Greater Lafayette Commer TRENDSCe - Henry Poor...
Transcript of Greater Lafayette Commer TRENDSCe - Henry Poor...
orethan$1billionincapital investmentsof atleast$100,000 eachin2013setanewrecord,beating2012’simpressivetotalof $646.1million.Thecommunityandregionwillreapdividendsfordecadestocome—withevengreatermanufacturingdiversity,inmorethan1,300newjobsbeingcreatedandaneconomicimpactof atleast$3billion.
Theyear’sinvestmentsincluded$566.7Mat11industries,nearly$300millioninPurdueUniversitybuildingprojects,$52.5Minrealestatedevelopmentsandcontinuedgrowthinothersectors.
Focused,cooperativeeffortsamongcommunitymembersandgroupstocreateacommunityknownas“ThePlaceof Choice”haveincluded:extensiveworkforcedevelopmentandeducationopportunities,assuringaskilledandongoingsupplyof employees;qualityof lifeenhancementsthatdrawnewcomersandattractyoungpeople;andrecreationalandculturalopportunitiesforallinterests.GreaterLafayettehasmovedbeyondbeingpoisedforgreatnesstocountingitsunparalleledsuccesses.
2013 HigHligHts$1.02billionincapitalinvestmentsmadeorannouncedin2013;previousyears:
2012: $646.1M
2011: $444.3M
2010: $640.1M
2009: $341.0M
2008: $592.9M
• 52newretailers/restaurantsopenedorannounced(60in2012;41in2011;35,2010;40,2009)
• 2,148homessoldin2013(1,923in2012;1,627in2011;1,674,2010;1,700,2009)
• 454newsingle-familybuildingpermits(496in2012;462in2011;381in2010;405in2009)
• 433newunitsof multi-familypermits(175in2012;395in2011)
A New Record: Capital Investments Top $1 Billion
Quick Glance, 2013 Activity
BUsiNEss AND iNDUstRYAdvAnced MAnufActuring
ACEll,$6Maddition,50newjobs
AlCoA,$93Mnewplantunderway
CHRomCRAft REviNgtoN iNC. soldtoSport-HaleyHoldings,Denver
HEARtlAND AUtomotivE,$7.2Mequipmentinvestment;$38Maddition
JEssUp pApER Box,movingtoTippecanoeCountyfromWhiteCounty
NANsHAN,tobuild$50Mcastinghouse
pRoAxis gRoUp,facilityexpansion,newjobs
sUBARU of iNDiANA,$450Mexpansion,addingemployeesin2016
sUpplY CHAiN solUtioNs,openedinPark350
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
YEAREND 2013
M
Details inside
Downtown Lafayette
iN tHis issUE
Business And industry
Advanced Manufacturing 4High-tech | Life Sciences 8Co-working Facilities 13Professional | Services | Warehousing 14Retail | Hospitality | Tourism 15Sustainable Energy 16
coMMunity
Initiatives 17Media 18Medical 18Nonprofit Sector 19Public Works 20Real Estate 21Recognitions 23
educAtion
P-12 Schools 24Ivy Tech 24IU School of Medicine - Lafayette 25Purdue University 25Workforce Development 27
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swift fUEls llC, $2.5Mfuelblendingfacilityandpilotplantopened
tKo gRApHix,newindustry,$2.1Mfacility
voEstAlpiNE RotEC,$1.4Mexpansion
osCAR wiNsKi,$4.7Mequipmentinvestment
woRwAg CoAtiNgs,$2.2Mequipmentinvestment
HigH-tecH/Life sciences
iNDiANA miCRoElECtRoNiCs llC landedNavycontract
pAssAgEwAYs movedtolarger, downtownlocation
sYpRis REsEARCH CENtER openedresearchanddevelopmentfacility
tissUE soURCE iNC.openedheadquarters
co-working fAciLities
tHE ANvil
BRAiNQUBE
DisCovERY pARK pARtNERs
mAtCHBox CowoRKiNg stUDio
sECoND lEvEl stUDios
ProfessionAL/services
BANKs: NEw BUilDiNgs—CENtiER, fARmERs AND mERCHANts, fiRst soURCE, lAfAYEttE CommUNitY (2),lAfAYEttE sAviNgs, REgioNs
fED Ex gRoUND DistRiBUtioN,$2Mnewfacility
fitNEss CENtERs: Fivenewfacilitiesopened
iND gRoUp moRgAN stANlEY wEAltH mANAgEmENt
twiN CitY CollisioN REpAiR, addition
wAREHoUsE spACE: sCsi, ApEx/sCHURmAN lANgE, wiNstEAD
retAiL/HosPitALity/tourisM• 25newretailersopenedin2013;
3underway
• 24newrestaurants/nightlifespotsopenedin2013
CoURtYARD BY mARRiottexpanding
HAmptoN iNN & sUitEsannounced
mEiJER buildingsecondstore
towNplACE sUitEs mARRiottrenovating
CommUNitYMedicAL
ACCElERAtED pHYsiCAl tHERApY
fRANCisCAN HEAltHY liviNg CENtER
HEAltH QUEst NAtURopAtHY & EstHEtiQUE
HomECARE BY DEsigN, secondlocation
iNDiANA vEtERANs’ HomE remodel
iNNvERvisioN ADvANCED imAgiNgremodel
iU HEAltH ARNEttWestLafayettemedicalofficebuilding
iU HEAltH ARNEttGreenbushSt.remodel
lAfAYEttE REgioNAl REHABilitAtioN HospitAl
lAfAYEttE REgioNAl vEiN/lAsER CENtER
mEDExpREss
wEstmiNstER villAgE,$10Madditionalhousing
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
Quick Glance | Continued
CommerCialresidential
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nonProfit
fAitH wEst$12Mworship/communitycenteropened
RigHt stEps CHilD DEvElopmENt CENtERsnewnameforTippecanoeCountyChildCare
CHRist UNitED mEtHoDist CHURCH,$1.3Maddition
pUBliC woRKsCitYBUs openednewdowntowntransfercenter
lAfAYEttE: $3.4MinRiehlePlazaandpedestrianbridgeimprovementsplannedfor2014;ColumbianParktraindepot,$150,00;$28.3Minroadworkprojects;MurdockParkbasketballcourtupgrade.
wEst lAfAYEttE ANNExAtioN:Tobecompletedin2014,addingabout4,000acres,includingPurdueUniversitylandandPurdueResearchFoundation-ownedland.
wEst lAfAYEttE RoADwoRK:Northwestern,$5.5M;streetresurfacing,$780,000;sidewalkrepairs,$365,000
mEtRoNEt $60Minvestmentin465milesof fiberunderway
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
Quick Glance | Continued
wiNtEKcontinues$1.7Mupgradetoitscorenetwork
Us231$36MrelocationaroundWestLafayetteopened,includes6milesof walking/bicyclepaths
reAL estAte
HomE plACE sENioR ApARtmENts,formermedicalbuilding
DUNCAN pARK, new$3Mbuildingandaddition(INOKInvestments)
iNNovAtECH improvingfacility,$50,000
mAiN stREEt pRopERtiEs,$14Mseniorcareatformerhospitalsite
mARKEt soUtH,$975,000,VeteransMemorialParkway
mARKEt sQUARE sHoppiNg CENtER acquiredbyLafayetteMSPLLC,exteriorrenovation
516 NoRtHwEstERN developmentunderway
wEiDA ApARtmENts underconstruction
Faith WestCommerCialresidential
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ovERviEw bout75manufacturingandindustrial firmsoperateinTippecanoeCounty, employingabout15percentof TippecanoeCounty’sworkforceandshippingproductsworldwide.
iNDUstRY RANKiNg BAsED oN EmploYmENt Subaruof IndianaAutomotiveInc. 3,700
WabashNational 3,323
CaterpillarLargeEngineCenter 1,675
OerlikonFairfieldDriveSystems 850
Alcoa/LafayetteOperations 690
LafayetteInteriorFashions 612
A
Advanced Manufacturing
EvonikDegussaCorp.TippecanoeLabs 555
Tate&Lyle,northandsouthplants 454
KirbyRiskServiceCenter 367
TRWCommercialSteering 344
ReaMagnetWireCorp. 225
ColemanCable 170
GreatLakesSolutions 130
OscarWinskiCo.Inc. 124
IndustrialPalletCorp. 120
voestalpineRotec 120
Landis+Gyr 115
AlloyCustomProducts 107
HeartlandAutomotive 93
NanshanAmerica 90
Business And industry
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
EDUCAtioNExCEl CENtER,publiccharterschoolforadults,opened.
