesoftwareformonitored,individuallessons
EITAC SOLUTIONS GROUP10employeesProductstoenhancecomputerusebythosewithlowvision
EN’URGA INC.10employeesOpticaldiagnosticequipment
ENDOCYTE INC.88employeesDrugdeliveryresearch
ENERGY TECHNOLOGIES LLCEnergy
EXECUTIVE AUTOMATION LLCSoftwaredevelopment,consulting,training
FAVORED GRAINSeedbusiness
FAVORED INC.7employeesMilkwithnutrients,supplements
FLIR SYSTEMS INC.31employeesMassspectrometerdevelopment
FOUNDOPSSoftwaresystems
FROSTY LLCWebsitedevelopment
FUTAGO INC.Chemicalindustryrelated
FUTURAGENE INC.14employeesPlantgenediscovery
GENPORT NORTH AMERICA CORP.High-energyelectricgenerators,batteries
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses | Continued
GH LLC37employeesSoftware,Brailletextbooks,otherlearningproductsforpeoplewithsightchallenges
GREENTECH AMERICA INC.5employeesDevelopsandcommercializesyeast-basedcellulosicethanoltechnology
HEMOCLEANSE INC.Medicaltechnology
HNTB LIDAR LABOptimizes,leverageslightdetectionandrangingdataforcivilengineeringapplications
IMAGINESTICS LLC24employeesSoftwareconnectiontoolsformanufacturingandlifesciences
IN SPACE LLC5employeesJetpropulsiontechnologydevelopment
INDEPENDENCE SCIENCE LLCConsultswithschoolstoprovideassistivevisiontechnologies
INDIANA FIBER TECHNOLOGYDevelopinglight-weightbio-aggregates,biofuels
INDIANA MICROELECTRONICS LLC6employeesDesigns,makesradiofrequency,microwavefilters
INFOCOMM SYSTEMS INC.Securityconsulting,research
INMASS TECHNOLOGIES INC.Soil,bio-remediation
INVIVO VENTURES LLCFormscompaniesfromPurdueresearchfindings
IVDIAGNOSTICS LLCDevelopingcancerdiagnostickits,imagingsolutions
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses | Continued
JANUS BIOSYSTEMS5employeesLipidmaterialsresearch
JEWELL LABORATORIES LLCDevelopingtherapeuticsforNiemann-PickTypeCdiseaseandothers2015:ChangednamefromAtenBiotherapeutics
KARYOZEN LLCCellsorters,flowcytometersforlifesciences/healthcareindustries
KINASENSE LLCLifesciences
L.S. TECHNOLOGY INC.Softwareforhandheldcomputers
LIFE PLUS LLC26employeesToxicologyservices,testing;medicaldevices;helpsothersmeetChineseregulationsonchemicalpurchases/sales
LITE MACHINES CORP.8employeesRadio-controlledhobbyhelicopters;high-techsurveillanceequipment
LOADOUT TECHNOLOGIES LLCMobiletechnologysolutionsforagriculture,industry
MAGSENSE LIFE SCIENCES6employeesMagneticparticleseparationforresearch,diagnostics,drugdevelopment
MED INSTITUTE/COOK GROUP22employeesProductdevelopment,pre-clinicalandclinicaltesting,andregulatoryapprovalservicesformedicaldevices2015:BeganofferingservicesoutsideTheCookGrouptoexternalmedicaldevicecompanies.
MEDTRIC LLCLifesciences
METRONETInternetaccess,allfiberoptic2014:Providing1gservicetoresidencesandbusinesses.
MOBILE ENERLYTICS LLCEnergystorageforsmartphones
MOERAE MATRIX INC.Developingdrug-tissuescaffoldproductstoimprovesofttissuehealing,regeneration
MOR-NUCO LLC21employeesDevelops,commercializesproteintechnologyforearlycancerdetection
MPLEXUSMedicalimagingsoftwareforInternettransmission
MUDAWAR THERMAL SYSTEMS INC. Thermalmanagementdevices,phase-changesystems
GERALD P. MURPHY CANCER FOUNDATION6employeesNonprofitcancerresearchinstitute
NANO-META TECHNOLOGIES INC.6employeesNanomaterials
NANOSENSE INC.Nanotechdevicesformedicaldiagnostic,therapeuticapplications
NANOVIS LLCNanosurfacedimplants;nanostructuredbiomaterials
NEMOCO LLCNanoscaleelectronics
NEURO VIGOR LLCLifesciences
NGENX CORP. Providestechnologyinfrastructure;developshostedITapplications
NOX TECHNOLOGIESCancerdetectionresearch
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses | Continued
ODDITSOFT INC.Software,consulting
OMEGA MICRO TECHNOLOGIESCeramicsubstratesforelectronicdevices
ON TARGET LABORATORIES7employeesCancerresearch,fluorescentimaging2015:$2MinfundingreceivedfromNationalInstitutesof HealthandFoundryInvestmentFund.
OPTICAL THERAPEUTIC TECHNOLOGIESFluorescentprobesforcancersurgeryimaging
PANOPTIC INSIGHT LLCConsultingonsecurity,innovationrelationships
PARSEC SOLUTIONS LLCEngineeringconsulting;multi-phasefluidsystems
PASSAGEWAYS LLC36employeesBusinesswebportalmanagementsystemsforfinancialandothercompanies
PERFINITY BIOSCIENCES INC.4employeesSamplepreparationtechniques/toolstofacilitatemassspectronomy
PHLEBOTICS INC.Develops,makesmedicaldevices
PRIMA SPECIALTY VECTORS LLCUtilizesPurdue-licensedtechnology
PURDUE ENTERPRISE CO. Technicalconsulting
QUANTION TECHNOLOGIES INC.High-techusingmassspectrometry
QUEST GLOBALAgriculturalsoftware2015:LocalstartupsoldtoQuest;openedlocaloffice
SAGAMORE-ADAMS LABORATORIES LLCStartupresearch,developmentandcustomizedtechnologicalproductsupplybusiness
SCALE COMPUTING5employees;30,IndianapolisEnterpriseclass,scalablegridstorage
SCHOOLHOUSE PARTNERS LLCGrantwriting,grantsdatabase
SENSIENT FLAVORS AND FRAGRANCES LLCMakescolors,flavors,fragrancesforfood,beverages,cosmetics,pharmaceuticals,imagingsystemsandothers
SENSORHOUND LLC9employeesSoftwaredevelopment
Passageways
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
High-Tech | Life-Science Businesses | Continued
SIMULEX INC.8employeesSimulationproductsfordefense,business
SORIAN INC.Researchservices
SPEAK MODALITIES LLCSoftwaretoassistinlanguageskillsdevelopment
SPECTRACODE INC.Imagingsystems
SPECTRALINE INC.Onlinequalitymonitoring
SPEECHVIVE INC.Assistivetechnology
SPENSA TECHNOLOGIES14employeesPrecisionagriculturetechnologies2015:Addinga$.6Mexpansion;received$1.3Mininvestmentfundingand$200,000fromPurdueFoundryInvestmentFund.
