TRENDS - Kevin Bol Commercial Group

romnewmanufacturingtotop-dollar mixed-usedevelopments,education expansionsandanaerospacetechnologyparklaunch,GreaterLafayettecontinuesmakingheadlinesintheeconomicdevelopmentarena.Toppingthelist:The$115MGEAviationfacility,underway;the$50MIndianaManufacturingInstitutegoingupinPurdueResearchPark;101Main

2015 Off to a Brisk Start

Quick Glance, 2015 Activity

CAPITAL INVESTMENTS2015mid-year:morethan$400M(2014,$651.3M;2013,$1.02B;2012,$646.1M;2011,$444.3M)

BUSINESS AND INDUSTRYADVANCED MANUFACTURING

New:CuttingEdgeIndustrialTechnologiesopened;GEAviationannouncedadditional$15Minvestmentand30morejobsforitsunder-constructionplant,foratotalinvestmentof $115M

Expansions:HeartlandAutomotive,$.5M;OerlikonFairfield,$.6M;Schooldatebooks,$1.1M;Tate&Lyle,$65M

Continuing expansion: Subaruof IndianaAutomotive

HIGH-TECH/LIFE SCIENCES

New:QuestGlobalEngineering

New facility:TriclinicLabsbuilt$6Mheadquarters

Expansion:SpensaTechnologiesInc.

Expanded services:MEDInstitute

CO-WORKING FACILITIES

Opened: TheBinderyArtist’sStudios

PROFESSIONAL/SERVICES

Banking: PurdueFederalCreditUnionbranchremodel

Real Estate:KevinBolCommercialGroupopened

RETAIL/HOSPITALITY/TOURISM

Retailers/restaurants:29newspotsopenedorannouncedsofarin2015(54in2014;52totalin2013;60in2012;41in2011)

Transportation: CityBusadded10CNGbusestoitsfleet;openedCNGfuelingstation

TRENDSG R E A T E R L A F A Y E T T E C O M M E R C E

ECONOMIC

MID-YEAR 2015

F

Details insideIN THIS ISSUE

BUSINESS AND INDUSTRY

Advanced Manufacturing 5High-tech/Life Sciences 8Co-working Facilities 14Professional/Services/ Warehouse 15Retail/Hospitality/Tourism 16Sustainable Energy 17

COMMUNITY

Initiatives 18Media 19Medical 20Nonprofit Sector 21Public Works 22Real Estate 24Recognitions 25

EDUCATION

P-12 Schools 26Religious 26Ivy Tech 27IU School of Medicine - Lafayette 28Purdue University 28Workforce Development 29

Street,a$24Mresidential/commercialventuredowntown;andcreationof the980-acrePurdueResearchParkAerospaceDistrict.Existingindustries,too,areexpanding,aswellasmedicalfacilities,thehospitalityindustryandinfrastructureimprovements.Activitywouldbestbedescribedaspositiveandrobust,andespeciallysobecauseof numerouscooperativecommunityinitiatives.

2

COMMUNITYMEDICAL

New: EvansEyeCareInc.

Under way: FranciscanSt.ElizabethHealthCardiacRehabandPulmonaryRehab;IUHealthArnettHospitalMedicalOfficeBuilding,JoyfulJourneyAdultDayService

Services: IUHealthArnettaddingmentalhealthservices;FranciscanSt.ElizabethHealthexpandingitsmentalhealthcare

NONPROFIT

Underway: ClearRiverChurch;EngagementCenterbeingcreatedforthosewithhousingneeds;FoodFindersFoodBanktoopenFoodResourceCenter;RightStepsChildDevelopmentCentersmovedDurganSchoolsitetoCreasyLane

New name:WillowstoneFamilyServices(forFamilyServicesInc.)

Remodels: FarmhouseFraternity,BetaMuChapterHouse,DeltaMuFraternity,FowlerHouse

Opened:Threeresidentialgroupshomes,byWabashCenter

PUBLIC WORKS

Lafayette 2015: $25Minstreetwork,$6.9Mof itindowntownstreetscapes;$2MLongCenterforthePerformingArtsrenovation;creationof LibraryPark

West Lafayette 2015:$14.8Minstreetandsidewalkwork

Tippecanoe County 2015:$3.9Minbridgeandroadwork;purchasingformerbankforoffices

Tippecanoe County Public Library:Building$2Meastsidebranch

REAL ESTATE

Aerospace: 980-acrePurdueResearchParkAerospaceDistrictcreated,includesairport,PurdueAviation,Zucrowlabs,spaceforcompanycollaborations

Mixed Use: 101MainSt.,$24Mprojectwithapartments,bank,retail/restaurant

Apartments:RegencySpringsApartments

Senior Living/Care:Terracesof WestminsterVillage;somecompleted;constructioncontinues

Other:CentennialTownhomes;somecompleted;constructioncontinues

G R E AT E R L A FAY E T T E C O M M E R C E

ECONOMIC TRENDS

Quick Glance | Continued

101 Main St. mixed-use facility

3

Home Sales:1stQ:392homes,$61.2M;2ndQ:719homes,$10M

New Home Construction: 1stQ:47single-family,36multi-familyunits;2ndQ:155single-familyunits

EDUCATIONK-12:LafayetteSchoolCorp.reopeningOaklandElementarySchool;TippecanoeSchoolCorp.addingonattwoelementaryschools;LafayetteChristianSchooladdingmusicfacility.IndianaFourStarSchoolsforaccountabilityandhighISTEPscores:Cumberland,HappyHollowandMurdockelementaryschools;EastTippMiddleSchoolandWestLafayetteJr./Sr.HighSchool.

Religious:RiverCityLeadershipCollegeopeningatFirstAssemblyCommunityMinistries;toofferassociateandbachelor’sdegrees.

Purdue: $50MIndianaManufacturingInstituteunderwayatPurdueResearchPark;AsianAmericanandAsianResourceandCulturalCenterspaceopenedinStewartCenter;childcarecenterannounced.

DEMOGRAPHICSPOPULATION, 2013

Lafayette 70,373

WestLafayette 42,419

Allof TippecanoeCounty 180,174

Theregion About500,000

LABOR FORCE

LiveinTippecanoeCountyandwork About100,792

LiveandworkinTippecanoeCounty About95,601

Commuteoutof TippecanoeCounty About5,191

CommuteintoTippecanoeCounty About18,414

Sources:U.S.CensusBureau;IndianaStats,www.stats.indiana.edu

McCutcheon High School

Quick Glance | Continued


ECONOMIC TRENDS

4


ECONOMIC TRENDS

OVERVIEW bout60manufacturingandindustrial firmsoperateinTippecanoeCounty, employingabout15percentof theworkforceandshippingworldwide.