ivY tECH openedFrankfortandNewtonCountysitesfall2013;Crawfordsville,January2013;remodeledLafayettetocreate“OneStop”forstudentservices
NEw CommUNitY sCHool(charter)consolidatedtoone,44,000sf site
pURDUE UNivERsitYopeneddowntownFountainGallery;multipleconstructionprojectsunderway(seeinside);announcedPurdueMoves,a10-pointeffortincludingenhancementsinSTEM,researchandotherprograms;announced$70Mengineeringbuildingsupgradeand$79MActiveLearningCenter
tRiCoCCi UNivERsitY BEAUtY CollEgEacquiredLafayetteBeautyAcademy,remodeled
DEmogRApHiCsPoPuLAtion, 2012Lafayette 67,925
WestLafayette(toincreasewithpendingannexation) 30,419
Allof TippecanoeCounty 177,513
14-countyregion 551,809
Laborforce,TippecanoeCountyresidents 82,600
Laborforce,includingincomingcommuters 110,000
Quick Glance | Continued
CommerCialresidential
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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 eECONOMIC
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KEY iNDUstRiEs(listed alphabetically)
AlCoA/lAfAYEttE opERAtioNs690employeesExtrudedaluminumproducts2013:Building$93M,115,000sf aluminumlithiumplant(world’sfirstfull-production,aluminumlithiumcastingfacility)adjacenttocurrentoperations,toopen2014,employ75.Toproduce20,000metrictonsandcastroundandrectangularingotforrolled,extrudedandforgedapplicationsinbilletsizesupto33-inchesindiameterandslabcapableof producingwingskinplateandfuselagesheetforcommercialaircraft.
AlloY CUstom pRoDUCts iNC.107employeesTanktrailers,pressurevessels
ANDovER Coils llC60employeesElectroniccoilsandtransformers
tHE BEttER tHAN Co. iNC.Brunoscotti,avarietyof biscotti
BliCKmAN/stEiNERHomebrewingequipment
CANtEEN CoRRECtioNAl sERviCEs10employeesMeal,laundryservicesforcorrectionalfacilities
CARlEx glAss Co. 12employeesAssembly,curingwindowpanelsforautos
CAtERpillAR lARgE ENgiNE CENtER1,675employeesDieselandnaturalgasengines2013:Reducedemploymentby125.
CAtERpillAR logistiCs sERviCEs iNC.Trucking,warehousing
CHRomCRAft REviNgtoN iNC.Residential,commercialfurnitureOfficesinWestLafayette;productioninMississippiandChina2013:SoldtoDenver-basedSport-HaleyHoldings;tooperateaswhollyownedsubsidiary.
ColEmAN CABlE iNC. 170employeesWiremanufacturing
CoppER mooN woRlD CoffEEWholesalecoffee
Cst/BERgER, DivisioN of stANlEY woRKs25employeesLaserlevelingandmeasuring
DAYtoN-pHoENix gRoUp iNC.56employeesBrakingresistorsforfreight,off-highwayvehicles
ENviRoNmENtAl RECYCliNg iNC.Recyclingconstruction,manufacturingmaterials
EvoNiK DEgUssA CoRp. tippECANoE lABs 555employeesPharmaceuticalcomponents
fCA mANUfACtURiNg40employeesIndustrialwoodskidsandboxes
gRAYBAR7employeesSupplychainmanagement,logisticservices
gREAt lAKEs solUtioNs130employeesFlameretardantresearchcenter
HEARtlAND AUtomotivE93employeesInteriorandexteriorautomotivecomponents:instrumentpanels,doors,headlinersandautobodyparts2013:Invested$7.2Minnewequipment;announced$38Maddition,tohire224morebyfall2015. CommerCial
residential
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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 eECONOMIC
TRENDS
HiCKsgAsPropanedistributor
iCE CREAm spECiAltiEsIcecreamnovelties
iNDUstRiAl pAllEt CoRp./ AmERiCAN fiBERtECH CoRp.120employeesWoodenpallets
JEssUp pApER Box24employeesBoxes2013:AnnouncedmovefromWhiteCountytoLafayetteIndustrialPark.
KiRBY RisK sERviCE CENtER367employeesWiringharnessesandsubassemblies
lAfAYEttE iNstRUmENt50employeesPolygraphinstrumentationandotherhigh-techdetectionanddecision-makingdevices
lAfAYEttE iNtERioR fAsHioNs612employeesCustomwindowcoverings
lAfAYEttE pUzzlE fACtoRY4employeesJigsaw,sphereandchalkboardpuzzlesdesignedlocally,manufacturedinAsiaProductsin20,000U.S.,AustralianandNewZealandretailoutlets
lANDis+gYR115employeesElectronicmetersOwnedbyJapan-basedToshibaCorp.
liQUiD spRiNg llCSuspensionsystems
m4 sCiENCEs CoRp.10employeesUltra-precision,electro-mechanicalmodulationdevicefordeep-holedrillingusinglow-frequencyvibrationonlathes
m.A.i.l. iNC.63employeesOutsourcemailroom;catalogfulfillment
mCKiNNEY CoRp.27employeesRacecarchassisandcomponentmaker
mEgABRANDs AmERiCA iNC.Gameandtoydesign
milEstoNE CoNtRACtoRsAsphaltplant
mUlHAUpt’s iNC.65employeesCustommetaldoor-frames,contracthardware;securitydivision,OverheadDoors
NANsHAN AmERiCA ADvANCED AlUmiNUm tECHNologiEs90employees;toincreaseto200High-endaluminumextrusionsusedinmasstransportation,automotive,distribution,industrialandelectricalindustries;train-bodymaterialforhigh-speedrail2013:Tobuild$50Mcastinghouseandofficebuildingin2014.
NoRfolK soUtHERN CoRp.Railyard
oERliKoN fAiRfiElD DRivE sYstEms850employeesGears,shaftsanddrives2013:Reducedworkforceby150.
pACKAgiNg sYstEms of iNDiANA20employeesShippingproducts
pERRY foAm pRoDUCts49employeesUrethanefoamsandingpadproducts
pRoAxis iNC.75employeesSheetmetal,structuralsteelfabricator2013:$.8M,21,000sf facilityexpansion,toadd5to10employees
RADiAN REsEARCH80employeesWatthourtestequipment
CommerCialresidential
Publication funded by
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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 eECONOMIC
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Roadworks
REA mAgNEt wiRE CoRp.225employeesMagnetwire
RoADwoRKs35employeesStainlesssteeltrucktrailerparts
sCHilli DistRiBUtioN sERviCEs Warehousing/logistics
sCHool DAtEBooKs45employees;35moreseasonallyCustomschoolcalendarssoldinternationally;onsitebindery
stAg CApitAl pARtNERsWarehouse/distributionfacilities
sUBARU of iNDiANA AUtomotivE iNC.3,700employeesAutomobilesandSUVs–SubaruOutback,LegacyandTribeca;ToyotaCamry(through2016)2013:Announced$450Mexpansion,.5Msf,toaddSubaruImprezaproductionin2016;willcreateabout900newjobs,expandbuildingcapacityby100,000vehiclesannually;fiscalyearendingMarch31,2013,builtrecord271,583vehicles;celebratedproductionof 4millionthvehicleinAugust2013.
sUpplY CHAiN solUtioNsLogistics,trailerparts2013:Michigan-basedcompanymovedChicagofacilitytoPark350,servingWabashNational.
swift fUEls llC10employeesHigh-octane,unleadedaviationfuel2013:Brokegroundonnew,$2.5Maviationfuelblendingfacilityandpilotplant,US52South.
tAtE & lYlE, NoRtH AND soUtH plANts454employeesCornstarch,cornsyrupandsweeteners
tKo gRApHix10employeesRefurbishsemi-trailers2013:Newindustry,building$2M,12,000sf facilityon48acresinU.S.52IndustrialPark.
toYotA tsUsHo AmERiCA iNC.55employeesTire,wheelassemblyforToyota
tRw CommERCiAl stEERiNg sYstEms344employeesSteeringgearsTwoplants
voEstAlpiNE RotEC gRoUp 110employeesPrecisionsteel/aluminumcomponents,pedalboxspacertubesandseatbelt/airbagcomponentsforautoindustry2013:$1.4Mnewmachininglineforairbagpropellanttubesadded;alsorebuildingportionof facilitydestroyedbyNovembertornado.