SPERO ENERGY INC.5employeesConvertingchemicalsfromrenewablesourcestofragranceproducts2015:Co-founderIanKelinnamedtoForbes30Under30UpcomingStars.
SSCI INC., THE CRYSTALLIZATION EXPERTS, A DIVISION OF AMRI100employeesContractresearch,analyticallab2015:AcquiredbyAlbanyMolecularResearchInc.
STORMFRONT PRODUCTIONS INC.14employeesWebdesign,videoproduction,branding
SYMIC BIOMEDICAL5employeesTherapeuticsformultipleconditions
SYPRIS RESEARCH CENTER5employeesInformationsecurityforgovernment,aerospace,defensemarkets
TECMARK INC.Emergencyresponse,restorationcontractormanagement
THIRTYSIX SOFTWARE LLCIntuitivedatacontentmanagementsolutions
THREE.COMWebhosting,internetmarketing
TIENTA SCIENCES INC.Infrared,massspectrometryinproteindiscovery,analysis
TISSUE SOURCE INC.Animaltissueforregenerativemedicine
TRICLINIC LABS18employeesConsulting,labworkforsolid-statechemicaldevelopment2015:Builtnew$6M,18,000sf headquarters;toincreaseemploymentby10
TYMORA ANALYTICAL OPERATIONSTestingcancerdrugs’effectiveness
VASC-ALERT8employeesDialysisdiagnosticproduct
VISION ADVANTAGE LLCHelpsautodealersincreaseprofits
VIBRONIX INC.Lifesciences
VIVUSNET CORP.DigitalCanvas,multi-mediaadvertisingproduct
VOCARE INC.Telemedicinesystem
WESTECH CONSULTING CO. INC.Businessconsultingwithemphasisontoolssuchaslean,SixSigmaandToyotaproductionsystem
WINTEK CORP.13employeesBusiness-classInternetserviceprovider,directfiber-basedprovider
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OVERVIEW
everalco-workingandshared-space facilitiesoperateinGreaterLafayette.
The Anvil, anonprofitco-workingandbusinessincubatorfacilityopenedin2013forPurduestudententrepreneurs;nowlocatedat320NorthSt.,ownedbyPurdueResearchFoundation.Membersnowtotal80,and10companieshavelaunchedfromthefacility,withproductssuchaseducationmaterials,musicmanagement,fooddeliverysystemandwebsitedevelopment.Facilityissupportedbycityof WestLafayetteandPRF;opentostudentsandcommunity.Membershipsare$10amonthforstudents;$30forothers.
The Bindery Artist’s Studioopenedonthesecondfloorof LafayettePrinting,511FerrySt.with13studiosandsharedclassroom,lobbyandgalleryspace.
MatchBOX Coworking Studio openedits10,000sf downtownbuildingin2014;equipmentincludeslasercutter,3Dprinter,industrialsewingmachine;operatedbynonprofitcorporation;cityof Lafayetteandpartnersfunded$1.75Mrenovation.Atmid-year2015membershipstotaled150,workingingraphicdesign,webdevelopment,programming,videography,tutoring,writingandmore.Membershipsbeginat$360ayear.
Purdue Foundry:In2015,funded$200,000eachtoFASTBioMedical,Indianapolis;SpensaTechnologies,WestLafayette;andSymicBiomedical,SanFrancisco,fromits$12Minvestmentfundestablishedin2014.
CO-WORKING FACILITIES
S
The Bindery Artist’s Studio
G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
I have asked Terry for a picture
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
OVERVIEW reaterLafayetteishometonumerous professionalandservicebusinesses— architects,attorneys,accountants,advertisingagencies,customercarecentersandothers.
Majorbanksinclude1stSource,Centier,FarmersandMerchants,FarmersState,FifthThird,FirstFinancial,FirstSource,FountainTrustCo.,Huntington,JPMorganChase,Kentland,LafayetteBankandTrustCo.,LafayetteCommunity,OldNational,Regions,Salin,SecurityFederal;creditunions:PurdueFederalCreditUnion,IndustrialFederalCreditUnion,StaleyCreditUnion.
Largestinsurancefirms:StateFarmInsuranceregionalofficeemploying545;AllState,AmericanFamily,BundyMcNear,HenriottGroup;MBAHInsurance;TuckerInsurance.
G
Professional | Services | Warehousing
RECENT ACTIVITYFINANCIAL INSTITUTIONS
Old National Bank acquiredandinearly2015renamedallLafayetteSavingsBankoperations.
Purdue Federal Credit Union isremodelingUnionStreetbranch.
OTHER NEW SERVICE BUSINESSES
Family Realty Groups
Kevin Bol Commercial Group
TCB Auto Service
WAREHOUSING
Warehousespaceisavailablethroughvariousfirms,includingApex/SchurmanLange,INOK,SuperiorStructures,Warehouseof LafayetteLLCandWinstead.Underway:
Lafayette Auto Supplybuildinganewwarehouse
Stoddard Warehouseaddinga$4.2MfacilityforTate&Lyle
Henriott Group
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
OVERVIEW argestshoppingvenuesareTippecanoe Mallwith840,000sf andmorethan100 stores,includingMacy’s,Kohl’s,Sears,JCPenney,HHGreggandDick’sSportingGoods;andLafayettePavilions,covering404,000sf,withFreshThymeFarmersMarket,TJMaxx,ColdStoneCreamery,Gordman’sandothers.Othervenues:downtownLafayette,TippecanoeCourt,LafayetteMarketPlace,WabashLanding,UniversitySquareandChaunceyVillagedistrict.
