Off to a Great Start in 2012 anuary 2012 announcements of $108.5M in new projects kicked off what stands to be a robust year. The projects: A new $90M, 115,000sf aluminum lithium plant on the Alcoa campus to open in 2014 will add 75 new jobs; and a new $18.5M, 55,000sf Ernest Health inpatient rehabilitation hospital to open in 2013 will employ 75. New Manufacturer, Life Science Startups and Expansions Headline 2011 Nanshan America Advanced Aluminum Technologies’ announcement that it will build a $100 million manufacturing plant and employ 200 making extruded aluminum products topped the news in 2011. Nearly another $400 million more in capital investments includes expansions at eight existing industries, new real estate developments and other new businesses. Continued growth in life science startups, medical facilities and public works also reflect robust economic activity. Highlights • $444.3M in capital investments made or announced in 2011 ($640.1M in 2010; $340.93M in 2009; $592.9M in 2008) • New industries: Nanshan and Graybar • Expansions at eight industries • 41 new retailers and restaurants in 2011 (35 in 2010; 40 in 2009) • 12 new medical facilities in 2011 • 12 new life science/high-tech startups in 2011 (7 in 2010; 11 in 2009) • 1,627 homes sold in 2011; (1,674 in 2010; 1,700 in 2009) • 462 new single family building permits in 2011 (381 in 2010, 405 in 2009) Recent Activity Quick Glance, 2011 Positive Activity Industrial ALCOA: $3.8M in environmental, wastewater treatment enhancements CATERPILLAR: $2.7M in investments, increased employment COLEMAN CABLE: $18.5M in investments, increased employment DAYTON-PHOENIX GROUP: Relocated to single site, $.7M facility upgrade FAIRFIELD MANUFACTURING: Increased employment GRAYBAR: Opened Lafayette supply chain management and logistics services site INDUSTRIAL PALLET CORP.: Investing $5M to $8M, facility expansion, adding employees IN THIS ISSUE Finance | Insurance 21 High-tech | Life Sciences 10 Industry 6 Ivy Tech 24 Media 22 Medical 19 Nonprofit Sector 22 Professional 15 Public Works | Schools 23 Purdue University 25 Real Estate Developments 17 Retail | Hospitality | Tourism 15 Sustainable Energy 9 TRENDS GREATER LAFAYETTE COMMERCE ECONOMIC YEAREND 2011 J
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Off to a Great Start in 2012 anuary2012announcementsof $108.5M innewprojectskickedoff whatstandsto bearobustyear.Theprojects:Anew$90M,115,000sf aluminumlithiumplantontheAlcoacampustoopenin2014willadd75newjobs;andanew$18.5M,55,000sf ErnestHealthinpatientrehabilitationhospitaltoopenin2013willemploy75.
New Manufacturer, Life Science Startups and Expansions Headline 2011
Ivy tEcH cOMMuNIty cOLLEGE building$750,000,1,000sf CraigPorterEnergyCenter,tobepoweredsolelybyrenewableenergyaslearninglabforenergytechnologyprogramstudents,toopenfall2012
purDuE ENErGy pArk plannedfornorthwestTippecanoeCounty;Purdue,PurdueResearchFoundation,andPerformanceServicesdeveloping$200M,50-turbine,100megawattwindfarmonPurdue’s1,600-acreAnimalSciencesResearchandEducationCenterand2,400acresof privateland
High-tech/Life SciencesNEW cOMpANIES LAuNcHED IN 2011: CellafloraDesign,FoundOPS,FutagoInc.,HNTBLiDARLab,Mor-NuCoLLC,NanoSenseInc.,PARSECSolutions,Purdue
rEILING, tEDEr, SHrIEr LAW FIrM movedtoRenaissancePlace($.3Mbuild-out)