CommerCialresidential
Publication funded by
8
High-Tech | Life-Science Businesses G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
AovERviEw bout125high-techandlifescience businessesoperateinLafayette- WestLafayette,mostinstart-upstagesandemployingfewerthanfive.ManyarecapitalizingondiscoveriesmadeatPurdueUniversityandbasedinPurdueResearchParkorlocatedelsewhereandaffiliatedwiththepark.
lARgEst HigH-tECH/lifE-sCiENCE CompANiEs, BAsED oN EmploYmENtMEDInstitute 240
BASi 180
CookBiotechInc. 150
ButlerAmericaLLC 140
SSCI,anAptuitCo. 92
DowAgroSciences 88
EndocyteInc. 75
ACellInc. 70
FLIRSystemsInc. 40
ghLLC 40
CantileverTechnologies 40
Note: Businesses listed alphabetically; those with no employee number listed have fewer than 5 workers.
ABAQUs CENtRAlConsulting,engineeringproductdesign
ACEll iNC.70employeesTissue-engineeredbiomaterialformedicalindustry2013:$6MexpansionunderwayinDuncanPark;toadd50newemployeesinnextthreeyears.
ADvANCED Ag solUtioNs llCTechnologyandconsultingservicesforfarmers
ADvANCED BioimAgiNg sYstEms llCDevelopingtechnologytodetectbacterialgrowth
ADvANCED pRoCEss ComBiNAtoRiCs9employeesPlanning,scheduling,radiationtreatmentplanningsoftware
Advanced Manufacturing | Continued
wABAsH CENtER’s gREENBUsH iNDUstRiEsContractassembly
wABAsH NAtioNAl CoRp.3,323employeesCommercialsemi-trucktrailersandrailtrailers2013:Companybuiltits500,000thDuraPlatevantrailersinceitwaslaunchedin1996.
wEE ENgiNEERiNg iNC.8employeesVacuumtanks,tanktrucks,pumpertrucks,customfabrications
osCAR wiNsKi Co. iNC.124employeesScrapmetal,steelfabrication2013:$4.7Mcapitalinvestment
woRwAg CoAtiNgs llC38employeesPowderandliquidcoatingsforindustryapplications2013:$2Minvestmentinnewequipment;toadd14employees
CommerCialresidential
Publication funded by
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AKiNA iNC.Drugdeliverytechnologycompany
AllEgRo DYNAmiCs llCSoftware,webandmobileapplicationdesigner
ARxAN tECHNologiEs26employeesSoftwaresecurity
AsH ACCEss tECHNologYMedicaldevices
AtlANtiC gREEN tECHNologY iNC.Productionof biofuelandnutritionpharmaceuticalsfromalgae
AxoNiOnlinemanufacturingnetwork
BANYAN BiomARKERs iNC.BloodteststodetecttraumaticbraininjuryandneurologicaldiseasesFlorida-basedcompanywithPurdueResearchParklocation
BAsi180employeesPharmaceuticaldevelopment,contractresearchandanalysis
BAtCH pRoCEss tECHNologiEsDecisionsupportsoftwareforbatchchemicalprocessingindustries
BUtlER AmERiCA llC140employeesEngineeringdesign
CEllAfloRA DEsigNAppdevelopment
CHYAll pHARmACEUtiCAl CoNsUltiNg llCAdvisesonoptimizingnewpharmaceuticals’properties
CoNCoRDANCE HEAltHImprovingmedicationcompliancethroughpartnershipwithpharmacistandprovider
CooK BiotECH iNC./CooK gRoUp150employeesTissueengineeringresearch,developmentandmanufacturingof medicalproductsusedinwoundcareandsurgicalrepairof damagedorgansandtissues
CopiENt tECHNologiEs/ NCR CoRp.11employeesPoint-of-saleand–purchasehardwareandsoftware
CoviDEo sYstEms10employeesWeb-basedstreamingtechnologyservices
CRUisE softwARERetailindustrysoftwareproducts
Dow AgroSciences
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
High-Tech | Life-Science Businesses | Continued
CommerCialresidential
Publication funded by
10
CURxCElDrugdiscovery
DElmAR iNfoRmAtioN tECHNologiEs llCCustomsoftwareusedinvotecenters
DElpHi DElCo ElECtRoNiCs sYstEmsAutoelectronicsdesignlab
DEvElopmENt CoNsUltANts iNC.Materialsdesign,manufacturingconsulting
Dow AgRosCiENCEs88employees,100in2014Researchfacility,greenhouse,seedqualitycontrollab
E-lANgUAgE lEARNiNg llCLanguagesoftwarethatallowsformonitored,individuallessonsoutsidetheclassroom
EitAC solUtioNs gRoUp10employeesProductstoenhancecomputerusebythosewithlowvision
EN’URgA iNC.9employeesOpticaldiagnosticequipment
ENDoCYtE iNC.75employeesDrugdeliveryresearch2013:Named#39onDeloitteTechnologyFast500listforBiotechandPharmaceuticalGroup.
ExECUtivE AUtomAtioN llCBusinessmanagementsoftwaredevelopment,consulting,training
fAvoRED gRAiNSeedbusiness
fAvoRED iNC.7employeesMilkwithnutrients,supplements
fliR sYstEms iNC.40employeesMassspectrometerdevelopment
foUNDopsSoftwaresystems
fUtAgo iNC.Chemicalindustryrelated
fUtURAgENE iNC.14employeesPlantgenediscovery
gENpoRt NoRtH AmERiCA CoRp.High-energyelectricgenerators,batteries
gH llC40employeesSoftware,Brailletextbooksandotherlearningproductsforpeoplewithreadingandsightchallenges
gREENtECH AmERiCA iNC.Developsandcommercializesyeast-basedcellulosicethanoltechnology
HEmoClEANsE iNC.Medicaltechnology
HNtB liDAR lABResearchinoptimizingandleveraginglightdetectionandrangingdataforcivilengineeringapplications
imAgiNEstiCs llC19employeesSoftwareconnectiontoolsformanufacturingandlifesciences
iN spACE llC5employeesJetpropulsiontechnologydevelopment
iNDEpENDENCE sCiENCE llCConsultswithschoolstoprovideassistivetechnologiesforblindstudents
iNDiANA fiBER tECHNologYDevelopinglight-weightbio-aggregatesandbiofuels
iNDiANA miCRoElECtRoNiCs llCDesign,manufacturecustomradiofrequencyandmicrowavefilters2013:Landed$500,000U.S.Navycontractforreconfigurablemicrowavefilter.