Thecommunityishometonearly270differentrestaurantswithacombined360sites.Restaurantsrangefromethniceateriestonationalchains,and28hotelswith2,430rooms,fromfull-servicebusinessclass(BestWesternLafayetteExecutivePlaza,CourtyardbyMarriott,FourPointsbySheratonWestLafayette,HolidayInnCityCentreandPurdueUnionClubHotel)toextendedstay(HomewoodSuites,TownePlaceSuitesbyMariottandCandlewoodSuites).
DowntownLafayette-WestLafayettehasbeendesignatedanofficialculturaldistrictbyIndianaArtsCommission,withthreeareas:ChaunceyVillage,Riverfront,ArtsandMarket.Downtowncovers92squareblocks:MainStreet,theLevee,WabashLandingandChaunceyHillMall.Morethan250businessesoperateinthisarea,whichalsoisagrowingresidentialhubwithabout160condominiumsoutof some600housingunits.
RECENT ACTIVITYLODGING
Courtyard by Marriott, $5Mexpansion,added32rooms,15,500sf indoor/outdoormeetingspace.
Hampton Inn, $1Mexpansion andrenovationcompleted.
TownePlace Suites by Marriott,$600,000remodelcompleted.
Whittaker Inn plannednearHarrisonHighSchool,15-18rooms,eventspacefor40,ownerlivingonsite;toopenin2016.
RETAIL
15retailersopenedorannouncedsofarin2015:
Bella Beige
County Line Emporium
Family Pantry
Friendly Market
Genius Phone Repair
Great Clips, Greenbush
Halsema Custom Crafts
Lam’s Nail and Spa
Las Perlas Tapatia
Main Street Books
O’Reilly Auto Parts
Richelle in a Hand Basket
Right Guys Auto
Sacred Apple Tatoo
West Side Tractor
Retail | Hospitality | Tourism
L
Heisei Japanese Restaurant
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Retail Remodel
Meijer,$5.5M
Mike Raisor Mercedes-Benz,addition/remodel
Tuesday Morning,move/remodel
AUTO DEALERSHIP
Mike Raisor Volkswagen and Audi,$5.7Mnewbuildingunderconstruction,toopen2016
RESTAURANTS/NIGHTLIFE
14restaurants/nightlifespotsopenedorannouncedsofarin2015:
Another Broken Egg
Bobby T’s Beer, Booze & Barbecue
Cheddar’s Casual Café
Cozy Tavern
Crabby Mike’s BBQ
Digby’s Pub & Patio
Gigi’s Cupcakes
Heirloom
Honeybaked Ham, downtown
Noodles
Pete’s Diner
Restauration
Three O Eight
Stacked Pickle
TOURISM/RECREATION
Climb Lafayette opened
Elite Air Trampoline Parkopened
Lafayette Country Clubbuildingnewpoolhouse,remodelingproshop,fitnesscenterandclub
Visit Lafayette-West Lafayette reports 3.5millionvisitorsannuallygeneratemorethan$309millionindirectexpenditures;nearly6,600employedintourism-relatedbusinesses.
Information Kiosks:VisitLafayette-WestLafayettepartneredwiththecitiestoinstall27informationkiosks,withmoreplanned;tobeupdatedtwiceayear.
TRANSPORTATION
GreaterLafayetteisservedbyAmtrakpassengerrail,GreyhoundbusandinthecommunitybyCityBus.
News: CityBusadded10CNG-fueledbusestoitsfleetandcompletedconstructionof aCNGfuelingstation.
Retail | Hospitality | Tourism | Continued
OVERVIEW ustainableenergyisafocusinthe county,demonstratedbythreewind turbinesinstalledatCityBustopoweritsfacilities,othersslatedforinstallation,andatwo-yearprogramatIvyTechCommunityCollegecoveringturbines,solarpanelsandothersystems.
RECENT ACTIVITY
Purdue Energy Park,a$40MPerformanceServicesproject,proceedinginnorthwestTippecanoeCounty;buildingadozen432-foottowers,1.7megawattseach;Purduetouseforopportunitytogatherdata,developcurriculumandofferhands-ontraining.
Sustainable Energy
S
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OVERVIEW
reaterLafayette’seconomic development,government,education, businessandindustrygroupscollaborateonanumberof community-wideefforts.
Advancing Manufacturing: We Have Jobs Here, We Have Training Here. We Have Internships Here. Launchedin2012byGreaterLafayetteCommerce,IvyTechCorporateCollege,Region4WorkforceBoardandWorkOne,amongothersupporters,thisprogrammatchesjob-seekerswithemployersfordirect-hirejobs.Italsooffersscholarship-fundedtrainingforthoseneedingit.ThroughAugust2014,225peoplehadearnedtheCertifiedProductionTechniciancredential,with22employersparticipatingintheprogram.TheTippecanoeCounty-basedprogramisnowservingasamodelforfourothercommunitiesinIndianalaunchingsimilarprograms.
www.advancingmanufacturing.com
Amtrak: Save the Hoosier State Campaign. GreaterLafayetteCommerce coordinatedastatewidecampaigntosavetheAmtrakHoosierStateline(IndianapolistoChicago),hostingasummitattendedbyhundredsandbringingallpartiestothediscussion;resultedinone-yearcontinuationof dailypassengerrailservice.Thatwasextended,andeffortsareongoingtocontinueit.