retail/Hospitality/tourismrEtAIL OpENINGS, 2011, pLANNED FOr EArLy 2012: Adelino’sMarketplace&Deli,AmericanFreightFurnitureandMattress,BasketworksandMore/Artof LifeCafé,Brad’sMotorMarketplace,CitiTrends,CGVision,ExpressStore,FlooringExpress,Fanzz,JF&Company,JumpIt,Louie’sTuxShop,Marathon/QuickPantry(downtown),secondMike’sCarWash,Natalie’sSecondHandShop,NFPTStrength&Fitness,O’ReillyAutoParts,Kroger/PayLessFuelStationEast,PetSuppliesPlus,PortraitInnovations,PubsandBubblesPetSpa,RedPoppyStudios&Gallery,Robots&RoguesNew&UsedBooks,SomethingBlueBakery,SpeedProImaging,TeekiHutT-shirts
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
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uNIvErSIty tErrAcE planned,three-story,25-apartmentunit/parkinggarageprojectnearPurdue
purDuE FEDErAL crEDIt uNION namedoneof 70BestPlacestoWorkinIndianabyIndianaChamberof Commerce,2011;openedbranchatIvyTechCommunityCollege
rEStAurANt OpENINGS, 2011, pLANNED FOr EArLy 2012: BigTime’sBar-B-Que,Dawson’sSchoolHouseof Chili,EchoKaraoke,FirehouseSubs,FortuneHouseBuffet&Grill,FoxPizzaDen,Fuzzy’sTacoShop,Jethro’sBBQn’Grill,Niko’sSpicyPickle,TheOtherPubnewbuilding,PizzaKingWest,PreRestaurantandLounge,SouthsideDiner,TeppanyakiGrill,UncorkedWineBar
cLub NEWtONE spent$.8Mtorenovateitsfitnessfacility
HOLIDAy INN ExprESS buildinga$1.7M,83-roominnoff SR26EastonProgressDrive,toopen1stquarter2012
kENDrIck NISSAN isspending$.7Monaremodel
LAFAyEttE-WESt LAFAyEttE cONvENtION & vISItOrS burEAu welcomed425conferencesandmorethan50,000delegatesin2011
MIkE’S cAr WASH expandeditsoriginalfacility
pAyLESS WESt LAFAyEttE: $1.3Mremodel
rOHrMAN tOyOtA iscompletingitsdealershiponStateRoad26
tHrEE WALGrEENS remodeled,$1.7M
WALMArt WestLafayettespent$1.1Monrenovation
yMcA openeddowntownfacilityinRenaissancePlace
real Estate brOWN StrEEt tOWNHOMES, public/privateprojectplannedneardowntown,14-18townhouses
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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Nonprofit cOMMuNIty FOuNDAtION OF GrEAtEr LAFAyEttE disbursed$636,221ingrantsandscholarshipsin2010
ISLAMIc SOcIEty isintheplanningstagesforconstructingacommunitycenter
LAFAyEttE FAMILy yMcA received$50,000AlcoaFoundationgrantand$6,500J.C.Penneygrantformobilegyms,watersafetyequipmentandhealth/fitnessandswimsafetyprograms,2011
LONG cENtEr FOr tHE pErFOrMING ArtS purchasedadjacenttwo-storybuildingatSixthandColumbiaforartsgroups’officeandrehearsalspace
tIppEcANOE cOuNty pubLIc LIbrAry addingTechnologyCommonsin2012,renovatingadjacentbuildingforoffices,$600,000investment
trINIty IMMANuEL uNItED cHurcH OF cHrISt undergoing$1Mrenovation,addition
uNIvErSIty cHurcH $560,000remodelunderway
uNItED WAy OF GrEAtEr LAFAyEttE’S 2011campaignexceededitsgoal,raising$4.6millioninpledges;ReadtoSucceedlaunched,placing250volunteersinfivepublicschools;$60,000fundingfromWalmartFoundationtohelpprogramexpand
WOLF pArk builtWrightLearningCenteronitscampus
public Works/SchoolscOLuMbIAN pArk ZOO tobuilddonor-funded,$300,000educationcenter
FOur StArS: Threeelementaryschoolsearnedstate’shighestranking:Miller,BurnettCreek,CumberlandandHappyHollow
Ivy tEcH cOMMuNIty cOLLEGE: 2011:Cityof CrawfordsvilleisbuildingafacilitytobeleasedtoIvyTechthatwillallowthecollegesitetobecomeafull-degreegrantingcampus;inLafayette,thecollegelaunchedaone-yearacceleratedassociatedegreeprogramwith$1Mprivatescholarshipfundingfor25studentsayear;enrollmenttopped7,600forfall2011;smallagbuildingaddedtocampus;launchedIvyTechRenaissanceInstructionalCenterindowntownLafayettein200,000sf of spaceinRenaissancePlace,with750studentstakingclasses;launchedIvyTechCorporateCollege
cAtErpILLAr LArGE ENGINE cENtEr1,800employeesDieselandnaturalgasengines2011:AddedLEDlightingsysteminmanufacturingarea;invested$2.7Mintestfacilityandmetaltestcell.