iNmAss tECHNologiEs iNC.Soil,bio-remediation
High-Tech | Life-Science Businesses | Continued
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CommerCialresidential
Publication funded by
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iNfoComm sYstEms iNC.Securityconsulting,research
iNvivo vENtUREs llCCreatescompaniesfromPurdueresearchfindings;createdafounder’sfundtoprovideseedcapitalfor10to15Midwesterntechnologyventures
ivDiAgNostiCs llCDevelopingcancerdiagnostickitsandimagingsolutions
JANUs BiosYstEms5employeesLipidmaterialsresearch
KARYozEN llCCellsorters,flowcytometersforlifesciences/healthcareindustries
KYK ENERgY iNCFoodsupplements
l.s. tECHNologY iNC.Softwareforwireless,handheldcomputers
lifE plUs llC26employeesToxicologyservices,testingandmedicaldevices;helpsmultinationalcompaniesmeetChineseregulationsonchemicalpurchases/sales;alsooperatesofficeinBeijing
litE mACHiNEs CoRp.8employeesRadio-controlledhobbyhelicopters;high-techsurveillanceequipment
loADoUt tECHNologiEs llCMobiletechnologysolutionsforagriculture,industry
lYogo llCDrug-deliverydevicestostorefreeze-drieddrugsinonechamber,liquiddilutentsintheother
mAgsENsE lifE sCiENCEs6employeesMagneticparticleseparationforresearch,diagnosticsanddrugdevelopment
mED iNstitUtE/CooK gRoUp240employeesIdentifiesanddevelopsnewmedicalproductconcepts
mEDtRiC llCLifesciences
moERAE mAtRix iNC.Developingdrug-tissuescaffoldproductstoimprovesofttissuehealingandregeneration
moR-NUCo llCDevelops,commercializesproteintechnologyforearlycancerdetection
moRviD iNtERACtivE llCDevelopsmobiledeviceapplicationsandgames
mplExUsMedicalimagingsoftwareforInternettransmission
mUDAwAR tHERmAl sYstEms iNC. Thermalmanagementdevicesandphase-changesystems
gERAlD p. mURpHY CANCER foUNDAtioN8employeesNonprofitcancerresearchinstitute
NANosENsE iNC.Nanotechdevicesformedicaldiagnostic,therapeuticapplications
NANovis llCNanosurfacedimplantsandnanostructuredbiomaterials
NgENx CoRp. Technologyinfrastructureprovideranddeveloperof hostedITapplications
Nox tECHNologiEsCancerdetectionresearch
oDDitsoft iNC.Softwareandconsulting
omEgA miCRo tECHNologiEsCeramicsubstratesforelectronicdevices
High-Tech | Life-Science Businesses | Continued
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CommerCialresidential
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oN tARgEt lABoRAtoRiEsLifesciences
optiCAl tHERApEUtiC tECHNologiEsFluorescentprobesusedforimagingincancersurgery
pANoptiC iNsigHt llCConsultingonorganizations’securityandinnovationrelationships
pARsEC solUtioNs llCEngineeringconsultingservices,multi-phasefluidsystems
pAssAgEwAYs llC25employeesBusinesswebportalmanagementsystemsforbanksandcreditunions2013:MovedtoEarl&HatcherBlockdowntown
pERfiNitY BiosCiENCEs iNC.6employeesSamplepreparationtechniquesandtoolstofacilitatemassspectronomy
pHlEBotiCs iNC.Developsandmanufacturesmedicaldevices
pRimA spECiAltY vECtoRs llCUtilizesPurdue-licensedtechnology
pURDUE ENtERpRisE Co. Technicalconsulting
High-Tech | Life-Science Businesses | Continued
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
QUANtioN tECHNologiEs iNC.High-tech
sCAlE CompUtiNg5employees;27,IndianapolisProvidingenterpriseclass,scalablegridstorage
sCHoolHoUsE pARtNERs llCGrantwriting,grantsdatabase
sENsiENt flAvoRs AND fRAgRANCEs llCMakingcolors,flavorsandfragrancesforfood,beverages,cosmetics,pharmaceuticalingredients,imagingsystemsandotherapplications
simUlEx iNC.8employeesSimulationproductsfordefenseandbusiness
soRiAN iNC.Researchservices
spECtRACoDE iNC.Imagingsystems
spECtRAliNE iNC.Onlinequalitymonitoring
ssCi iNC., AN AptUit CompANY100employeesContractresearchandanalyticallab
Video shoot, Stormfront Productions, Robert Theodorow, principal consultant
CommerCialresidential
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ovERviEw 21stcenturymovement,co-working bringstogetheracommunityof people whoindependentlyandcollaborativelypursuecreativeconceptsandactivities,sharefacilityspaceandbenefitfromaccesstoandinteractionwithothersinterestedinnewideasandentrepreneurialism.
RECENt ACtivitYtHE ANvil, openedin2013andoperatedoncampusbyPurduestudentsforstudententrepreneurs;lowerlevel,1601StateSt.
BRAiNQUBE openedin2013,housingfivecreativeservicebusinesses:design,video,art,photography,salestraining.
DisCovERY pARK pARtNERsopenedin2013byPurdueUniversityandPurdueResearchFoundation;multi-useco-workingspaceforentrepreneursandcompaniesinterestedincollaboratingonPurdueresearchactivities.
mAtCHBox CowoRKiNg stUDio,10,000sf downtownbuildingoperatedbynonprofitcorporation;cityof Lafayetteandpartnersfunding$1.5Mrenovation;toopenearly2014.
sECoND lEvEl stUDiosopenedfall2013;fivephotographerswithspacealsoavailablebythehour.
CO-WORKING FACILITIES
A
stoRmfRoNt pRoDUCtioNs iNC.14employeesWebdesign,videoproduction,branding,interactivepresentationsandotherservices
sYpRis REsEARCH CENtERInformationsecurityforgovernment,aerospaceanddefensemarkets2013:Openedresearchanddevelopmentcenter;divisionof SyprisElectronics.
tECmARK iNC.Emergencyresponse,restorationcontractormanagement
tHiRtYsix softwARE llCProvidingintuitivedatacontentmanagementsolutions
tHREE.ComWebhosting,internetmarketing
tiENtA sCiENCEs iNC.Infraredandmassspectrometryinproteindiscoveryandanalysis
tissUE soURCE iNC.Providesanimaltissueforregenerativemedicine2013:Openedheadquartersofficeson250West(companyfoundedin2007)
tRiCliNiC lABsConsulting,labworkforsolid-statechemicaldevelopment
tYmoRA ANAlYtiCAl opERAtioNsTestingeffectivenessof cancerdrugs
vAsC-AlERt8employeesDialysisdiagnosticproduct
visioN ADvANtAgE llCHelpsautodealersincreaseprofits
vivUsNEt CoRp.DigitalCanvas,multi-mediaadvertisingproductforlobbiesandothervenues
voCARE iNC.Telemedicinesystem
wEstECH CoNsUltiNg Co. iNC.Consulting
wiNtEK CoRp.BusinessclassInternetserviceprovider,directfiber-basedprovider
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
High-Tech | Life-Science Businesses | Continued
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ovERviEw reaterLafayetteishometonumerous professionalandservicebusinesses, includingarchitects,attorneys,accountants,advertisingagencies,customercarecentersandothers.Majorbanksinclude1stSource,Centier,CharterOneFinancial,FarmersandMerchants,FarmersState,FifthThird,FirstFinancial,FirstSource,FountainTrustCo.,Huntington,JPMorganChase,Kentland,LafayetteBankandTrustCo.,LafayetteCommunity,LafayetteSavings,OldNational,RegionsandSalin;creditunions:PurdueFederalCreditUnion,IndustrialFederalCreditUnionandStaleyCreditUnion.
Largestinsurancefirmsinclude:StateFarmInsuranceregionalofficeemploying545;AllState,AmericanFamily,BundyMcNear,HenriottGroup;MBAHInsurance;TuckerInsurance;andothers.
Warehousespaceisavailablethroughvariousfirms,includingApex/SchurmanLange,INOK,SCSI,Warehouseof LafayetteLLCandWinstead.
RECENt ACtivitYBAnks
CENtiER BANK buildingnewbranchinsouthLafayetteandsummer2014openingbranchinexistingWestLafayettespace.
fARmERs AND mERCHANts BANKopened3,600sf,$1Mbranch,firstinTippecanoeCounty.
fiRst soURCE BANK openedCascadaBusinessParkbranch.
lAfAYEttE CommUNitY BANK openednew,17,000sf,two-storydowntownheadquartersandLindberg/Northwestern2,600sf branch.
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Professional | Services | Warehouse
lAfAYEttE sAviNgs BANK buildingnewWestLafayettebranch,3,200sf,toopenearly2014,andremodelingpartof downtownannex.
REgioNs BANK newdowntownheadquartersunderway,$2.54M,12,000sf,toopenMarch2014.
Business oPenings/exPAnsions
fED Ex gRoUND DistRiBUtioN,$2Mfacility
HAppY pAws & ClAws pEt gRoomiNg
iND gRoUp moRgAN stANlEY wEAltH mANAgEmENt
NoRtH END miNi stoRAgE
RiCE & RiCE, attorneys
s&A UpHolstERY AUto CARE
twiN CitY CollisioN REpAiR, addition
fitness oPenings
ANYtimE fitNEss
DEfiNitivElY fit
mAssAgE ENvY
plANEt fitNEss
sNAp fitNEss
wAreHouse sPAce
ApEx/sCHURmAN lANgE,40,000sf
sCsi wAREHoUsE
wAREHoUsE of lAfAYEttE llC,1.8Msf
wiNstEAD wAREHoUsE,$.4Maddition
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CommerCialresidential
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G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
ovERviEw argestshoppingvenuesareTippecanoe Mallwith840,000sf andmorethan100 stores,includingMacy’s,Kohl’s,Sears,J.C.Penney,HHGreggandDick’sSportingGoods;andLafayettePavilions,covering404,000sf,includingTJMaxx,ColdStoneCreamery,Gordman’s.Othervenues:DowntownLafayette;TippecanoeCourtandLafayetteMarketPlace,withabout50retailers;WabashLanding;UniversitySquare;andChaunceyVillagedistrictnearPurdue.