Community of Choice. GreaterLafayetteCommerceiscoordinatingmultipleactivitiesfollowingstudyandimplementationof aplantomovethecommunityfromgoodtogreat.Infall2012,125volunteersoneightteamsbeganaddressingareasthatincludediversityandinclusion,downtownvitality,thearts,economicdevelopment,transportationandPurdue/communityrelations.Activitiestofullyimplementtheplancontinue.
www.greaterlafayettecommerce.com
Intersection Connection isa collaborationof communityorganizationsformedin2007toco-locatecomplementaryyouthdevelopment,highereducation,financialliteracy,andhealthandwellnessservicesontheIvyTechCommunityCollegeLafayettecampus;amajorgoalistobuildafacilitythatwillhouseanewYMCA,onsitechildcare,JuniorAchievementof GreaterLafayetteandanIUHealthArnettclinic.Bymid-year2014,thegrouphadraised$13million;totalgoalandtimelinenotyetannounced.
www.intersectionconnection.com
Read to Succeed, bornlearning Academies. Launchedin2011andexpandedeachyearsince,ReadtoSucceedinvolvesGreaterLafayetteCommerce,UnitedWayof GreaterLafayetteandthecommunity’sthreepublicschoolcorporations,bringingsome600volunteerstoall19elementaryschools.Itreceiveda2014Primacyof PlaceCommunityAwardfromBallStateUniversity’sBuildingBetterCommunities.In2015,HenriottGroupwonanationalcommunityserviceawardforitsworkontheprogram,landing$5,000fortheUnitedWay.Aneweffortlaunchedin2014atfiveschools:bornlearningAcademies,aonce-a-monthprogramforparentsandpreschoolers,willaddfivemoresitesinfall2015.
www.readtosucceedgreaterlafayette.org
Wabash River Enhancement Corp.Thisnonprofitinvolveslocalgovernmentsandothersinstepsneededtobringdevelopmenttotheriverarea.Updateof thenorth-reachsectionof thecommunity’sTwoCities,OneRivermasterplanfortheLafayette-WestLafayetteurbanriverfrontisunderwayandprojectedtobedoneinearly2016.Schematicdesign/engineeringfortheriversidepromenadeinthecentralreachhasbegun,incoordinationwiththe101MainStreetdevelopmentprojectindowntownLafayette;finaldesignandconstructiondetailshavenotyetbeenreleased.Thecorporationisplanningtocoordinatedesignandengineeringworkfortheentirecentralreachof themasterplanwiththeupcomingStateStreetdevelopmentprojectin2015-16.It
G
COMMUNITY
Initiatives
G R E AT E R L A FAY E T T E C O M M E R C E
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alsoacquiredtwomorestrategicproperties,bringingthetotalacquiredto17,valuedatmorethan$6.3M.Italsocontinuestoimproveriverwaterqualitythroughitswatershedmanagementprogram,workinginthreesub-watershedsandimplementingthelatestroundof its$550,000cost-shareprogramtoinstallurbanandagriculturalwaterconservationbest-managementpractices.Additionalfundsarebeingsoughttocontinuethis.
www.wabashriver.net
Regional Economic Growth, Quality of Life Strategic Plan. Localindustry,academiaandorganizationleadersaredevelopingrecommendationsforaregionalstrategicplantodriveeconomicgrowthandenhancequalityof life.FundedbyaLillyEndowmentgrantthroughtheCentralIndianaCorporatePartnersFoundationandconvenedbyTheCommunityFoundationof GreaterLafayette,thegroup’syear-longworkin2015willfocusona10-countyarea—Benton,Carroll,Cass,Clinton,Fountain,Montgomery,Pulaski,Tippecanoe,WarrenandWhitecounties.Thefinalplanisexpectedbyearly2016.
Read to Succeed. Launchedin2011andexpandedeachyearsince,thisprograminvolvesGreaterLafayetteCommerce,UnitedWayof GreaterLafayetteandthecommunity’sthreepublicschoolcorporations,bringingvolunteerstoelementaryschools.Some600volunteersnowserveall19elementaryschools.
Itreceiveda2014Primacyof PlaceCommunityAwardfromBallStateUniversity’sBuildingBetterCommunities.Aneweffortalsolaunchedatfiveschools:BornLearningAcademy,amulti-weekprogramforparentsandpreschoolers.
www.readtosucceedgreaterlafayette.org
Wabash River Enhancement Corp.Thisnonprofitinvolveslocalgovernmentsandothersinstepsneededtobringdevelopmenttotheriverarea.Recentactivitiesincludecompletionof abywaymanagementplanforthestate-designatedRiverRoadScenicByway;completionof a$550,000stategrantprojecttocleanupakeycorridorindowntownLafayette,readyingitformixed-usedevelopment,atrailandgreenspace;andworkonacorridor-wideloopedtrailsystem.In2014,thecorporationsecured$275,000inlocalfundingtoupdatethenorthreachsectionof itstwocities,arivermasterplanfortheLafayette-WestLafayetteurbanriverfront,whichwillfocusonthere-useof theformerLafayettemunicipalgolf course,aprojectthatwillbeinginspring2015.Thecorporationalsoacquiredtwomorestrategicproperties,bringingthetotalto15,valuedat$5.9M,anditcontinuesitsworktoimprovetheWabashRiverwaterqualitythroughitswatershedmanagementprogram,workinginthreesub-watershedsandinstallingmorethan$1Minurbanandagriculturalconservationbest-managementpractices.
www.wabashriver.net
Media
OVERVIEW hecommunityisservedbyadozenFM andAMradiostations,including WBAA,aNationalPublicRadioaffiliate;televisionstationWLFI-TV(CBSaffiliate);adailyGannettnewspaper,the
TJournal&Courier;aweekly,TheLafayetteLeader;thePurdueExponent,publishedduringtheacademiccalendar;Lafayettemagazine(quarterly);JustKidding!,amonthlynewsletterof children’sevents;andonline,MacaroniKids-Lafayette.
INITIATIVES | Continued
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ECONOMIC TRENDS
Medical
GOVERVIEW reaterLafayetteandthesurrounding 18countiesareservedbyseveral hospitals,numerousmulti-physicianclinics,ambulatorysurgerycentersandrehabilitationfacilities.
Indiana University Health Arnett operatesa$228M,400,000sf,full-servicehospitalopenedin2008with191beds,fiveoperatingrooms,emergencycare(LevelIIItraumacenter),neonatalintensivecare,on-demandfoodserviceandadjacenthelipad.Withanambulatorysurgerycenter,15GreaterLafayettephysicianofficesandfourmoreinadjacentcounties,twourgent-carefacilitiesanditsfull-servicehospital,IUHealthArnettoffersintegratedhealthcare.Itemploysmorethan250physiciansandproviders,some550registerednursesandmorethan1,260supportstaff.