INDUSTRY RANKING BASED ON EMPLOYMENT Subaruof IndianaAutomotive 3,192

WabashNational 2,292

CaterpillarLargeEngineCenter 1,432

OerlikonFairfieldDriveSystems 950

Alcoa/LafayetteOperations 775

LafayetteInteriorFashions 572

EvonikDegussaCorp. TippecanoeLabs 555

Tate&Lyle,twoplants 500

TRWCommercialSteering 317

KirbyRiskServiceCenter 317

ReaMagnetWireCorp. 213

SouthwireLafayettePlant 174

OscarWinskiCo.Inc. 141

IndustrialPalletCorp. 120

NanshanAmerica 119

Landis+Gyr 115

AlloyCustomProducts 107

voestalpineRotec 107

HeartlandAutomotive 100

ProAxis 100

A

Advanced Manufacturing

KEY INDUSTRIES (listedalphabetically)

ALCOA/LAFAYETTE OPERATIONS775employeesExtrudedaluminumproducts2014:Opened$100M,115,000sf aluminumlithiumplant(world’sfirstfull-productionfacility)

ALLOY CUSTOM PRODUCTS INC.107employeesTanktrailers,pressurevessels

ANDOVER COILS LLC27employeesElectroniccoilsandtransformers

BLICHMANN ENGINEERINGHomebrewingequipment

CANTEEN CORRECTIONAL SERVICES10employeesMeal,laundryservicesforcorrectionalfacilities

CARLEX GLASS CO. 12employeesAssemble,cureautowindowpanels

CATERPILLAR LARGE ENGINE CENTER1,432employeesDieselandnaturalgasengines2015:Employmentreducedby250

CATERPILLAR LOGISTICS SERVICES INC.Trucking,warehousing

COPPER MOON WORLD COFFEE30employeesWholesalecoffee2014:Expandedfacility

CUTTING EDGE INDUSTRIAL TECHNOLOGIES LLCCustomplasticinjectionmolding,vacuumformingandmachining

BUSINESS AND INDUSTRY

5


ECONOMIC TRENDS

DAYTON-PHOENIX GROUP INC.56employeesBrakingresistorsforfreight,off-highwayvehicles

ENVIRONMENTAL RECYCLING INC.Recyclingconstruction,manufacturingmaterials

EVONIK DEGUSSA CORP. TIPPECANOE LABS 555employeesPharmaceuticalcomponents

FCA MANUFACTURING36employeesIndustrialwoodskidsandboxes

GE AVIATIONLEAPengineassembly,maintenance,repair,overhaul2015:$115million,150,000sf plantunderconstructionon60acresinPark350;tohire230;constructionslatedforcompletionin2015;assemblytobeginin2016;announcedincreaseininvestmentandjobsafterinitialannouncement,formaintenance,repairandoverhaulof LEAPengines.

GRAYBAR7employeesSupplychainmanagement,logisticservices

GREAT LAKES SOLUTIONS A CHEMTURA BUSINESS2015:Facilityclosed.

HEARTLAND AUTOMOTIVE100employeesInteriorandexteriorautomotivecomponents:instrumentpanels,doors,headlinersandautobodyparts2015:$.5Mdockaddition2014:$38Maddition,tohire224morebyfall2015.

HICKSGASPropanedistributor

ICE CREAM SPECIALTIESIcecreamnovelties

INDUSTRIAL PALLET CORP./ AMERICAN FIBERTECH CORP.120employeesWoodenpallets

JESSUP PAPER BOX18employeesRigidboxes,slipcases,clamshells,gameboards,puzzles2014:MovingfromWhiteCounty;40,000sf newplantunderway.

KIRBY RISK SERVICE CENTER317employeesWiringharnessesandsubassemblies

LAFAYETTE INSTRUMENT56employeesPolygraphinstrumentationandotherhigh-techdetectionanddecision-makingdevices

LAFAYETTE INTERIOR FASHIONS572employeesCustomwindowcoverings

LAFAYETTE PUZZLE FACTORY4employeesJigsaw,sphereandchalkboardpuzzledesigner

LANDIS+GYR115employeesElectronicmetersOwnedbyJapan-basedToshibaCorp.

LIQUID SPRING LLCSuspensionsystems

M4 SCIENCES CORP.10employeesUltra-precision,electro-mechanicalmodulationdevicefordeep-holedrillingusinglow-frequencyvibrationonlathes

M.A.I.L. INC.63employeesOutsourcemailroom;catalogfulfillment

MCKINNEY CORP.18employeesRacecarchassisandcomponentmaker

MILESTONE CONTRACTORSAsphaltplant

Advanced Manufacturing | Continued

6



ECONOMIC TRENDS

MULHAUPT’S INC.65employeesCustommetaldoor-frames,contracthardware

NANSHAN AMERICA ADVANCED ALUMINUM TECHNOLOGIES119employees;toincreaseto200High-endaluminumextrusionsusedinmasstransportation,automotive,distribution,industrialandelectricalindustries;train-bodymaterialforhigh-speedrail2014:Building$50Mcastinghouseandoffice.

NORFOLK SOUTHERN CORP.Railyard

OERLIKON FAIRFIELD DRIVE SYSTEMS950employeesGears,shaftsanddrives2015:$.6Mbuiltwastewaterfacility;employmentreducedby85

PACKAGING SYSTEMS OF INDIANA28employeesShippingproducts

PERRY FOAM PRODUCTS49employeesUrethanefoamsandingpadproducts

PROAXIS INC.100employeesSheetmetal,structuralsteelfabricator

RADIAN RESEARCH80employeesWatthourtestequipment

REA MAGNET WIRE CORP.213employeesMagnetwire2015:Addingadrumstoragebuilding.

ROADWORKS22employeesStainlesssteeltrucktrailerparts

Proaxis

7



ECONOMIC TRENDS

SCHILLI DISTRIBUTION SERVICES Warehousing/logistics

SCHOOL DATEBOOKS75employees;125seasonallyCustomschoolcalendarssoldinternationally;onsitebindery2015:$1.1Mremodelunderway

SOUTHWIRE LAFAYETTE PLANT(formerlyColemanCableInc.)174employeesWiremanufacturing

STAG CAPITAL PARTNERSWarehouse/distributionfacilities

STEINER ENTERPRISESContractmanufacturing

SUBARU OF INDIANA AUTOMOTIVE INC.3,192employeesSubaruOutbackandLegacy;ToyotaCamry(through3rdquarter2016)Underway:$422M,.5Msf expansioncontinues;toadd100newjobs;in2014mademorethan286,000vehicles;2015productiontobeabout310,000.