Thecommunityishometomorethan225restaurants,rangingfromethniceateriestonationalchains,and28hotelswith2,430rooms,fromfull-servicebusinessclass(HolidayInnCityCentre,BestWesternLafayetteExecutivePlaza&ConferenceCenter,UnionClubandFourPointsbySheratonWestLafayette)toextendedstay(HomewoodSuites,MarriottTownePlaceSuitesandCandlewoodSuites).
DowntownLafayette-WestLafayettehasbeendesignatedanofficialculturaldistrictbyIndianaArtsCommission,encompassingthreeareas:ChaunceyVillage,Riverfront,andtheArtsandMarketdistrict.Downtowncovers92squareblocks,MainStreet,theLevee,WabashLandingandChaunceyHillMall.Morethan250businessesoperateinthedowntownarea,includingrestaurants,boutiqueshopsandprofessionalserviceproviders.Downtownalsoisagrowingresidentialhubwithabout160condominiumsoutof some600housingunits.
RECENt ACtivitYLodging
CoURtYARD BY mARRiott adding32roomsandmeetingspacebyyearend2014.
HAmptoN iNN & sUitEs,TapawingoandState,MidwestHospitalityGroup,hotels,four-story,105rooms,$12M,tobebuilt.
towNplACE sUitEs mARRiott,$600,000remodeltobecompletedbyApril2014.
retAiL
2013 opENiNgs
ARtists goNE wilD
CAmERA oUtfittERs
CNg fUEl iNC.,compressednaturalgas
DisC REplAY
DollAR gENERAl
DoN’t tHiNK twiCE RECoRDs
EARtHBoUND tRADiNg Co.
fiREARms sUpER CENtER
gAmE x CHANgE
HAiRCUt CoRNER
HARBoR fREigHt tools
JUstiCE & BRotHERs
lEvEE tAN/sNAp fitNEss
ligHtNiNg pRiNt
lUmBER liQUiDAtoRs
mAttREss fiRm
mAximUm gRow gARDENiNg
miDwEst tACtiCAl gUNs & Ammo
plAstiC to tHE pEoplE
pooR BoYs tHRift sHop
p.s. fRom AERopAstlE
sAlvAtioN ARmY stoRE
slEEp NUmBER
stREAmliNE DEsigNs & fRAmE sHop
wiNDow woRlD of lAfAYEttE
UNDER wAY
fREsH lAfAYEttE mARKEt
fREsH tHYmE fARmERs mARKEt
mEiJERdiscountdepartmentstoreandgrocerybuildingsecondstore,190,000sf,U.S.52andKlondikeRoad,hiring300.
Retail | Hospitality | Tourism
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CommerCialresidential
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ovERviEw ustainableenergyisafocusinthe county,demonstratedinseveralways, fromdiscussionsonwindfarmstothreewindturbinesinstalledatCityBustopoweritsfacilitiesandatwo-yearprogramatIvyTechCommunityCollegecoveringturbines,solarpanelsandothersystems.
RECENt ACtivitYIvyTechCommunityCollegeopened CRAig poRtER ENERgY CENtER(seeIvyTechsection).
ElECtRiC vEHiClE CHARgiNg stAtioNs: NowavailabledowntownLafayetteparkinggarage,IvyTech,PurdueUniversity,BisonFinancial.
Sustainable Energy
S
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
restAurAnts/nigHtLife
2013 opENiNgs
BEN’s soft pREtzEl
CAfé litERAto
CHiCAgo stYlE CHEEsE stEAK
CHili loCo
CHiNA KiNg
CozY tAvERN
fARiNA BAKERY & CAfé
gREENBUsH stREEt CHiCAgo stYlE pizzA
HARBoR CitY CHiNEsE
iCHiBAN
l KoRA fooD tRUCK
lENEHAN’s pUB
mAiN stREEt BAR
NiKo’s spiCY piCKlE, 2ndlocation
NoBlE RomAN’s tAKE-N-BAKE p’zA
pANERA, tippECANoE mAll
pARKwAY ExpREss pizzA
tHE piNt
pRofEssoR JoE’s spoRts pUB & pizzERiA
RooKiEs spoRts pUB
tHREE J’s pizzA
wHisKEY BoB’s sAlooN
wiNgs EtC., MarketSouth
YogURt REtREAt
tourisM/recreAtion
VisitLafayette-WestLafayettereports3.5millionvisitorsannuallygeneratemorethan$300millionindirectexpenditures;some6,500employedintourism-relatedbusinesses.
iNfoRmAtioN KiosKs:VisitLafayette-WestLafayettepartneredwiththecitiestoinstall18informationkiosksbetween2010and2013—13inLafayette;5inWestLafayette;tobeupdatedtwiceayear.
tHE foUNtAiN gAllERYopenedbyPurdue,330MainSt.
sKAtE AmERiCAopened.
wEst lAfAYEttE golf & CoUNtRY ClUB: LocalbusinessmanTomDaypurchasedformerElksCountryClubonUS52West;121acreswith18-holegolf course,clubhouse,pool,tenniscourts.Renovationstobemade.Tooperateassemi-privatefacilitywithmembershipsandopentothepublic.
Retail | Hospitality | Tourism | Continued
CommerCialresidential
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G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
ovERviEw reaterLafayette’seconomicdevelopment, government,education,businessand industrygroupscollaborateonanumberof community-wideefforts.
ADvANCiNg mANUfACtURiNg: wE HAvE JoBs HERE, wE HAvE tRAiNiNg HERE. Launchedin2012byGreaterLafayetteCommerce,IvyTechCorporateCollege,Region4WorkforceBoardandWorkOne,amongothersupporters,thisprogrammatchesjob-seekerswithemployersfordirect-hirejobs.Italsooffersscholarship-fundedtrainingforthoseneedingit.ThroughDecember2013,193peoplehadearnedtheCertifiedProductionTechniciancredential,with22employersparticipatingintheprogram.TheLafayette-basedprogramisnowservingasamodelforfourothercommunitiesinIndianalaunchingsimilarprograms.www.advancingmanufacturing.com
AmtRAK: sAvE tHE HoosiER stAtE CAmpAigN. GreaterLafayetteCommerce coordinatedastatewidecampaigntosavetheAmtrakHoosierStateline(IndianapolistoChicago),hostingasummitattendedbyhundredsandbringingallpartiestothediscussion;resultedinone-yearcontinuationof dailypassengerrailservice,withongoingeffortstoplanbeyondthat.
CommUNitY of CHoiCE. GreaterLafayetteCommerceiscoordinatingmultipleactivitiesfollowingstudyandimplementationof aplantomovethecommunityfromgoodtogreat.Numerousactivitiesareunderway.In2013,thecommunitybecameoneof 26communitiesinU.S.Ignite,apublic/privatepartnershiplaunchedbytheWhiteHouseScienceandTechnologyPoliceofficetofacilitateandencouragenext-generationapplicationdevelopments.www.greaterlafayettecommerce.com
iNtERsECtioN CoNNECtioN.Acollaborationof 10communityorganizationsformedin2007toco-locatecomplementaryyouthdevelopment,highereducation,financialliteracy,andhealthandwellnessservicesontheIvyTechCommunityCollegeLafayettecampus.AfundraisingcampaignisunderwaytoraisemoneytobuildafacilitythatwillhouseanewYMCA,onsitechildcare,JuniorAchievementof GreaterLafayetteandanIUHealthArnettclinic.intersectionconnection.com
READ to sUCCEED. Thisprogram,launchedin2011,involvesGreaterLafayetteCommerce,UnitedWayof GreaterLafayetteandthecommunity’sthreepublicschoolcorporations,bringingvolunteerstoelementaryschools.Byyearend2013,some525volunteerswereactivein14of thecommunity’s19publicelementaryschools.Byfall2014,theprogramwillbeextendedtoallpublicelementaryschools.www.readtosucceedgreaterlafayette.org
wABAsH RivER ENHANCEmENt CoRp.Thisnonprofitinvolveslocalgovernmentsandothersinstepsneededtobringdevelopmenttotheriverarea.Recentactivitiesinclude:developingabywaymanagementplanforthestate-designatedRiverRoadScenicByway;implementinga$500,000stategranttocleanupakeycorridorindowntownLafayette,readyingitfor2014activitiesthatwillincludemixed-usedevelopment,atrailandgreenspace;andworkonacorridor-wideloopedtrailsystem.Itisalsoinvolvedinplansforre-useof theformerLafayettemunicipalgolf courseandinongoingworktoimproveWabashRiverwaterquality.www.wabashriver.net
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coMMunity
Initiatives
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Media
ovERviEw hecommunityisservedbyadozen FMandAMradiostations,including WBAA,aNationalPublicRadioaffiliate;televisionstationWLFI-TV;adailyGannettnewspaper,theJournal&Courier;aweekly,TheLafayetteLeader;thePurdueExponent,five-daynewspaper;Lafayettemagazine(quarterly);andJustKidding!,amonthlynewsletterof children’sevents.
