Greater Lafayette Commer TRENDSCe - Henry Poor Lumberhenrypoor.com/blog/wp-content/uploads/2014/04/Economic... · 2014-04-23 · 3 nonProfit fAitH wEst $12M worship/community center

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

2

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

Publication funded by

3

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


TRENDS


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


4

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


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




5

Advanced Manufacturing | Continued


TRENDS

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


6



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



7



TRENDS

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.



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


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



9

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


TRENDS

High-Tech | Life-Science Businesses | Continued



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



TRENDS



11

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



TRENDS



12

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



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



13

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


TRENDS




14

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.

G

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


TRENDS



15


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

L



16

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


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



17


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

G

coMMunity

Initiatives



18

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



19


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



20


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.

N



21

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


TRENDS



22


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





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

Real Estate/Developments | Continued



23

Recognitions


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.



24

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.


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

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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


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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 [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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Documents

Greater Lafayette Commer TRENDSCe - Henry Poor Lumberhenrypoor.com/blog/wp-content/uploads/2014/04/Economic... · 2014-04-23 · 3 nonProfit fAitH wEst $12M worship/community center