SUPPLY CHAIN SOLUTIONSLogistics,trailerparts

SWIFT FUELS LLC9employeesHigh-octane,unleadedaviationfuel

TATE & LYLE, NORTH AND SOUTH PLANTS500employeesCornstarch,syrup,sweeteners2015:$65millioninvestmentfornewequipmentatsouthplanttoexpandproductionof KrystarCrystallineFructosesweetener;environmentalefficienciesatbothplants.2014completed$90Mexpansion(northplant).

TKO GRAPHIX10employeesRefurbishsemi-trailersAnnounced;notyetoperating

TOYOTA TSUSHO AMERICA INC.50employeesTire,wheelassemblyforToyota

TRW COMMERCIAL STEERING SYSTEMS317employeesSteeringgearsTwoplants2014:$13.3Minimprovements.

VOESTALPINE ROTEC GROUP 107employeesPrecisionsteel/aluminumcomponents,pedalboxspacertubes,seatbelt/airbagcomponentsforautoindustry

WABASH CENTER’S GREENBUSH INDUSTRIESContractassembly

WABASH NATIONAL CORP.2,292employeesCommercialsemi-truck,rail,platformandliquidtanktrailers;dryfreightandrefrigeratedvans;intermodalequipment;engineeredandcompositeproducts2015:$438Mnetsalesin1stQbestincompany’shistory.2014:Netincomeof $70M,upfrom$46.5Min2013;shipped57,350newtrailersin2014,anincreaseof 10,550from2013.Began2015withlargest-evernumberof trailersonorder,expecttotop2014sales.

WEE ENGINEERING INC.8employeesVacuumtanks,tanktrucks,pumpertrucks,customfabrications

OSCAR WINSKI CO. INC.141employeesScrapmetal,steelfabrication

WORWAG COATINGS LLC30employeesIndustrialpowderandliquidcoatings

8


ECONOMIC TRENDS

High-Tech | Life-Science Businesses

AOVERVIEW bout130high-tech,knowledge-based andlife-sciencebusinessesoperatein Lafayette-WestLafayette,mostinstart-upstagesandemployingfewerthanfive.ManyarecapitalizingondiscoveriesmadeatPurdueUniversityandarebasedinthePurdueResearchParkorlocatedelsewhereandaffiliatedwiththepark.

LARGEST HIGH-TECH/LIFE-SCIENCE COMPANIES, BASED ON EMPLOYMENTBASi 200

CookResearchInc. 200

CookBiotechInc. 181

ButlerAmericaLLC 180

SSCI,aDivisionof AMRI 100

EndocyteInc. 88

DowAgroSciences 80

ACellInc. 70

Note: Businesses listed alphabetically; those with no employee number listed have fewer than 5 workers.

3IDWebandappdevelopment

ABAQUS CENTRALConsulting,engineeringproductdesign

ACELL INC.70employeesTissue-engineeredbiomaterialformedicalindustry

ADVANCED AG SOLUTIONS LLCTechnology,consultingforfarmers

ADVANCED BIOIMAGING SYSTEMS LLCTechnologytodetectbacterialgrowth

ADVANCED PROCESS COMBINATORICS10employeesPlanning,scheduling,radiationtreatmentplanningsoftware

AKANOCURE PHARMACEUTICALSPlatformtoproducelarge-scale,naturalcancertherapies2015:Namedoneof 40innovativestartupsbyfounder.org

AKINA INC.6employeesDrugdeliverytechnology

ANIMATED DYNAMICS INC.Lifesciences2015:ReceivedTechPointMiraAwardfortechnologyexcellence

ARXAN TECHNOLOGIES26employeesSoftwaresecurity

ASEDASCIENCESDrugdiscovery

ASH ACCESS TECHNOLOGYMedicaldevices

ATLANTIC GREEN TECHNOLOGY INC.Biofuel,nutritionpharmaceuticalsßfromalgae

AXONIOnlinemanufacturingnetwork

BASI200employeesPharmaceuticaldevelopment,contractresearch,analysis

BATCH PROCESS TECHNOLOGIESDecisionsupportsoftwareforbatchchemicalprocessing

BIOKORF LLCLifesciences

BIOVIDRIA INC.Drugresearch2014:Received$1MgrantfromNationalInstitutesof Health

BUTLER AMERICA LLC180employeesEngineeringdesign

9


ECONOMIC TRENDS

High-Tech | Life-Science Businesses | Continued

CELLAFLORA DESIGNAppdevelopment

CHAO CENTER FOR INDUSTRIAL PHARMACY AND CONTRACT MANUFACTURING Affordablemanufacturingof trial-sizedbathesof prescriptiondrugs

CHYALL PHARMACEUTICAL CONSULTING LLCAdvisesonoptimizingpharmaceuticals’properties

CONCORDANCE HEALTHImprovingmedicationcompliancethroughpharmacist/providerpartnership

COOK BIOTECH INC./COOK GROUP169employeesTissueengineeringresearch;develops,makeswoundcare/surgicalrepairproducts

COOK RESEARCH INC.220employeesProductdevelopment,pre-clinicalandclinicaltesting,andregulatoryapprovalservicesformedicaldevices

COPIENT TECHNOLOGIES/ NCR CORP.11employeesPoint-of-saleand-purchasehardware,software

CPRECISELY INC.Imagingsoftware

COVIDEO SYSTEMS9employeesWeb-basedstreamingtechnologyservices

CRUISE SOFTWARERetailindustrysoftwareproducts

CURXCELDrugdiscovery

DATTUS8employeesAdvancedmanufacturingsoftware

DELMAR INFORMATION TECHNOLOGIES LLC10employeesCustomsoftwaredevelopment

DELPHI DELCO ELECTRONICS SYSTEMSAutoelectronicsdesignlab

DEVELOPMENT CONSULTANTS INC.Materialsdesign,manufacturingconsulting

DOW AGROSCIENCES80employeesResearchfacility,greenhouse,seedqualitycontrollab

Dow AgroSciences

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DRUG-FREE THERAPEUTIX LLCLifesciences

DUFFEKDevelopsmobiledeviceapplications,games

E-LANGUAGE LEARNING LLCLanguagesoftwareformonitored,individuallessons

EITAC SOLUTIONS GROUP10employeesProductstoenhancecomputerusebythosewithlowvision

EN’URGA INC.10employeesOpticaldiagnosticequipment

ENDOCYTE INC.88employeesDrugdeliveryresearch

ENERGY TECHNOLOGIES LLCEnergy

EXECUTIVE AUTOMATION LLCSoftwaredevelopment,consulting,training

FAVORED GRAINSeedbusiness

FAVORED INC.7employeesMilkwithnutrients,supplements

FLIR SYSTEMS INC.31employeesMassspectrometerdevelopment

FOUNDOPSSoftwaresystems

FROSTY LLCWebsitedevelopment

FUTAGO INC.Chemicalindustryrelated

FUTURAGENE INC.14employeesPlantgenediscovery

GENPORT NORTH AMERICA CORP.High-energyelectricgenerators,batteries


ECONOMIC TRENDS


GH LLC37employeesSoftware,Brailletextbooks,otherlearningproductsforpeoplewithsightchallenges