TRECENt ACtivitY wlfi-tvspent$50,000toupgradeitsfacility.
ovERviEw reaterLafayetteandthesurrounding 18countiesareservedbyseveral hospitals,numerousmulti-physicianclinics,ambulatorysurgerycentersandrehabilitationfacilities.
iNDiANA UNivERsitY HEAltH ARNEtt operatesa$228M,400,000sf,full-servicehospitalopenedin2008with191beds,fiveoperatingrooms,emergencycare,on-demandfoodserviceandadjacenthelipad.Withanambulatorysurgerycenter,16GreaterLafayettephysicianofficesandsixmoreinadjacentcounties,anditsfull-servicehospital,IUHealthArnettoffersintegratedhealthcare.Itemploysabout250physiciansandproviders,some600registerednursesandmorethan1,260supportstaff.
fRANCisCAN st. ElizABEtH HEAltH operatesFranciscanSt.ElizabethHealthEast,a$192million,410,000sf,full-servicehospitalopenedin2010.Ithas150privaterooms,stand-alonewomen’scenter,eightoperatingsuites,27emergencydepartmentbays,14neonatalintensive
caresuitesandroomservicedining.St.ElizabethCentralhospitalprovidesmedicalandintensivecare,psychiatricservices,emergencycare,andinpatientandoutpatientrehabilitationservices.TheFranciscanPhysicianNetworkoffersprimaryandspecialtyhealthcare,primarilyfromtwoeast-sidemedicalofficebuildings.TheFranciscanSt.ElizabethHealthsystememploys88physicians,701registerednursesand1,782supportstaff.
st. viNCENt sEtoN spECiAltY HospitAl, housedinFranciscanSt.ElizabethCentral,isalong-term,acutecarehospitalprovidingcomplexmedicalservicestothemostcriticallyillpatients.
OtherhealthcareprovidersareRiggsCommunityHealthCenter,forthemedicallyunderserved,andUnityMedicalCenter,withdozensof physicians,labsandotherservices.RiverBendHospitalprovidesmentalhealthcare.SycamoreSpringsisaninpatientpsychiatricandsubstanceabusetreatmenthospital.
Medical
GG r e at e r
L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CommerCialresidential
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19
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
RECENt ACtivitYoPenings
ACCElERAtED pHYsiCAl tHERApY
fRANCisCAN HEAltHY liviNg CENtER
HEAltH QUEst NAtURopAtHY & EstHEtiQUE sKiN CARE sAloN
HomECARE BY DEsigN, secondlocation
iU HEAltH ARNEtt WestLafayettemedicalofficebuilding
lAfAYEttE pAiN CARE
lAfAYEttE REgioNAl REHABilitAtioN HospitAl, operatedbyErnestHealth
lAfAYEttE REgioNAl vEiN/lAsER CliNiC
mEDExpREss,neighbor urgentcarecenter
renovAtions
iNDiANA vEtERANs’ HomE,$5.7Mrenovation
KAtHRYN wEil CENtER foR EDUCAtioN
Addition
wEstmiNstER villAgEretirementcommunity,$10Minadditionalhousing,tobreakground2014andopen2015
otHer
Riggs CommUNitY HEAltH CENtER receivedagiftof itsannexfacilityfromFranciscanSt.Elizabeth;itnowoperatesthreesitesandservedarecordnumberof patientsin2013,morethan12,000.
Nonprofit Sector
RECENt ACtivitYJAN ANDRE BootsmA ARts BUilDiNg, a13,000sf downtownbuildingadjacenttoLongCenterforthePerformingArts,tobeconvertedtooffice,meetingandpracticespace,withsomeapartmentsremaining;purchasedwith$1MgifttoLongCenterInc.
CHRist UNitED mEtHoDist CHURCH,$1.3Mremodel,addition
tHE CommUNitY foUNDAtioN of gREAtER lAfAYEttE,whichmanagesendowmentsandfundsforindividualsandorganizations,disbursed$768,600ingrantsto84nonprofitsin2012,launchedamatchingcampaignforagencyendowments,established15newfunds.
DUNCAN HAllspent $432,000onaremodel.
fAitH wEst, $12M,four-story religiousfacilityopenedon6.5acresatNorthwesternandLindbergbyFaithChurch;housesworshipspace,communitycenter,gym,fitnesscenterandpreschool;threefloors(42apartments,120beds)of studentcovenantapartments.
RigHt stEps CHilD DEvElopmENt CENtERs isthenewnameforTippecanoeCountyChildCare.Itoperatesfourchildcarecenters,resourcenetwork,afterschoolprograms.
UNitED wAY of gREAtER lAfAYEttE exceededits 2013campaigngoal,raisingmorethan$4.9Minpledgesanddonations;theagencyprovidesfundingfor23localsocialserviceorganizations.
MEDICAL | Continued
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G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
Public Works
fiBer
ovERviEw umerousfirmsofferInternetand fiberservicestobusinessesandhomes, rankingthecommunityaheadof thepackforavailability.
RECENt ACtivitYmEtRoNEtinvesting$60Min465milesof fibertobringFibertotheHometoLafayetteandWestLafayette.
wiNtEK,whichprimarilyservicesbusinesses,continuesits$1.7Mupgradetoitscorenetworktobringbackbonespeedsupto10Gbps.
trAnsPortAtion
CitYBUs. 2013:Opened$2.2Mdowntowntransfercenter.
RoADwoRK/sEwER woRK
lAfAYEttE:$28.3Minvariousroadprojects;DurkeesRunstormwaterprojectandstormwaterparkatJeffersonHighSchool.
wEst lAfAYEttE:Northwestern,$5.5M;streetresurfacing,$780,000;sidewalkrepairs,$365,000.
HoosiER HEARtlAND CoRRiDoR,$450M,Lafayette-to-FortWaynefour-lanehighwaycompleted.
Us231,$36MrelocationaroundWestLafayetteopened;includes6milesof bicycle/walkingpaths.
iNtERstAtE 65 tobewidenedtosixlanesina$69millionstateprojectfromSR25toSR38inTippecanoeCountybeginninglate2014andfinishinglate2016orearly2017.
PArks/coMMunity fAciLities
lAfAYEttE: ColumbianParkZooaddinga$150,000depotforparktrainandspending$200,000torenovatepartof LoebStadium.Otherprojects:$3.4MinimprovementsatRiehlePlazaandpedestrianbridgeplannedfor2014;MurdockParkbasketballupgrade,fundedbydonation.
wEst lAfAYEttE:HappyHollowParktogeta$50,000upgradein2014,andanother$150,000inupgradesoverthenextfewyears.
stAtE: pRopHEtstowN stAtE pARK opened$6Mswimmingfacility.
AnnexAtion
wEst lAfAYEttEisfinalizingannexationof nearly4,000acres(323parcels),includingPurdueUniversityandPurdueResearchFoundation-ownedland;itwillincreasecity’spopulationfrom29,526to41,727.
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CommerCialresidential
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AovERviEw monglocalrealestateagencies (alphabetical):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:200acresof 725-acreparknowhaveinfrastructure.Currently,theparkhas51buildings;1.3Msf isownedorleasedby160companies;about3,200employeesworkinthepark(largestfirmisStateFarmInsurance,535employees).Theparkhas350,000sf of incubatorspace,thelargestinstitutionallyoperatedtechnologyincubatorprograminthenation.DesignatedanIndianaCertifiedTechnologyParkin2003,allowinglocaloptionandstateincometaxesfromemployeestobecollectedinadevelopmentfund.Parkhasa$1.3BeconomicimpactonIndiana.
RECENt ACtivitYMixed-use, MuLtifAMiLy deveLoPMents Announced/under wAy
320 gRANt st.,$17Mmultifamilyproject.
516 NoRtHwEstERN, $25Mmulti-usefacilityunderway.
BoilER gAtEwAY, 135-unitapartment
projectplannedforStateandSalisbury,WestLafayette,bydeveloperBoulderGroupLLC.