Nanshan America Advanced Aluminum Technologies is building a $100M aluminum extrusion plant in Lafayette. Pictured are Nanshan's Lijun Du and Lafayette Mayor Tony Roswarski. Both the city and Tippecanoe County provided incentives.
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cOLEMAN cAbLE INc. 147employeesWiremanufacturing2011:$18.8millioninvestmentinrealestateandnewequipmenttomakelargercable;toadd25employeesintwoyears.
DAytON-pHOENIx GrOup INc.56employeesBrakingresistorsforfreight,off-highwayvehicles2011:MovedtovacantSwisherRoadsite,invested$.7Minfacilityupgrade,toreachemploymentof 80infiveyears.
vOEStALpINE rOtEc GrOup 84employeesPrecisionsteel/aluminumcomponents,pedalboxspacertubesandseatbelt/airbagcomponentsforautoindustry.2011:Spending$2.5Mtoexpandfacilityandincreaseproduction;hiringanother15.
INDUSTRY | CONTINUED
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WAbASH NAtIONAL cOrp.4,300employeesCommercialsemi-trucktrailersandrailtrailers2011:Releasednewproduct:industry’sfirstdryfreightvanwith35,000lbfloorrating,DuraPlateXD-35,whichallowsdryvanhaulingforitemsusuallyhauledonaflatbed;increasedemployment;makingupto48,000trailersthisyear;enteredintoagreementwithSabreManufacturing,Knox,Ind.,toproduce2,500fractanks(bulkliquidstoragecontainers)overthenextfiveyears;investing$2.5millioninequipmentatsouthplantsiteandhiringupto200tostaff fracproductionline;partof diversificationstrategy.ProductionstartedinApril;toproduce300fractanksin2011.2010:25thanniversary,locallyheadquartered;produced24,900trailers(12,800in2009,33,300in2008).
WArEHOuSE OF LAFAyEttE LLcDistributionfacilities,1.8Msquarefeet
recent ActivityIvy tEcH cOMMuNIty cOLLEGE building$750,000,1,000sf CraigPorterEnergyCenter,toopenfall2012,tobepoweredsolelybyrenewableenergyaslabforenergytechnologyprogramstudentstolearnaboutrenewableenergies,smartgridintegrationandelectricvehiclechargingstations(moredetailsinIvyTechsection).
cItybuS: Three windturbinesarepoweringitsfacilities;thepublictransportationcompanyreceived$2.18Mingreenhousegasreductionfundingfortheproject
SUSTAINABLE ENERGY
purDuE ENErGy pArk plannedfornorthwestTippecanoeCounty;Purdue,PurdueResearchFoundationandPerformanceServicesworkingtodevelop$200M,50-turbine,100megawattwindfarmonPurdue’s1,600-acreAnimalSciencesResearchandEducationCenterand2,400acresof privateland.Plansaretoincludeawelcomeandinnovationcenterandfacilitiestostudysolarenergy,waterfiltration,windenergyandbatterystorage.ProjectoriginallyannouncedasPerformanceParkWindFarm($115M)coveringprivatelandownersonly.Goalistosolidifyprojectplansbyyearend2012.
INvENErGy WIND LLc of ChicagoiseyeingasouthwesternTippecanoeCountyareafora133-turbinewindfarm.
DELMAr INFOrMAtION tEcHNOLOGIES LLcCustomsoftwareusedinvotecenters2011:ReceivedIndianaInnovationAwardfromGreaterIndyInnovationRoundtable;launchedSwoosh!,anapptorecordandanalyzebasketballstatsinrealtime.
DEvELOpMENt cONSuLtANtS INc.Materialsdesign,manufacturingconsulting
DOW AGrOScIENcES19Researchfacility,greenhouse2011:SeedqualitycontrollabmovedfromIowatonewfacilityinPurdueResearchPark,tohire27full-timeand15seasonallyforseedlabby2014.2010:NewresearchgreenhousededicatedinPurdueResearchPark;companyoccupies15,000sf of officesinKurzPurdueTechnologyCenter;anticipatesemploymentgrowth.