GREENTECH AMERICA INC.5employeesDevelopsandcommercializesyeast-basedcellulosicethanoltechnology

HEMOCLEANSE INC.Medicaltechnology

HNTB LIDAR LABOptimizes,leverageslightdetectionandrangingdataforcivilengineeringapplications

IMAGINESTICS LLC24employeesSoftwareconnectiontoolsformanufacturingandlifesciences

IN SPACE LLC5employeesJetpropulsiontechnologydevelopment

INDEPENDENCE SCIENCE LLCConsultswithschoolstoprovideassistivevisiontechnologies

INDIANA FIBER TECHNOLOGYDevelopinglight-weightbio-aggregates,biofuels

INDIANA MICROELECTRONICS LLC6employeesDesigns,makesradiofrequency,microwavefilters

INFOCOMM SYSTEMS INC.Securityconsulting,research

INMASS TECHNOLOGIES INC.Soil,bio-remediation

INVIVO VENTURES LLCFormscompaniesfromPurdueresearchfindings

IVDIAGNOSTICS LLCDevelopingcancerdiagnostickits,imagingsolutions

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ECONOMIC TRENDS


JANUS BIOSYSTEMS5employeesLipidmaterialsresearch

JEWELL LABORATORIES LLCDevelopingtherapeuticsforNiemann-PickTypeCdiseaseandothers2015:ChangednamefromAtenBiotherapeutics

KARYOZEN LLCCellsorters,flowcytometersforlifesciences/healthcareindustries

KINASENSE LLCLifesciences

L.S. TECHNOLOGY INC.Softwareforhandheldcomputers

LIFE PLUS LLC26employeesToxicologyservices,testing;medicaldevices;helpsothersmeetChineseregulationsonchemicalpurchases/sales

LITE MACHINES CORP.8employeesRadio-controlledhobbyhelicopters;high-techsurveillanceequipment

LOADOUT TECHNOLOGIES LLCMobiletechnologysolutionsforagriculture,industry

MAGSENSE LIFE SCIENCES6employeesMagneticparticleseparationforresearch,diagnostics,drugdevelopment

MED INSTITUTE/COOK GROUP22employeesProductdevelopment,pre-clinicalandclinicaltesting,andregulatoryapprovalservicesformedicaldevices2015:BeganofferingservicesoutsideTheCookGrouptoexternalmedicaldevicecompanies.

MEDTRIC LLCLifesciences

METRONETInternetaccess,allfiberoptic2014:Providing1gservicetoresidencesandbusinesses.

MOBILE ENERLYTICS LLCEnergystorageforsmartphones

MOERAE MATRIX INC.Developingdrug-tissuescaffoldproductstoimprovesofttissuehealing,regeneration

MOR-NUCO LLC21employeesDevelops,commercializesproteintechnologyforearlycancerdetection

MPLEXUSMedicalimagingsoftwareforInternettransmission

MUDAWAR THERMAL SYSTEMS INC. Thermalmanagementdevices,phase-changesystems

GERALD P. MURPHY CANCER FOUNDATION6employeesNonprofitcancerresearchinstitute

NANO-META TECHNOLOGIES INC.6employeesNanomaterials

NANOSENSE INC.Nanotechdevicesformedicaldiagnostic,therapeuticapplications

NANOVIS LLCNanosurfacedimplants;nanostructuredbiomaterials

NEMOCO LLCNanoscaleelectronics

NEURO VIGOR LLCLifesciences

NGENX CORP. Providestechnologyinfrastructure;developshostedITapplications

NOX TECHNOLOGIESCancerdetectionresearch

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ECONOMIC TRENDS


ODDITSOFT INC.Software,consulting

OMEGA MICRO TECHNOLOGIESCeramicsubstratesforelectronicdevices

ON TARGET LABORATORIES7employeesCancerresearch,fluorescentimaging2015:$2MinfundingreceivedfromNationalInstitutesof HealthandFoundryInvestmentFund.

OPTICAL THERAPEUTIC TECHNOLOGIESFluorescentprobesforcancersurgeryimaging

PANOPTIC INSIGHT LLCConsultingonsecurity,innovationrelationships

PARSEC SOLUTIONS LLCEngineeringconsulting;multi-phasefluidsystems

PASSAGEWAYS LLC36employeesBusinesswebportalmanagementsystemsforfinancialandothercompanies

PERFINITY BIOSCIENCES INC.4employeesSamplepreparationtechniques/toolstofacilitatemassspectronomy

PHLEBOTICS INC.Develops,makesmedicaldevices

PRIMA SPECIALTY VECTORS LLCUtilizesPurdue-licensedtechnology

PURDUE ENTERPRISE CO. Technicalconsulting

QUANTION TECHNOLOGIES INC.High-techusingmassspectrometry

QUEST GLOBALAgriculturalsoftware2015:LocalstartupsoldtoQuest;openedlocaloffice

SAGAMORE-ADAMS LABORATORIES LLCStartupresearch,developmentandcustomizedtechnologicalproductsupplybusiness

SCALE COMPUTING5employees;30,IndianapolisEnterpriseclass,scalablegridstorage

SCHOOLHOUSE PARTNERS LLCGrantwriting,grantsdatabase

SENSIENT FLAVORS AND FRAGRANCES LLCMakescolors,flavors,fragrancesforfood,beverages,cosmetics,pharmaceuticals,imagingsystemsandothers

SENSORHOUND LLC9employeesSoftwaredevelopment

Passageways

13


ECONOMIC TRENDS


SIMULEX INC.8employeesSimulationproductsfordefense,business

SORIAN INC.Researchservices

SPEAK MODALITIES LLCSoftwaretoassistinlanguageskillsdevelopment

SPECTRACODE INC.Imagingsystems

SPECTRALINE INC.Onlinequalitymonitoring

SPEECHVIVE INC.Assistivetechnology

SPENSA TECHNOLOGIES14employeesPrecisionagriculturetechnologies2015:Addinga$.6Mexpansion;received$1.3Mininvestmentfundingand$200,000fromPurdueFoundryInvestmentFund.

SPERO ENERGY INC.5employeesConvertingchemicalsfromrenewablesourcestofragranceproducts2015:Co-founderIanKelinnamedtoForbes30Under30UpcomingStars.