Franciscan St. Elizabeth Health operatesFranciscanSt.ElizabethHealthEast,a$192million,410,000sf,full-servicehospitalopenedin2010.Ithas150privaterooms,stand-alonewomen’scenter,eightoperatingsuites,27emergencydepartmentbays(LevelIIItraumacenterdesignationinprocess),14neonatalintensivecaresuitesandroomservicedining.St.ElizabethCentralhospitalprovidesmedicalservices,psychiatriccare,andinpatientandoutpatientrehabilitationservices.TheFranciscanPhysicianNetworkoffersprimary,specialtyandmentalhealthcare,primarilyfromtwoeast-sidemedicalofficebuildings.TheFranciscanSt.ElizabethHealthsystememploys85physicians,3psychiatrists,701registerednursesand1,782supportstaff.
Unity Healthcareisacomprehensive,multi-specialtyhealthcareproviderwithsatelliteofficesandpractitionersthroughoutNorthCentralIndiana.Itemploysmorethan650,includingmorethan80physiciansinsome28specialtyareas.Thoseincludeallergyandasthma,anesthesiology,familymedicine,gastroenterology,generalsurgery,immediatecare,internalmedicine,
medicaloncologyandhematology,nephrology,neurology,occupationalmedicine,ophthalmology,orthopedics,orthopedicspinalsurgery,otolaryngology,outpatientphysicalandoccupationaltherapy,outpatientsurgicalcenter,painmanagement,pediatrics,plasticsurgery,podiatry,psychology,radiationoncology,radiology,urologyandwoundcare.
OtherhealthcareprovidersareRiggsCommunityHealthCenter,forthemedicallyunderserved;RiverBendHospital,whichprovidesmentalhealthcare;andSycamoreSprings,aninpatientpsychiatricandsubstanceabusetreatmenthospital.
RECENT ACTIVITY
Openings
IU Health Arnett Cancer Center renovation
Evans Eye Care
NewhospicecarecentertoopenatW.720Navajo
Under way
Franciscan St. Elizabeth Health Cardiac Rehab and Pulmonary Rehab
IU Health Arnett Hospital Medical Office Building, $20M,78,000sf facility;expecttoseepatientsearly2016
Joyful Journey, An Adult Day Service, $1M,5,000sf facility,toaccommodateupto25atonetimefornonmedicalcare;nonprofit;openingmid-2015.
Other
IU Health Arnettopeningoutpatientmentalhealthclinic,hiringtwopsychiatrists;Franciscan St. Elizabeth Healthaddingsecondandthirdpsychiatriststoexpandoutpatientbehavioralhealthcare.
Franciscan St. Elizabeth Health acquired 28acresalongnewU.S.231;plannedusenotyetannounced
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Nonprofit Sector
RECENT ACTIVITY1852 Foundation formedtopurchaseFowlerHousefromTippecanoeCountyHistoricalAssociationfor$650,000;investing$400,000andreopeningasaneventventure
A social services engagement center,withservices24/7,isbeingjointlycreatedbylocalgroupsforthosewithhousingneeds;LafayetteTransitionalHousingiscoordinating..
Clear River Church building$3Mchurchdowntown.
The Community Foundation of Greater Lafayette,whichmanagesendowmentsandfundsforindividualsandorganizations,disbursednearly$1.1Mingrantstomorethan87nonprofitsin2014,andestablished24newendowmentfunds.
First Assembly Community Center toopenfall2016informergrocery;toofferyouthministry,daycareandpubliceventvenue.
Food Finders Food BankisremodelingaformerchurchandopeningtheFoodResourceCenter,whichateachingkitchen,classroomsandfooddistribution35hours
aweek,includingtwoeveningsandeightweekendhours.
Right Steps Child Development Centers movingDurganSchoolsitetoCreasyLane.
United Way of Greater Lafayette toppedits 2014campaigngoalof $5Mby$719;theagencyprovidesfundingfor23localsocialserviceorganizations.
Wabash Center builtandopenedthreenewresidentialgrouphomes,tohouse3ineach
Willowstone Family Services isthenewnamefortheformerFamilyServicesInc.,a50-year-oldnonprofitprovidingcounseling,alcoholanddrugassessmentandintervention,homecareservicesandnew-parentresources.
YWCA renovatingOppenheimerHouse,604N.SixthSt.,fornewwomen’sshelter($.9M).
Remodeling
Alpha Gamma Delta,$1.4M
Beta Mu Chapter House,$3.6M
Delta Mu Chapter Alpha Phi,$600,000
Farmhouse Fraternity,$6.2M
The Fowler House: , 1852 Foundation
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ECONOMIC TRENDS
Public Works
FIBER
NumerousfirmsofferInternetandfiberservicestobusinessandhomes,rankingthecommunityaheadof thepackforavailability(seehigh-techlistings).
RECENT NEWSTRANSPORTATION
CityBus addedsixCNGbuses,built$3.3MCNGfacility;thefirstpublictransitintheU.S.toaddsuchafacility;opened2015;CityBustosave$10Mover10years.
ROADWORK/SEWER WORK/WASTEWATER
Lafayette 2015: $25Minstreetwork,$6.9Mof itindowntownstreetscapes
West Lafayette 2015:$14.8Minstreetandsidewalkwork;$5MTodd’sCreekrelocationproject,namedWesternGatewaydistrictdrainageimprovement,forareaof futuredevelopment,nowinplanningstage.
Tippecanoe County 2015:$3.9Minbridgeandroadwork;purchasingformerbankforoffices;HoosierHeartlandCorridorStrategicEconomicDevelopmentPlanbeingdevelopedfornewlycompletedhighwayandIndiana25/Interstate65interchanges.
Interstate 65 beingwidenedtosixlanesinan$82.8millionstateprojectfromSR25toSR38inTippecanoeCountybeginningmid2015andfinishinglate2017.
PARKS/COMMUNITY FACILITIES
Lafayette: $3.4MinimprovementsatRiehlePlazaandpedestrianbridgeunderway;$2Mrenovationof LongCenterfor
thePerformingArts;LibraryParkbeingcreatedatformerRedCrownMiniMuseum;FairgroundsCourt,outdoorbasketballcourts,openedatTippecanoeCountyFairgrounds,asix-partnerendeavor;cityreceived$50,000stategrantforfivecentercityartprojects,includingasculpture,twoalleymurals,twoartpadsforfuturesculpturesandcrosswalkdécorat10thandMainriverfrontpromenadenear101Maindevelopmentannounced,toopen2017or2018.
West Lafayette:HappyHollowParkgota$50,000upgradein2014;another$150,000inupgradesplannedoverthenextfewyears.