CUmBERlAND pRopER: J.C.Hart,Carmel,planningtodevelop266-unitplanneddevelopment,westendof Cumberland,19acres,toinclude24apartmentbuildings,11duplexes,clubhouse,EnglishTudorstyle,projectnowinreview.
HAYEs tRiANglE/wANg HAll (pURDUE): $38.9million,147,000sf,four-storybuildingin500blockof Northwestern,underwaybyowner,PurdueResearchFoundation,whichwillleaseparttoPurduefortheSeng-LiangWangHallof ElectricalandComputerEngineering.Plansalsocallforleasestoretailersandafinancialinstitution.
HomE plACE sENioR ApARtmENts, informermedicalofficebuilding,40units,3-stories,inplanningstage.
lAKEsHoRE, 53unitsof multi-familyhousingplannedin2014.
REgAl vAllEY CommoNs,$30Mretail/commercialdevelopment,VeteransMemorialParkway,on29acres.
soUtHERN wiNDs,additional100unitsplannedfor2014.
stADiUm CApitAl/720 NoRtHwEstERN (jointventure:CampusAcquisitionsandSouthStreetCapital),buildingafive-story,mixeduse,retail/apartmentproject(twoblocksnorthof HayesTriangle,above),withtwolevelsof undergroundparking,405spaces;apartments:490beds;retail:FreshMarketgrocery,bookstore,RegionsBankandfast-foodrestaurantsongroundfloor.
stAtE stREEt CoRNER, StateandNorthwestern,49,500sf,5-story,with24apartmentsandthreefloorsof retailspace,includingaCVSPharmacy(replacing
Real Estate/Developments
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CommerCialresidential
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G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
SmoothingKingandWhereElse?Bar);yettobegin.
coMMerciAL
DUNCAN pARK (INOKInvestments),addinga13,000sf newbuildingand14,000sf additiontoexistingbuildingforACell;tobecompleteday2014.
iNNovAtECH improvingfacility,$50,000.
mARKEt sQUARE sHoppiNg CENtERacquiredbyLafayetteMSPLLC,severalinvestors,includingJennieKirby,KirbyRealtyowner;30tenants;exteriorrenovated.
mARKEt soUtH,$975,000,VeteransMemorialParkway,announced.
residentiAL
CENtENNiAl towNHomEs: DevelopernowbeingsoughtforformerMidwestRentalssiteon5thStreetdowntown;apublic/privatedevelopment;$5millionprojectexpected.
tHE CottAgEs oN liNDBERg plannedforLindbergandMcCormickRoads;129single-familyandduplexunitsforstudenthousingon18-acresite;toincludeclubhouse,trails,volleyballandbasketballcourts.
mAiNstREEt pRopERtiEs, of Carmel,developing$14Massistedlivingfacility,formerHomeHospitalsite;100beds,singlestory,66,000sf,toopensummer2014,toemploy130,yettobenamed.Toincludecafé,hairsalon,theatre,courtyard,pedestrian/biketrailtotietoColumbianPark.
NoRtHwEstERN & mERiDiAN, GarySchroederplanning3-storyapartmentcomplex(818Northwestern),timelinenotyetset.
pARK plACE ApARtmENts, .75-acresite,$1.24M,three-storybuilding,23units,51bedrooms,440S.Chauncey(GregMilakis).
pi BEtA pHi soRoRitY, $700,000renovation.
UNivERsitY tERRACE,three-story,25-apartmentunitwith53bedrooms,plannedfor105E.StateSt.,nearPurdue,toincludetwo-storyparkinggarage(GregMilakis).
wEiDA ApARtmENts,404Brunswick,$1.3M,16units.
BuiLding/sALes Activity
REsiDENtiAl sAlEs,allof TippecanoeCounty
2013: 2,148propertiessold,$322.1M;averageprice$149,953
2012: 1,923propertiessold,$283.5M;averageprice$147,441
2011: 1,627propertiessold,$219.6M;averageprice$134,997
2010: 1,674propertiessold,$233.2M;averageprice$139,306
2009: 1,774propertiessold,$245.5M;averageprice$138,369
siNglE-fAmilY BUilDiNg pERmits,allof TippecanoeCounty
2013: 454
2012: 496
2011: 462
2010: 381
2009: 405
mUlti-fAmilY BUilDiNg pERmits,allof TippecanoeCounty
2013: 433units,5sites(720 Northwestern,FaithWest,Morris Rentals,SouthernWinds, WinfieldFarms)2012: 175units,3sites
2011: 395units,4mainsites,othersinfill
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Recognitions
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
CHICAGO
LAFAYETTE
INDIANAPOLIS
No. 3,Luminosity’sSmartestCitiesforcognitivepower.
iN top 100metropolitanareas,USAToday,forincreaseinpercentof populationandnumberof peoplewithbachelor’sdegreesfrom2006to2011;increaseswere45.1percentand4,708individuals.
tourisM
No. 14of 51,MSNLiving/Parentingmagazine,mini-vacationspotrankings.
indiAnA
No. 1intheMidwestandNo.5nationally,Chief ExecutiveMagazine,BestPlacetoDoBusiness.
No. 2,SiteSelectionMagazine,Top10CompetitiveStates.
No. 10,StateBusinessTaxClimateIndex,byTheTaxFoundation
2012No. 2,America’sBrainiestCities,TheAtlantic,basedonnumberof collegegraduates,percentworkinginknowledgeandcreativeworkandotherperformancedata.
No. 8,BestCollegeTownsinAmerica,AmericanInstituteforEconomicResearch,basedonarts,leisure,employment,entrepreneurialactivityandotherfactors.
No. 15,Forbes,BestSmallPlacesforBusiness&Careers(citiesunder250,000);No.23,costof doingbusiness;No.64,jobgrowth;No.30education.
No. 37of 179,BestSmallestMetros,MilkenInstituteBest-performingCitiesIndex,forjobcreation,economicgrowth.
wAll stREEt JoURNAl smARt moNEYnamedLafayetteasoneof fourplacestoconsiderforretirement.
iNDiANA No. 14,CNBC,BestStatestoDoBusiness;No.7,Costof Living.
Unless otherwise noted, recognitions are for Lafayette MSA, which includes Benton, Carroll and Tippecanoe counties.
2013Business
No. 1inIndianaandNo. 8nationally,Fortune,BestPlaceforSmallBusiness,basedoncostof business,jobsgrowth,educationalachievements.
No. 2 inIndianaforSTEMjobdensitywith13.6percentof theworkforce,toppingthestate’s10.9percentandnationalaverageof 11.9percent(Lafayetteisup70.6percentsince2001,with4,850newSTEMjobs).
No. 17of 200,NewGeography,BestCitiesforManufacturing.
ECoNomiC fRoNt-RUNNER,AreaDevelopmentMagazineinLeadingLocationsList.
No. 20Best-PerforminginSmallCitiesrankingbyMilkenInstitute,basedonjobcreationandtechnology.
No. 21of 25,MoneyMagazine,WestLafayette,forcitieswithyoungestpopulation;medianage23.5.
coMMunity
No. 15 MostSecureMidsizedMetropolitanArea,FarmersInsurance.
educAtion, BrAin Power
No. 1fornumberof graduatesincomputerspercapitaandNo.17of 20formetrosproducingcollegegraduatesincomputers,ExpansionSolutionsMagazine.
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PuBLic scHooLs
lAfAYEttE sCHool CoRp. 11schools,7,036students;1FourStarschool
tippECANoE sCHool CoRp.18schools,11,844students;5FourStarschools
wEst lAfAYEttE CommUNitY sCHool CoRp.3schools,2,138students;3FourStarschools
educAtion
P-12 Schools
RECENt ACtivitYNEw CommUNitY sCHool,acharterschoolforgradesK-6foundedin1992,consolidatedinitsfirstschool-ownedsite($1.5M);15classrooms,44,000sf;enrolls230withplansfor350.
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
ovERviEw orethan8,600studentsenrolled inIvyTechCommunityCollege LafayetteRegioninfall2013,withanother3,000fromotherregionstakingdistanceeducationcoursesthatoriginateinLafayette.Thepublic,open-accesscollege,whichemploysnearly700,hassevenbuildingson51acresinLafayette.Itsfacilitiesincludeajoint-usecollege/publiclibrary.ItalsooperatesadowntownLafayettesatelliteandseveralregionalsites.