SSCI INC., THE CRYSTALLIZATION EXPERTS, A DIVISION OF AMRI100employeesContractresearch,analyticallab2015:AcquiredbyAlbanyMolecularResearchInc.

STORMFRONT PRODUCTIONS INC.14employeesWebdesign,videoproduction,branding

SYMIC BIOMEDICAL5employeesTherapeuticsformultipleconditions

SYPRIS RESEARCH CENTER5employeesInformationsecurityforgovernment,aerospace,defensemarkets

TECMARK INC.Emergencyresponse,restorationcontractormanagement

THIRTYSIX SOFTWARE LLCIntuitivedatacontentmanagementsolutions

THREE.COMWebhosting,internetmarketing

TIENTA SCIENCES INC.Infrared,massspectrometryinproteindiscovery,analysis

TISSUE SOURCE INC.Animaltissueforregenerativemedicine

TRICLINIC LABS18employeesConsulting,labworkforsolid-statechemicaldevelopment2015:Builtnew$6M,18,000sf headquarters;toincreaseemploymentby10

TYMORA ANALYTICAL OPERATIONSTestingcancerdrugs’effectiveness

VASC-ALERT8employeesDialysisdiagnosticproduct

VISION ADVANTAGE LLCHelpsautodealersincreaseprofits

VIBRONIX INC.Lifesciences

VIVUSNET CORP.DigitalCanvas,multi-mediaadvertisingproduct

VOCARE INC.Telemedicinesystem

WESTECH CONSULTING CO. INC.Businessconsultingwithemphasisontoolssuchaslean,SixSigmaandToyotaproductionsystem

WINTEK CORP.13employeesBusiness-classInternetserviceprovider,directfiber-basedprovider

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OVERVIEW

everalco-workingandshared-space facilitiesoperateinGreaterLafayette.

The Anvil, anonprofitco-workingandbusinessincubatorfacilityopenedin2013forPurduestudententrepreneurs;nowlocatedat320NorthSt.,ownedbyPurdueResearchFoundation.Membersnowtotal80,and10companieshavelaunchedfromthefacility,withproductssuchaseducationmaterials,musicmanagement,fooddeliverysystemandwebsitedevelopment.Facilityissupportedbycityof WestLafayetteandPRF;opentostudentsandcommunity.Membershipsare$10amonthforstudents;$30forothers.

The Bindery Artist’s Studioopenedonthesecondfloorof LafayettePrinting,511FerrySt.with13studiosandsharedclassroom,lobbyandgalleryspace.

MatchBOX Coworking Studio openedits10,000sf downtownbuildingin2014;equipmentincludeslasercutter,3Dprinter,industrialsewingmachine;operatedbynonprofitcorporation;cityof Lafayetteandpartnersfunded$1.75Mrenovation.Atmid-year2015membershipstotaled150,workingingraphicdesign,webdevelopment,programming,videography,tutoring,writingandmore.Membershipsbeginat$360ayear.

Purdue Foundry:In2015,funded$200,000eachtoFASTBioMedical,Indianapolis;SpensaTechnologies,WestLafayette;andSymicBiomedical,SanFrancisco,fromits$12Minvestmentfundestablishedin2014.

CO-WORKING FACILITIES

S

The Bindery Artist’s Studio


ECONOMIC TRENDS

I have asked Terry for a picture

15


ECONOMIC TRENDS

OVERVIEW reaterLafayetteishometonumerous professionalandservicebusinesses— architects,attorneys,accountants,advertisingagencies,customercarecentersandothers.

Majorbanksinclude1stSource,Centier,FarmersandMerchants,FarmersState,FifthThird,FirstFinancial,FirstSource,FountainTrustCo.,Huntington,JPMorganChase,Kentland,LafayetteBankandTrustCo.,LafayetteCommunity,OldNational,Regions,Salin,SecurityFederal;creditunions:PurdueFederalCreditUnion,IndustrialFederalCreditUnion,StaleyCreditUnion.

Largestinsurancefirms:StateFarmInsuranceregionalofficeemploying545;AllState,AmericanFamily,BundyMcNear,HenriottGroup;MBAHInsurance;TuckerInsurance.

G

Professional | Services | Warehousing

RECENT ACTIVITYFINANCIAL INSTITUTIONS

Old National Bank acquiredandinearly2015renamedallLafayetteSavingsBankoperations.

Purdue Federal Credit Union isremodelingUnionStreetbranch.

OTHER NEW SERVICE BUSINESSES

Family Realty Groups

Kevin Bol Commercial Group

TCB Auto Service

WAREHOUSING

Warehousespaceisavailablethroughvariousfirms,includingApex/SchurmanLange,INOK,SuperiorStructures,Warehouseof LafayetteLLCandWinstead.Underway:

Lafayette Auto Supplybuildinganewwarehouse

Stoddard Warehouseaddinga$4.2MfacilityforTate&Lyle

Henriott Group

16


ECONOMIC TRENDS

OVERVIEW argestshoppingvenuesareTippecanoe Mallwith840,000sf andmorethan100 stores,includingMacy’s,Kohl’s,Sears,JCPenney,HHGreggandDick’sSportingGoods;andLafayettePavilions,covering404,000sf,withFreshThymeFarmersMarket,TJMaxx,ColdStoneCreamery,Gordman’sandothers.Othervenues:downtownLafayette,TippecanoeCourt,LafayetteMarketPlace,WabashLanding,UniversitySquareandChaunceyVillagedistrict.

Thecommunityishometonearly270differentrestaurantswithacombined360sites.Restaurantsrangefromethniceateriestonationalchains,and28hotelswith2,430rooms,fromfull-servicebusinessclass(BestWesternLafayetteExecutivePlaza,CourtyardbyMarriott,FourPointsbySheratonWestLafayette,HolidayInnCityCentreandPurdueUnionClubHotel)toextendedstay(HomewoodSuites,TownePlaceSuitesbyMariottandCandlewoodSuites).

DowntownLafayette-WestLafayettehasbeendesignatedanofficialculturaldistrictbyIndianaArtsCommission,withthreeareas:ChaunceyVillage,Riverfront,ArtsandMarket.Downtowncovers92squareblocks:MainStreet,theLevee,WabashLandingandChaunceyHillMall.Morethan250businessesoperateinthisarea,whichalsoisagrowingresidentialhubwithabout160condominiumsoutof some600housingunits.

RECENT ACTIVITYLODGING

Courtyard by Marriott, $5Mexpansion,added32rooms,15,500sf indoor/outdoormeetingspace.

Hampton Inn, $1Mexpansion andrenovationcompleted.

TownePlace Suites by Marriott,$600,000remodelcompleted.

Whittaker Inn plannednearHarrisonHighSchool,15-18rooms,eventspacefor40,ownerlivingonsite;toopenin2016.