Tippecanoe County purchasingformerdowntownbankfor$765,000;investing$1.2Monremodeling;inlatesummer2015tomovepublicdefenders,courtservicesandprobationdepartmentstothe30,000sf building.
Tippecanoe County Public Library tobuild$2Meastsidebranchin2015.
ANNEXATION/MASTER PLAN
West Lafayette in2014 annexed3,977acres,includingPurdueUniversitycampus,extendingcitylimitstoUS231bypassandincreasingcity’ssizefrom7.62squaremilesto13.84squaremilesandadding12,000peopletoitspopulation.
Cityof WestLafayetteandPurdueUniversityarepartneringtoadvancetheState StreetRedevelopment Project,transformingStateStreetfromtheWabashRivertoU.S.231intoasafe,pedestrian-friendlyhubwithwidersidewalks,greenspacesandbikepaths.Constructionplannedfromspring2016through2018;estimatedcostbetween$60Mand$120M.
Plans call for reinventing State Street in West Lafayette.
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AOVERVIEW monglocalrealestateagencies (alphabetical):KevinBolCommercial Group,CandorRealty,Castleview,ColdwellBankerShook,CommercialBrokers,Fields,KellerWilliams,PrudentialIndiana,ReMax,CathyRussell,FCTucker,LenWilson,WMDProperties.
Amongtopresidentialbuilders:CitationHomes,CornerstoneHomeBuilders,GreenGooseHomes,KalanHomes,KomarkLtd.,SpireGroup,TempestHomes;commercial:HagermanConstruction,KellyConstructionof Indiana,KettelhutConstruction,T.L.Kincaid,MilestoneContractors,NorfleetBuilders,SuperiorStructures,TectonConstructionManagement,Tri-TechConstructionandWeigandConstructionCo.Related:KirbyRiskElectricalSupply,TheSchneiderCorp.,ScholerCorp.,TBIRDDesignServicesandTillettEngineeringServices.
Purdue Research Park of West Lafayette:200acresof 725-acreparknowhaveinfrastructure.Currently,theparkhas51buildings;1.3Msf isownedorleasedby160companies;about3,200employeesworkinthepark(largestfirmisStateFarmInsurance,535employees).Theparkhas350,000sf of incubatorspace,thelargestuniversity-affiliatedbusinessincubationcomplexinthenation.DesignatedanIndianaCertifiedTechnologyParkin2003,allowinglocaloptionandstateincometaxesfromemployeestobecollectedinadevelopmentfund.Parkhasa$1.3BeconomicimpactonIndiana.
Innovatech Development,aprivatelyownedfacility,offerscleanroom,wetlabandhigh-techmanufacturingspaceforleaseatPurdueResearchPark.
RECENT ACTIVITYMIXED-USE COMMERCIAL DEVELOPMENTS
Opened
720 Northwestern (jointventure:CampusAcquisitions/StreetCapital),five-story,mixeduse,retail/apartmentproject;twolevelsof undergroundparking,405spaces;apartments:490beds;retail:FreshCity
Marketgrocery,bookstore,RegionsBankandfast-foodrestaurantsongroundfloor.
Hayes Triangle (and Seng-Liang Wang Hall), 516Northwestern: four-story,$38.9Mbuilding500blockof Northwestern,retailongroundfloor;PurdueCollegeof Engineeringspaceabove.
Under Way/Announced
101 Main Street, five-storybuilding tohaveundergroundparking,96luxuryapartments,OldNationalBankregionalheadquarters,restaurant/retailspace,124-spaceparkinggarage;35surfaceparkingspaces;$24MprojectbyDeylenRealtyDevelopment;tobreakgroundSept.2015;toopenfirstquarter2017;toconnecttoplannedriverfrontpromenade.
225 Northwestern, 5-storyresidential/commercial,44apartments,5,300sf of retailongroundfloor.
Purdue Research Park Aerospace District, announcedin2015,withplansfora980-acresitetoencompassPurdueAirport,LafayetteAviationandMauriceJ.ZucrowLaboratories;toalsoincludeopportunitiesforaerospacecompanieswantingtocollaboratewithPurduetobuildresearchanddevelopmentfacilities.SitehasbeennamedanIndianaCertifiedTechnologyParkbytheIndianaEconomicDevelopmentCorp.A$48MRollsRoycefacilityisapotentialdevelopmentatthesite.
Regal Valley Commons,$30Mretail/commercialdevelopment,VeteransMemorialParkway,on29acres.
Residential/Multifamily
Centennial Townhomes: DeveloperJohnTeibelbuilding12two-storytownhomes;firstfourtobecompletedin2015;constructioncontinues.
Cumberland Proper: J.C.Hart,Carmel,developing266-unitplanneddevelopment,westendof Cumberland,19acres,toinclude24apartmentbuildings,11duplexes,clubhouse,EnglishTudorstyle;$20M;constructionunderway.
Lakeshore, 53unitsof multi-familyhousingplannedin2014.
Morris Rentals, $1.2Mprojectunderway.
Real Estate/Developments
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Regency Springs Apartments (JohnScheumann,CrestProperties),64-unitapartmentbuilding,undergroundparking,4thandAlabamadowntown,$5M.
South Street Station, Salisbury/Littleton,$5.7Mfour-story,46-unitcomplexunderway.
SENIOR LIVING
Aster Place: $24.6MfacilitybyAmericanSeniorCommunitiesopenedon9.5acresinCascadaPark;115unitsplus18independentlivingapartments;assistedlivingapartments,memorycare,gardenhomes.
Home Place Senior Apartments, informermedicalofficebuilding,40units,3-stories,inplanningstage.
The Springs at Lafayette (MainstreetProperties of Carmel,operatedbyTrilogyHealthServices),opened$14Massistedlivingfacility,formerHomeHospitalsite;100beds,singlestory,68,000sf,employing120.Facilityincludescafé,hairsalon,theatre,courtyard,pedestrian/biketrailtotietoColumbianPark.
Westminster Village investing$35Minnewhealth/fitnesscenterand54residences(inthreebuildings)calledTerracesatWestminster;units1,655sf to2095sf each.