LIFE pLuS LLc26employeesToxicologyservices,testingandmedicaldevicesHelpsmultinationalcompaniesmeetChineseregulationsonchemicalpurchases/sales;alsooperatesofficeinBeijing
LItE MAcHINES cOrp.8employeesRadio-controlledhobbyhelicopters;high-techsurveillanceequipment
SENSIENt FLAvOrS AND FrAGrANcES LLcMakingcolors,flavorsandfragrancesforfood,beverages,cosmetics,pharmaceuticalingredients,imagingsystemsandotherapplications
trIcLINIc LAbSConsulting,labworkforsolid-statechemicaldevelopment2011:Added5,000sf of labandofficespaceinInnovatechBuildingforinstrumentation,organicandanalyticalchemistrylabs,offices,conferencerooms;hiring10.
INFOrMAtION kIOSkS: Lafayette-WestLafayetteConvention&VisitorsBureauinstalledtwoinformationkiosksin2010andeightin2011;sixareinLafayetteandfourareinWestLafayette.
cLub NEWtONE isnewnameforNewtoneFitnessCenter,renovationcompleted2011.
NFpt StrENGtH & FItNESS opened.
LAFAyEttr FAMILy yMcA openedsecondfacilityinRenaissancePlace,downtown,received$50,000Alcoagrantand$6,500J.C.Penneygrantformobilegyms,watersafetyequipmentandhealth/fitnessandswimsafetyprograms,2011.
G r e at e r L a fay e t t e C o m m e r C eECONOMIC
PurdueResearchPark:Markedits50thanniversaryin2011;200acresof 725-acreparknowhaveinfrastructure.Currently,theparkhas51buildings;1.3Msf isownedorleasedby160companies;about3,200employeesworkinthepark(largestfirmisStateFarmInsurance,535employees).Theparkhas350,000sf of incubatorspace,thelargestinstitutionallyoperatedtechnologyincubatorprograminthenation.DesignatedanIndianaCertifiedTechnology
brOWN StrEEt tOWNHOMES:public/privateprojectneardowntown,LafayetteRedevelopmentCommission,LafayetteUrbanEnterpriseAssoc.,neighborhoodinvestorstobuild14-18townhousesonvacatedcommercialproperty.
tHE cOttAGES ON LINDbErGplannedforLindbergandMcCormickRoads;129single-familyandduplexunitsforstudenthousingon18-acresite;toincludeclubhouse,trails,volleyballandbasketballcourts;constructionslatedtobeginsummer2011.
HospitalsINDIANA uNIvErSIty HEALtH ArNEtt HOSpItAL openedatMcCartyLaneandCR500EinOctober2008;the$228M,400,000sf,full-servicehospitalhas152bedswithcapacityfor37more,5operatingrooms,on-demandfoodservice,adjacenthelipad;employmentof 850.Theprojectalsoincludesafive-story,120,000sf medicalofficebuilding,tobebuiltlater.With140providers,anambulatorysurgerycenterandfull-servicehospital,IUHealthArnettisoperatinganintegratedhealthcaresystemofferingpatientsseamlesscare.InSeptember2008,itannounceditwilloperateasanonprofithealthcaresystem.
FrANcIScAN St. ELIZAbEtH HEALtH,anonprofithospitalsystem,operatesFranciscanSt.ElizabethHealth-LafayetteEast,openedinFebruary2010,andFranciscanSt.ElizabethHealth–LafayetteCentral.Combined,theyemployabout2,600.Thenew,$192million,410,000sf,full-servicehospitalwasbuilton103
recent ActivityErNESt HEALtH tobuildan$18.5M,55,000sf inpatientrehabilitationhospitaltoopenin2013andemploy75.
FrANcIScAN St. ELIZAbEtH LAFAyEttE cENtrAL remodeledspacefor15-bedpsychiatricunit.
Iu HEALtH ArNEtt iscompletinga$5M,6thfloorbuild-out.
St. vINcENt SEtON SpEcIALty HOSpItAL,housedinFranciscanSt.ElizabethCenter,isalong-term,acutehospitalprovidingcomplexmedicalcaretothemostcriticallyillpatients.
MEDICAL | CONTINUED
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LAFAyEttE LIFE INSurANcE cOMpANy,with150employees,closedlocaloperationsmid-2011,movedtoparentcompanyWestern&SouthernFinancialGroupheadquartersinCincinnati.
purDuE FEDErAL crEDIt uNION namedoneof 70BestPlacestoworkinIndianabyIndianaChamberof Commerce,2011,forworkplaceenvironmentthatvaluesemployees;openedits10thlocalbranch,atIvyTechCommunityCollege.