RETAIL

15retailersopenedorannouncedsofarin2015:

Bella Beige

County Line Emporium

Family Pantry

Friendly Market

Genius Phone Repair

Great Clips, Greenbush

Halsema Custom Crafts

Lam’s Nail and Spa

Las Perlas Tapatia

Main Street Books

O’Reilly Auto Parts

Richelle in a Hand Basket

Right Guys Auto

Sacred Apple Tatoo

West Side Tractor

Retail | Hospitality | Tourism

L

Heisei Japanese Restaurant

17


ECONOMIC TRENDS

Retail Remodel

Meijer,$5.5M

Mike Raisor Mercedes-Benz,addition/remodel

Tuesday Morning,move/remodel

AUTO DEALERSHIP

Mike Raisor Volkswagen and Audi,$5.7Mnewbuildingunderconstruction,toopen2016

RESTAURANTS/NIGHTLIFE

14restaurants/nightlifespotsopenedorannouncedsofarin2015:

Another Broken Egg

Bobby T’s Beer, Booze & Barbecue

Cheddar’s Casual Café

Cozy Tavern

Crabby Mike’s BBQ

Digby’s Pub & Patio

Gigi’s Cupcakes

Heirloom

Honeybaked Ham, downtown

Noodles

Pete’s Diner

Restauration

Three O Eight

Stacked Pickle

TOURISM/RECREATION

Climb Lafayette opened

Elite Air Trampoline Parkopened

Lafayette Country Clubbuildingnewpoolhouse,remodelingproshop,fitnesscenterandclub

Visit Lafayette-West Lafayette reports 3.5millionvisitorsannuallygeneratemorethan$309millionindirectexpenditures;nearly6,600employedintourism-relatedbusinesses.

Information Kiosks:VisitLafayette-WestLafayettepartneredwiththecitiestoinstall27informationkiosks,withmoreplanned;tobeupdatedtwiceayear.

TRANSPORTATION

GreaterLafayetteisservedbyAmtrakpassengerrail,GreyhoundbusandinthecommunitybyCityBus.

News: CityBusadded10CNG-fueledbusestoitsfleetandcompletedconstructionof aCNGfuelingstation.

Retail | Hospitality | Tourism | Continued

OVERVIEW ustainableenergyisafocusinthe county,demonstratedbythreewind turbinesinstalledatCityBustopoweritsfacilities,othersslatedforinstallation,andatwo-yearprogramatIvyTechCommunityCollegecoveringturbines,solarpanelsandothersystems.

RECENT ACTIVITY

Purdue Energy Park,a$40MPerformanceServicesproject,proceedinginnorthwestTippecanoeCounty;buildingadozen432-foottowers,1.7megawattseach;Purduetouseforopportunitytogatherdata,developcurriculumandofferhands-ontraining.

Sustainable Energy

S

18

OVERVIEW

reaterLafayette’seconomic development,government,education, businessandindustrygroupscollaborateonanumberof community-wideefforts.

Advancing Manufacturing: We Have Jobs Here, We Have Training Here. We Have Internships Here. Launchedin2012byGreaterLafayetteCommerce,IvyTechCorporateCollege,Region4WorkforceBoardandWorkOne,amongothersupporters,thisprogrammatchesjob-seekerswithemployersfordirect-hirejobs.Italsooffersscholarship-fundedtrainingforthoseneedingit.ThroughAugust2014,225peoplehadearnedtheCertifiedProductionTechniciancredential,with22employersparticipatingintheprogram.TheTippecanoeCounty-basedprogramisnowservingasamodelforfourothercommunitiesinIndianalaunchingsimilarprograms.

www.advancingmanufacturing.com

Amtrak: Save the Hoosier State Campaign. GreaterLafayetteCommerce coordinatedastatewidecampaigntosavetheAmtrakHoosierStateline(IndianapolistoChicago),hostingasummitattendedbyhundredsandbringingallpartiestothediscussion;resultedinone-yearcontinuationof dailypassengerrailservice.Thatwasextended,andeffortsareongoingtocontinueit.

Community of Choice. GreaterLafayetteCommerceiscoordinatingmultipleactivitiesfollowingstudyandimplementationof aplantomovethecommunityfromgoodtogreat.Infall2012,125volunteersoneightteamsbeganaddressingareasthatincludediversityandinclusion,downtownvitality,thearts,economicdevelopment,transportationandPurdue/communityrelations.Activitiestofullyimplementtheplancontinue.

www.greaterlafayettecommerce.com

Intersection Connection isa collaborationof communityorganizationsformedin2007toco-locatecomplementaryyouthdevelopment,highereducation,financialliteracy,andhealthandwellnessservicesontheIvyTechCommunityCollegeLafayettecampus;amajorgoalistobuildafacilitythatwillhouseanewYMCA,onsitechildcare,JuniorAchievementof GreaterLafayetteandanIUHealthArnettclinic.Bymid-year2014,thegrouphadraised$13million;totalgoalandtimelinenotyetannounced.

www.intersectionconnection.com

Read to Succeed, bornlearning Academies. Launchedin2011andexpandedeachyearsince,ReadtoSucceedinvolvesGreaterLafayetteCommerce,UnitedWayof GreaterLafayetteandthecommunity’sthreepublicschoolcorporations,bringingsome600volunteerstoall19elementaryschools.Itreceiveda2014Primacyof PlaceCommunityAwardfromBallStateUniversity’sBuildingBetterCommunities.In2015,HenriottGroupwonanationalcommunityserviceawardforitsworkontheprogram,landing$5,000fortheUnitedWay.Aneweffortlaunchedin2014atfiveschools:bornlearningAcademies,aonce-a-monthprogramforparentsandpreschoolers,willaddfivemoresitesinfall2015.

www.readtosucceedgreaterlafayette.org

Wabash River Enhancement Corp.Thisnonprofitinvolveslocalgovernmentsandothersinstepsneededtobringdevelopmenttotheriverarea.Updateof thenorth-reachsectionof thecommunity’sTwoCities,OneRivermasterplanfortheLafayette-WestLafayetteurbanriverfrontisunderwayandprojectedtobedoneinearly2016.Schematicdesign/engineeringfortheriversidepromenadeinthecentralreachhasbegun,incoordinationwiththe101MainStreetdevelopmentprojectindowntownLafayette;finaldesignandconstructiondetailshavenotyetbeenreleased.Thecorporationisplanningtocoordinatedesignandengineeringworkfortheentirecentralreachof themasterplanwiththeupcomingStateStreetdevelopmentprojectin2015-16.It