BUILDING/SALES ACTIVITY
Residential sales,allof TippecanoeCounty
2015: [1stQuarter]392propertiessold, $61.2M,averageprice$156,122 [2ndQuarter]719propertiessold, $120M,averageprice$166,898
2014: 2,092propertiessold,$327.5M; averageprice$155,952
2013: 2,148propertiessold,$322.1M; averageprice$149,953
2012: 1,923propertiessold,$283.5M; averageprice$147,441
2011: 1,627propertiessold,$219.6M; averageprice$134,997
Single-family Building permits,allof TippecanoeCounty
2015: [1stand2ndQuarters]202
2014: 468
2013: 454
2012: 496
2011: 462
2010: 381
Multi-family building permits,allof TippecanoeCounty
2015: [1stand2ndQuarters]36units
2014: 452units,8sites
2013: 433units,5sites
2012: 175units,3sites
2011: 395units,4mainsites,othersinfill
Real Estate/Developments | Continued
New Chauncey neighborhood
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Recognitions
2014BUSINESS
No. 9, ForbesBestSmallPlacesforBusinessandCareersoutof 184citiesoneconomicandquality-of-lifeindicators,jobgrowthtrends,costof living(11.5percentbelownationalaverage)andcostof operatingbusiness.
No. 35, LeadingLocationbyAreaDevelopmentMagazineforeconomicandworkforceindicators.
PurdueResearchParkof WestLafayettenamed No. 1 Incubator of the Year byNationalBusinessIncubationAssociation
INDIANA
No. 7,AreaDevelopmentMagazine,inTop10StatesforDoingBusiness.
No. 8, TaxFoundation,fortopstatefortaxclimate.
Unless otherwise noted, recognitions are for Lafayette MSA, which includes Benton, Carroll and Tippecanoe counties.
2015GREATER LAFAYETTE
No. 8, AARPSmallCityLivabilityIndex(WestLafayette)
InTop 10ExportsLeaderlisting,BusinessFacilitiesMagazine
No. 11, ComputerScienceDegreeHub,50GreatCitiesforStudyingTechnologyandComputers
NamedtoTop 15inCiCi10thAnnualCommunityImpactinvestmentsbyTrade&IndustryDevelopmentforGEAviation’sconstruction
No. 32,USNews&WorldReport,Top50leastexpensiveplacesforretireestolive
INDIANA
“A” Grade formanufacturingandlogisticshealth,ConexusReportCard
CNBC,America’s Top States for Business: No.1,costof doingbusiness;No.4,costof living;No.8,economy;No.9friendliness;No.13forallfactors
Best of the Midwest,Chief ExecutiveOfficermagazine
Greater Lafayette Commerce
CHICAGO
LAFAYETTE
INDIANAPOLIS
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ECONOMIC TRENDS
PUBLIC SCHOOLS
Lafayette School Corp. 11schools,7,036students;1FourStarschoolin2015(MurdockElementary)
Tippecanoe School Corp.18schools,11,844students;1FourStarschoolin2015(EastTippMiddle)
West Lafayette Community School Corp.3schools,2,138students;3FourStarschoolsin2015(Cumberland,HappyHollow,WestLafayetteJr./Sr.High.
RECENT ACTIVITYLafayetteSchoolCorp.remodelingthreeelementaryschools’kitchens,$1.2M;infall
EDUCATION
P-12 Schools
2015toreopenOaklandasanelementaryschoolandOaklandHighSchooltomovetoformerWashingtonElementary($2Minvestmenttoremodelthetwolocations).
TippecanoeSchoolCorp.renovatingandreopeningformerBattleGroundMiddleSchool,$5.8M;remodelingBurnettCreekandWoodlandelementaryschools,$10Meach.
WestLafayetteCumberlandElementary,$.4Mbuildingproject
LafayetteChristianSchool,with318students,isbuildingamusicfacilityaddition,$.6M
Religious
River City Leadership College toopeninAugustatFirstAssemblyCommunityMinistries;tobeanextensionsiteforSouthwesternAssembliesof God
University;offeringassociateof artsinBibleandbachelorof artsinchurchleadership;onsitehousingavailable.
Sunnyside Intermediate School
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ECONOMIC TRENDS
OVERVIEW ome12,390studentsenrolledin IvyTechCommunityCollegeLafayette Region(Lafayette,Crawfordsville,FrankfortandMonticello)in2014-15,withanother5,800fromotherregionstakingdistanceeducationcoursesthatoriginateinLafayette.Thepublic,open-accesscollege,whichemploysnearly700,hassevenbuildingson51acresinLafayette.Itsfacilitiesincludeajoint-usecollege/publiclibrary.ItalsooperatesadowntownLafayettesatelliteandseveralregionalsites.
Thecollegeofferscoursesinmorethan80programsof studyandawardsassociatedegreesandtechnicalcertificates.Studyareasincludebiotechnology,advancedmanufacturing,agribusiness,alternativefuelstechnology,liberalarts,elementaryeducation,computerinformationtechnology,surgicaltechnology,criminaljusticeandnursing.Thecollegealso
Ivy Tech Community College - Lafayette
offersspecializedworkforcetrainingandcontinuingprofessionaleducation.Associatedegreegraduatesinanyof 10programscantransferasajuniortofour-yearinstitutions;othersarebeingdeveloped.
RECENT ACTIVITYSt.Joseph’sCollege,Rensselaer,nowoffering4-yearbachelor’scoursesatIvyTechforthosewhohaveearnedassociatedegreeinbusinessoraccounting;eveningclassesbeginningfall2014.
PurdueUniversityreservingfivespacesannuallyincivilorenvironmentalandecologicalengineeringforIvyTechassociate’sgraduatesinpre-engineeringwith3.0orbetterGPAinscience,mathandengineering.
AviationprogramdevelopedtosupportthenewGEAviationfacility.
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Ivy Tech Community College
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G R E AT E R L A FAY E T T E C O M M E R C E
ECONOMIC TRENDS
Indiana University School of Medicine - Lafayette
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Purdue University
OVERVIEW ndianaUniversitySchoolof Medicine– LafayetteoperatesonthePurdue Universitycampus,offeringafullfour-yearprogramandadmitting16first-yearmedicalstudentseachfall.Itsvisionformedicaleducationembracesqualitycareandaccessibilityforall.