M
Greater Lafayette offers diverse landscapes and businesses.
recent ActivitycHurcH OF JESuS cHrISt OF LAttEr-DAy SAINtS dedicatednewchurch,CR450South,spring2011.
tHE cOMMuNIty FOuNDAtION OF GrEAtEr LAFAyEttE,whichmanagesendowmentsandfundsforindividualsandorganizations,disbursed$636,221ingrantsandscholarshipsin2010;donorsestablishedfournewfunds.
LONG cENtEr FOr tHE pErFOrMING ArtS purchasedatwo-story,adjacentbuildingatSixthandColumbiaforartsgroups’officeandrehearsalspace.
tIppEcANOE cOuNty pubLIc LIbrAry acquiredandisremodeling3,500sf buildingadjacenttolibraryforitstechnicalservicesdepartment;spacethedepartmentisvacatingwillberemodeledin2012fortheTechnologyCommons,triplingthenumberof computersandaddingteleconferencing,electronicconferencemeetingspacesandlanguagelearningstations;$600,000buildingcosts.
trINIty IMMANuEL uNItED cHurcH OF cHrISt completeda$1Mrenovation,addition.
uNItED WAy OF GrEAtEr LAFAyEttE exceededits2011campaigngoal,raisingmorethan$4.6millioninpledgesanddonations;theagencyprovidesfundingfor23localsocialserviceorganizations.
uNItED WAy OF GrEAtEr LAFAyEttE launchedReadtoSucceedprogram,placing250volunteersinfivepublicschools;$60,000infundingfromWalmartFoundationreceivedtoexpandprogramin2012andbeyond.
uNIvErSIty cHurcH remodeling,$560,000.
WOLF pArk builtthe2,560sf WrightLearningCenterforeducationprogramsonitswolf researchcampus,opentothepublic.
T
Myers Pedestrian Bridge connects Lafayette and West Lafayette.
WESt LAFAyEttEWabashHeritageTrail:$812,000transportationenhancementgrantreceivedtoextendtrailby1.06milesinWestLafayette,fromtrailsideparkareaalongNorthRiverRoadintoHappyHollowPark;hiking/bikingtrailsnowtop21miles.
LAFAyEttE ScHOOL cOrp.:NontraditionalOaklandHighSchoolopenedfall2011withabout80students;remodel:$.5M.
tIppEcANOE ScHOOL cOrp. nowoperating18schools,$24.6MWyandotteElementaryopenedfall2011onLafayette’seastside.
NEW cOMMuNIty ScHOOL,acharterschoolfoundedin1992with2011enrollmentof 240,tomovetoformerPayLessgroceryspacenearMarketSquarebyfall2012.
ENrOLLMENt, pubLIc ScHOOL cOrpOrAtIONS: 2011
LafayetteSchoolCorp.: 7,075
TippecanoeSchoolCorp.: 11,787
WestLafayetteCommunitySchools: 2,158
INDIANA 2011 FOur StAr ScHOOLS: Miller,BurnettCreek,CumberlandandHappyHollowelementaryschoolsamong162inIndianaoutof 1,780earningthehighestranking,basedonstatetesting.
crAIG pOrtEr ENErGy cENtEr,$750,000,1,000sf-buildingtoopenfall2012,tobepoweredsolelybyrenewableenergyaslabforenergytechnologyprogramstudentstolearnaboutrenewableenergies,smartgridintegrationandelectricvehiclechargingstations.PurdueUniversity,Ener1,GEandSiemensInternationalEducationGrouparecontributingtothecenter.Tobepoweredbytwowindturbinestowers,averticalwindturbine,solarpanelsandbio-diesel/hydrogengenerators.
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
Published byPublishedbyGreaterLafayetteCommerce,Economic TrendshighlightsactivitiesandinvestmentsimpactingtheeconomyinTippecanoeCounty,Indiana.Formoreinformation,visitwww.GreaterLafayetteCommerce.com
GreaterLafayetteCommerce,founded85yearsago,isanonprofitmembershiporganizationsupportedbylocalindustriesandgovernments.Itsmissionistoadvanceeconomicandcommunityprosperityforasuperiorqualityof life.