G

COMMUNITY

Initiatives


ECONOMIC TRENDS

19


ECONOMIC TRENDS

alsoacquiredtwomorestrategicproperties,bringingthetotalacquiredto17,valuedatmorethan$6.3M.Italsocontinuestoimproveriverwaterqualitythroughitswatershedmanagementprogram,workinginthreesub-watershedsandimplementingthelatestroundof its$550,000cost-shareprogramtoinstallurbanandagriculturalwaterconservationbest-managementpractices.Additionalfundsarebeingsoughttocontinuethis.

www.wabashriver.net

Regional Economic Growth, Quality of Life Strategic Plan. Localindustry,academiaandorganizationleadersaredevelopingrecommendationsforaregionalstrategicplantodriveeconomicgrowthandenhancequalityof life.FundedbyaLillyEndowmentgrantthroughtheCentralIndianaCorporatePartnersFoundationandconvenedbyTheCommunityFoundationof GreaterLafayette,thegroup’syear-longworkin2015willfocusona10-countyarea—Benton,Carroll,Cass,Clinton,Fountain,Montgomery,Pulaski,Tippecanoe,WarrenandWhitecounties.Thefinalplanisexpectedbyearly2016.

Read to Succeed. Launchedin2011andexpandedeachyearsince,thisprograminvolvesGreaterLafayetteCommerce,UnitedWayof GreaterLafayetteandthecommunity’sthreepublicschoolcorporations,bringingvolunteerstoelementaryschools.Some600volunteersnowserveall19elementaryschools.

Itreceiveda2014Primacyof PlaceCommunityAwardfromBallStateUniversity’sBuildingBetterCommunities.Aneweffortalsolaunchedatfiveschools:BornLearningAcademy,amulti-weekprogramforparentsandpreschoolers.

www.readtosucceedgreaterlafayette.org

Wabash River Enhancement Corp.Thisnonprofitinvolveslocalgovernmentsandothersinstepsneededtobringdevelopmenttotheriverarea.Recentactivitiesincludecompletionof abywaymanagementplanforthestate-designatedRiverRoadScenicByway;completionof a$550,000stategrantprojecttocleanupakeycorridorindowntownLafayette,readyingitformixed-usedevelopment,atrailandgreenspace;andworkonacorridor-wideloopedtrailsystem.In2014,thecorporationsecured$275,000inlocalfundingtoupdatethenorthreachsectionof itstwocities,arivermasterplanfortheLafayette-WestLafayetteurbanriverfront,whichwillfocusonthere-useof theformerLafayettemunicipalgolf course,aprojectthatwillbeinginspring2015.Thecorporationalsoacquiredtwomorestrategicproperties,bringingthetotalto15,valuedat$5.9M,anditcontinuesitsworktoimprovetheWabashRiverwaterqualitythroughitswatershedmanagementprogram,workinginthreesub-watershedsandinstallingmorethan$1Minurbanandagriculturalconservationbest-managementpractices.

www.wabashriver.net

Media

OVERVIEW hecommunityisservedbyadozenFM andAMradiostations,including WBAA,aNationalPublicRadioaffiliate;televisionstationWLFI-TV(CBSaffiliate);adailyGannettnewspaper,the

TJournal&Courier;aweekly,TheLafayetteLeader;thePurdueExponent,publishedduringtheacademiccalendar;Lafayettemagazine(quarterly);JustKidding!,amonthlynewsletterof children’sevents;andonline,MacaroniKids-Lafayette.

INITIATIVES | Continued

20


ECONOMIC TRENDS

Medical

GOVERVIEW reaterLafayetteandthesurrounding 18countiesareservedbyseveral hospitals,numerousmulti-physicianclinics,ambulatorysurgerycentersandrehabilitationfacilities.

Indiana University Health Arnett operatesa$228M,400,000sf,full-servicehospitalopenedin2008with191beds,fiveoperatingrooms,emergencycare(LevelIIItraumacenter),neonatalintensivecare,on-demandfoodserviceandadjacenthelipad.Withanambulatorysurgerycenter,15GreaterLafayettephysicianofficesandfourmoreinadjacentcounties,twourgent-carefacilitiesanditsfull-servicehospital,IUHealthArnettoffersintegratedhealthcare.Itemploysmorethan250physiciansandproviders,some550registerednursesandmorethan1,260supportstaff.

Franciscan St. Elizabeth Health operatesFranciscanSt.ElizabethHealthEast,a$192million,410,000sf,full-servicehospitalopenedin2010.Ithas150privaterooms,stand-alonewomen’scenter,eightoperatingsuites,27emergencydepartmentbays(LevelIIItraumacenterdesignationinprocess),14neonatalintensivecaresuitesandroomservicedining.St.ElizabethCentralhospitalprovidesmedicalservices,psychiatriccare,andinpatientandoutpatientrehabilitationservices.TheFranciscanPhysicianNetworkoffersprimary,specialtyandmentalhealthcare,primarilyfromtwoeast-sidemedicalofficebuildings.TheFranciscanSt.ElizabethHealthsystememploys85physicians,3psychiatrists,701registerednursesand1,782supportstaff.

Unity Healthcareisacomprehensive,multi-specialtyhealthcareproviderwithsatelliteofficesandpractitionersthroughoutNorthCentralIndiana.Itemploysmorethan650,includingmorethan80physiciansinsome28specialtyareas.Thoseincludeallergyandasthma,anesthesiology,familymedicine,gastroenterology,generalsurgery,immediatecare,internalmedicine,

medicaloncologyandhematology,nephrology,neurology,occupationalmedicine,ophthalmology,orthopedics,orthopedicspinalsurgery,otolaryngology,outpatientphysicalandoccupationaltherapy,outpatientsurgicalcenter,painmanagement,pediatrics,plasticsurgery,podiatry,psychology,radiationoncology,radiology,urologyandwoundcare.

OtherhealthcareprovidersareRiggsCommunityHealthCenter,forthemedicallyunderserved;RiverBendHospital,whichprovidesmentalhealthcare;andSycamoreSprings,aninpatientpsychiatricandsubstanceabusetreatmenthospital.

RECENT ACTIVITY

Openings

IU Health Arnett Cancer Center renovation

Evans Eye Care

NewhospicecarecentertoopenatW.720Navajo

Under way

Franciscan St. Elizabeth Health Cardiac Rehab and Pulmonary Rehab

IU Health Arnett Hospital Medical Office Building, $20M,78,000sf facility;expecttoseepatientsearly2016

Joyful Journey, An Adult Day Service, $1M,5,000sf facility,toaccommodateupto25atonetimefornonmedicalcare;nonprofit;openingmid-2015.

Other

IU Health Arnettopeningoutpatientmentalhealthclinic,hiringtwopsychiatrists;Franciscan St. Elizabeth Healthaddingsecondandthirdpsychiatriststoexpandoutpatientbehavioralhealthcare.