OVERVIEW estLafayettecampusenrollment: Fall2014,38,770students,9,080 of theminternationalstudents(of those,7,739fromAsiancountries).Employed:15,612facultyandstaff,includingmorethan1,880tenuredandtenure-trackfaculty,and187distinguishedandnamedfaculty.Degreesofferedintheschoolsandcollegesof agriculture,education,engineering,healthandhumansciences,nursing,liberalarts,management,pharmacyandpharmaceuticalsciences,science,technologyandveterinarymedicine.About6,800earnundergraduatedegreesannually;1,600,master’s;and650,doctorates.
Facilities:Nearly400buildingsencompassing12Msf onapproximately18,000acres,includingfarmland.Sponsoredresearchfunding:$390M,2013-2014($320.2M,2012-13;$354M,2011-12;$419.6M,2010-2011;$438M,2009-10);amonghundredsof specializedcentersarecollaborativemanufacturing,managementof manufacturingenterprises,pharmaceuticalprocessingresearch,computerintegratedgoodmanufacturingandsoftwareengineeringresearch.
University’seconomicimpactinthestateismorethan$4.59Bannually.
RECENT NEWSTheschoolmovedintoanewfacilityfall2014,occupyingpartof theLyles-PorterHallatPurdue.
RECENT ACTIVITYPurdue Research Park Aerospace Districtannounced,980-acreprojectownedbyPurdueResearchParktoincludePurdueAirport,ZucrowLabs,PurdueAviation(formerlyLafayetteAviation)andspaceforaerospacecompaniestocollaboratewithPurdue;tooperateasanadditionalPurdueResearchPark.
Asian American and Asian Resource and Cultural Center spaceopenedinStewartCenter.
2014 First Year Class hadhighesttestscoresandGPAsof anyincomingclass.
Retention:2014achieved93percentretentionrate.
Purdue Movesbeingimplemented,a10-pointeffortlaunchedin2013toincludeenhancementsinSTEM,research,moreon-campushousing,neweducationmodels,andaffordability.
PATENTSTechnologylicenses:In2014,24startupswerefoundedthroughoutthecountrybasedoninnovationfromPurdueresearch;PurdueResearchFoundationannounced.Otheractivityincluded:272inventiondisclosures,120dealsfinalized,100issuedU.S.patents,471globalpatentapplicationsfiledandroyaltyincomeof $6.08million.
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NEW FACILITIES COMPLETED 2015$13MBoilermakerSoftballStadium
NEW FACILITIES/RENOVATIONS COMPLETED 2014From2004to2014,morethan$1Binnewconstructionof morethan50buildingscompleted.
$38M,111,700sf Lyles-PorterHallopenedfall2014inLifeandHealthSciencesPark,forspeech,languageandhearingsciencesandotherhealthprograms.
$38.9M,147,000sf HayesTriangle(andSeng-LiangWangHall)multi-usefacility,516NorthwesternAve.includesPurdueCollegeof Engineeringfacilitiesandretail.
$37.4M,304-bed,124,100sf ThirdStreetSuiteswithrestaurantandconveniencestore.
$29.5M,81,500sf KrachLeadershipCenter.
$28.7M,65,300sf drugdiscoveryfacilityinLifeandHealthSciencesPark.
$16M,850-spaceHarrisonStreetparkinggarageattachedtoLyles-PorterHall.
$15.9M,28,600sf MultidisciplinaryCancerResearchFacility,additiontoBindleyBioscienceCenter.
$7.6MRalphandBettyeBaileyHall,15,300sf.
UNDER WAY$90MHonorsCollegeandResidences,40,000sf of academicspace,morethan800beds,atRussellandThird,toopenin2016.
$79MWilmethActiveLearningCenter(libraryandclassrooms),164,000sf,toopensummer2017.
$70MCollegeof Engineeringstrategicgrowthinitiativemulti-buildingengineeringrenovation;firstphasetobecompletedbyfall2015.
$50IndianaManufacturingInstituteinPurdueResearchPark,62,000sf,researchof compositematerialsmanufacturingwithleasedspaceavailable,toopenmid-2016.
$10MAgronomyCenterPhenotypingandSeedProcessingLaboratory.
PLANNED$60MAgriculturalandLifeSciencesFacility.
$54MFlexLabFacility.
$50Manimalsciencesfacility.
$18.5MBechtelInnovationDesignCenter.
$11Mairportrunwayrehab.
$8.2MZucrowLabrenovation/addition.
Newchildcarecenter.
PURDUE UNIVERSITY | Continued
Ralph and Bettye Bailey Hall
TRENDSG R E A T E R L A F A Y E T T E C O M M E R C E
ECONOMIC
PublishedbyGreaterLafayetteCommerce,Economic TrendshighlightsactivitiesandinvestmentsimpactingtheeconomyinTippecanoeCounty,Indiana.Formoreinformation,visit
www.GreaterLafayetteCommerce.com
GreaterLafayetteCommerce337ColumbiaSt.P.O.Box348LafayetteIN47902765/742-4044
SITE AVAILABILITY:http://statein.zoomprospector.com
EDITORSJodyHamiltonDirectorof EconomicDevelopmentjhamilton@greaterlafayettecommerce.com
GreaterLafayetteCommerce,foundedin1927,isanonprofitmembershiporganizationsupportedbylocalindustriesandgovernments.Itsmissionistoadvanceeconomicandcommunityprosperityforasuperiorqualityof life.
July2015
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OVERVIEW everalothereducatorsofferprograms foradults.LafayetteAdultResource AcademyprovidesbasicskillstrainingandstudyfortheTestforAssessingSecondaryCompletion;ExcelCenterprovidesadulthighschooleducation.OnandoffsiteworkforcetrainingisofferedbyIvyTech.Andnationallyaccredited,career-focusedHarrisonCollegeoffersninebusinessandfourhealthscienceprograms,awardingcertificates,associateandbachelor’sdegrees.LeadershipLafayetteprovidesanannualcommunityleadershipprogram.
Workforce Development
RECENT ACTIVITYLafayette Adult Resource Academy is serving 1,700 students in the 2014/2015 academic year.
Tricoci University of Beauty is moving to a new location on Columbia.
Region 4 Workforce Board received a $7.6 million U.S. Department of Labor grant for a four-year Rapid Reemployment for Advanced Manufacturing Positions (RAMP) program that begins in 2015. Ivy Tech Community College and Purdue University will train 800 unemployed people for manufacturing jobs; participants will receive benefits during training.
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