Thecollegeofferscoursesinmorethan80programsof studyandawardsassociatedegreesandtechnicalcertificates.Studyareasincludebiotechnology,advancedmanufacturing,agribusiness,alternativefuelstechnology,liberalarts,elementaryeducation,computerinformationtechnology,surgicaltechnology,criminaljusticeandnursing.Thecollegealsooffersspecializedworkforcetrainingandcontinuingprofessionaleducation.
RECENt ACtivitY$500,000remodeltocreate“OneStop”forstudentservices,IvyHall.
Ivy Tech Community College
AmERiCAN HoNoRsassociatedegreeprogramdebuted,preparingstudentsfortransfertofour-yearcollegeoruniversity.
CRAig poRtER ENERgY CENtER, $750,000,1,000sf buildingopenedJuly2013,trainingfacilityforenergytechnologytechnicians;poweredbyrenewableenergysystems.
fRANKfoRt campusopenedfall2013.
NEwtoN CoUNtY iNstRUCtioNAl CENtERopenedfall2013.
CitY of CRAwfoRDsvillE builtandleased$4.2Mfacility forIvyTech,allowingthecollegetooperateafull-degreegrantingcampusinMontgomeryCounty.
CoRpoRAtE CollEgE:In2013servedmorethan5,000membersof theregionalworkforceand120businesses,buildingworld-classtalentandsupportingbusinessgrowththroughskillscertification,employeeselectionandbusinessconsulting.
possiBlE ExpANsioN:Collegeisplanningtorequeststatefundingforan80,000sf,$25Mbuilding,nowinconceptualstage.
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ovERviEw ndianaUniversitySchoolof Medicine– LafayetteoperatesonthePurdue Universitycampus,admitting16first-yearmedicalstudentseachfall.
RECENt NEwsTheschoolwillmoveintoanewfacilityfall2014,occupyingpartof theLyles-PorterHallof HealthandHumanSciencesatPurdue.IUHealthArnetthaspledged$1Mforthebuilding’scollaborativelearningcenter.
Indiana University School of Medicine - Lafayette
I
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
WovERviEw estLafayettecampusenrollment: Fall2013,38,788students,8,702of theminternationalstudents.Employed:15,612facultyandstaff,including1,807tenuredandtenure-trackfaculty,and187distinguishedandnamedfaculty.Degreesofferedintheschoolsandcollegesof agriculture,education,engineering,healthandhumansciences,nursing,liberalarts,management,pharmacyandpharmaceuticalsciences,science,technologyandveterinarymedicine.About6,800earnundergraduatedegreesannually;1,600,master’s;and650,doctorates.
Facilities:Some375buildingson17,794acres,includingfarmland.Sponsoredresearchfunding:$320.2Mforfiscalyear2012-13($354M,2011-12;$419.6M,2010-2011;$438M,2009-10;$342.2M,2008-09);amonghundredsof specializedcentersarecollaborativemanufacturing,managementof manufacturingenterprises,pharmaceuticalprocessingresearch,computerintegratedgoodmanufacturingandsoftwareengineeringresearch.
University’seconomicimpactinthestateismorethan$4.59Bannually.
RECENt ACtivitYpURDUE movEsannounced,a10-pointeffortincludingenhancementsinSTEM,research,moreon-campushousing,neweducationmodels,andaffordability.
HoNoRs: Universityimplementedhonorscollegeprogramfall2013.
DisCovERY pARK pARtNERs, 10,000sf co-workingfacilityopened2013(seeCo-working).
tHE pURDUE foUNDRY opened2013inBurtonMorganCenterforEntrepreneurs,toassiststartups.
pAtENtsPurdueResearchFoundationannouncedNovember2013:314inventiondisclosures,491patentapplications,106issuedpatentsforthelastyear.
NEw fACilitiEs/RENovAtioNs RECENtlY ComplEtED • $98MrenovationCórdovaRecreational
SportsCenter,completed2012.
• $29.7M,68,780sf CenterforHighPerformanceBuildingsandHerrickLaboratoriesreplacementopenedMay2013.
Purdue University
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• $30.75M,71,822sf thirdandfinaltoweratFirstStreetTowersresidentialcomplexcompletedMay2012.
• $21MNorthwestAthleticsComplex:newbaseballstadium,improvementstosoccerfieldcompletedspring2012.
• $9.8M,47,298sf WindsorResidenceHallrenovations,PhaseV,openedAugust2012.
• $6.3M,69,780sf LillyHallPhaseVIIrenovation,openedMarch2013.
• $5.7MWetherillLaboratoryof Chemistry,airhandler,completed2013.
• $4.5M,36,752sf YoungHallrenovation,openedJune2013.
UNDER wAY• $54M,112,000sf Lyles-PorterHalland
attached850-spaceHarrisonStreetparkinggarage,toopenfall2014inLifeandHealthSciencesPark,forspeech,languageandhearingsciencesandotherhealthprograms.
• $37.4M,300-bed,124,189sf VawterFieldHousingwithrestaurantandconveniencestoretobeoccupiedfall2014.
• $38.9M,147,000sf HayesTrianglemulti-usefacility,516NorthwesternAve.,toinclude$18MWangHallof ElectricalandComputerEngineering,retailersandafinancialinstitution,toopensummer2014.
• $29.5M,81,500sf CenterforStudentExcellenceandLeadershiptoopensummer2014.
• $28.7M,65,400sf drugdiscoverybuildingforCenterforPharmaceuticalDevelopmenttoopenspring2014inLifeandHealthSciencesPark.
• $15.9M,28,600sf multidisciplinarycancerresearchcenter,additiontoBindleyBioscienceCentertoopenwinter2014.
• $8MBaileyHallforPurdueMusicalOrganizations,15,328sf,toopenfall2014.
• $4.1MStewartCenterfirealarmandsprinklersystem,tobecompletedwinter2014.
plANNED• $79MActiveLearningCenter,162,000sf,
tobeginfall2014,openspring2017.
• $70Mseveral-buildingrenovation,Engineeringfacilities,tobeginfall2014andbecompletedbyyearend2018.
• $58Manimalsciencesfacility.
• $13Msoftballstadium.
PURDUE UNIVERSITY | Continued
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
TRENDS
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ECoNomiC
PublishedbyGreaterLafayetteCommerce,Economic TrendshighlightsactivitiesandinvestmentsimpactingtheeconomyinTippecanoeCounty,Indiana.Formoreinformation,visit
www.GreaterLafayetteCommerce.com
GreaterLafayetteCommerce337ColumbiaSt.P.O.Box348LafayetteIN47902765/742-4044
sitE AvAilABilitY:http://statein.zoomprospector.com
EDitoRsJodyHamiltonDirectorof [email protected]
LaurenDavisEconomicDevelopmentProgramManagerldavis@greaterlafayettecommerce.com
GreaterLafayetteCommerce,foundedin1927,isanonprofitmembershiporganizationsupportedbylocalindustriesandgovernments.Itsmissionistoadvanceeconomicandcommunityprosperityforasuperiorqualityof life.
February2014
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ovERviEw everalothereducatorsofferprograms foradults.LafayetteAdultResource AcademyprovidesbasicskillstrainingandstudyfortheTestforAssessingSecondaryCompletion;ExcelCenterprovidesadulthighschooleducation.OnandoffsiteworkforcetrainingisofferedbyIvyTechCorporateCollege.Andnationallyaccredited,career-focusedHarrisonCollegeoffersninebusinessandfourhealthscienceprograms,awardingcertificates,associateandbachelor’sdegrees.LeadershipLafayetteprovidesanannualcommunityleadershipprogram.
Workforce Development
RECENt ACtivitYADvANCiNg mANUfACtURiNg: wE HAvE JoBs HERE, wE HAvE tRAiNiNg HERE, launchedin2012byIvyTechCorporateCollege,WorkOneandGreaterLafayetteCommercefordirect-hiremanufacturingjobsandascholarship-fundedcertifiedproductiontrainingprogram(seeCommunityInitiatives).
ExCEl CENtER,publiccharterschoolthroughGoodwillof CentralIndiana,opened;free,servingupto300adultsseekingCore40highschooldiploma;day,eveningclasses.
lAfAYEttE ADUlt REsoURCE ACADEmY isserving1,700studentsinthe2013/2014academicyear.
tRiCoCCi UNivERsitY BEAUtY CollEgE ACQUiRED lAfAYEttE BEAUtY Academy,remodeled.
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