Franciscan St. Elizabeth Health acquired 28acresalongnewU.S.231;plannedusenotyetannounced

21


ECONOMIC TRENDS

Nonprofit Sector

RECENT ACTIVITY1852 Foundation formedtopurchaseFowlerHousefromTippecanoeCountyHistoricalAssociationfor$650,000;investing$400,000andreopeningasaneventventure

A social services engagement center,withservices24/7,isbeingjointlycreatedbylocalgroupsforthosewithhousingneeds;LafayetteTransitionalHousingiscoordinating..

Clear River Church building$3Mchurchdowntown.

The Community Foundation of Greater Lafayette,whichmanagesendowmentsandfundsforindividualsandorganizations,disbursednearly$1.1Mingrantstomorethan87nonprofitsin2014,andestablished24newendowmentfunds.

First Assembly Community Center toopenfall2016informergrocery;toofferyouthministry,daycareandpubliceventvenue.

Food Finders Food BankisremodelingaformerchurchandopeningtheFoodResourceCenter,whichateachingkitchen,classroomsandfooddistribution35hours

aweek,includingtwoeveningsandeightweekendhours.

Right Steps Child Development Centers movingDurganSchoolsitetoCreasyLane.

United Way of Greater Lafayette toppedits 2014campaigngoalof $5Mby$719;theagencyprovidesfundingfor23localsocialserviceorganizations.

Wabash Center builtandopenedthreenewresidentialgrouphomes,tohouse3ineach

Willowstone Family Services isthenewnamefortheformerFamilyServicesInc.,a50-year-oldnonprofitprovidingcounseling,alcoholanddrugassessmentandintervention,homecareservicesandnew-parentresources.

YWCA renovatingOppenheimerHouse,604N.SixthSt.,fornewwomen’sshelter($.9M).

Remodeling

Alpha Gamma Delta,$1.4M

Beta Mu Chapter House,$3.6M

Delta Mu Chapter Alpha Phi,$600,000

Farmhouse Fraternity,$6.2M

The Fowler House: , 1852 Foundation

22


ECONOMIC TRENDS

Public Works

FIBER

NumerousfirmsofferInternetandfiberservicestobusinessandhomes,rankingthecommunityaheadof thepackforavailability(seehigh-techlistings).

RECENT NEWSTRANSPORTATION

CityBus addedsixCNGbuses,built$3.3MCNGfacility;thefirstpublictransitintheU.S.toaddsuchafacility;opened2015;CityBustosave$10Mover10years.

ROADWORK/SEWER WORK/WASTEWATER

Lafayette 2015: $25Minstreetwork,$6.9Mof itindowntownstreetscapes

West Lafayette 2015:$14.8Minstreetandsidewalkwork;$5MTodd’sCreekrelocationproject,namedWesternGatewaydistrictdrainageimprovement,forareaof futuredevelopment,nowinplanningstage.

Tippecanoe County 2015:$3.9Minbridgeandroadwork;purchasingformerbankforoffices;HoosierHeartlandCorridorStrategicEconomicDevelopmentPlanbeingdevelopedfornewlycompletedhighwayandIndiana25/Interstate65interchanges.

Interstate 65 beingwidenedtosixlanesinan$82.8millionstateprojectfromSR25toSR38inTippecanoeCountybeginningmid2015andfinishinglate2017.

PARKS/COMMUNITY FACILITIES

Lafayette: $3.4MinimprovementsatRiehlePlazaandpedestrianbridgeunderway;$2Mrenovationof LongCenterfor

thePerformingArts;LibraryParkbeingcreatedatformerRedCrownMiniMuseum;FairgroundsCourt,outdoorbasketballcourts,openedatTippecanoeCountyFairgrounds,asix-partnerendeavor;cityreceived$50,000stategrantforfivecentercityartprojects,includingasculpture,twoalleymurals,twoartpadsforfuturesculpturesandcrosswalkdécorat10thandMainriverfrontpromenadenear101Maindevelopmentannounced,toopen2017or2018.

West Lafayette:HappyHollowParkgota$50,000upgradein2014;another$150,000inupgradesplannedoverthenextfewyears.

Tippecanoe County purchasingformerdowntownbankfor$765,000;investing$1.2Monremodeling;inlatesummer2015tomovepublicdefenders,courtservicesandprobationdepartmentstothe30,000sf building.

Tippecanoe County Public Library tobuild$2Meastsidebranchin2015.

ANNEXATION/MASTER PLAN

West Lafayette in2014 annexed3,977acres,includingPurdueUniversitycampus,extendingcitylimitstoUS231bypassandincreasingcity’ssizefrom7.62squaremilesto13.84squaremilesandadding12,000peopletoitspopulation.

Cityof WestLafayetteandPurdueUniversityarepartneringtoadvancetheState StreetRedevelopment Project,transformingStateStreetfromtheWabashRivertoU.S.231intoasafe,pedestrian-friendlyhubwithwidersidewalks,greenspacesandbikepaths.Constructionplannedfromspring2016through2018;estimatedcostbetween$60Mand$120M.

Plans call for reinventing State Street in West Lafayette.

23


ECONOMIC TRENDS

AOVERVIEW monglocalrealestateagencies (alphabetical):KevinBolCommercial Group,CandorRealty,Castleview,ColdwellBankerShook,CommercialBrokers,Fields,KellerWilliams,PrudentialIndiana,ReMax,CathyRussell,FCTucker,LenWilson,WMDProperties.

Amongtopresidentialbuilders:CitationHomes,CornerstoneHomeBuilders,GreenGooseHomes,KalanHomes,KomarkLtd.,SpireGroup,TempestHomes;commercial:HagermanConstruction,KellyConstructionof Indiana,KettelhutConstruction,T.L.Kincaid,MilestoneContractors,NorfleetBuilders,SuperiorStructures,TectonConstructionManagement,Tri-TechConstructionandWeigandConstructionCo.Related:KirbyRiskElectricalSupply,TheSchneiderCorp.,ScholerCorp.,TBIRDDesignServicesandTillettEngineeringServices.

Purdue Research Park of West Lafayette:200acresof 725-acreparknowhaveinfrastructure.Currently,theparkhas51buildings;1.3Msf isownedorleasedby160companies;about3,200employeesworkinthepark(largestfirmisStateFarmInsurance,535employees).Theparkhas350,000sf of incubatorspace,thelargestuniversity-affiliatedbusinessincubationcomplexinthenation.DesignatedanIndianaCertifiedTechnologyParkin2003,allowinglocaloptionandstateincometaxesfromemployeestobecollectedinadevelopmentfund.Parkhasa$1.3BeconomicimpactonIndiana.

Innovatech Development,aprivatelyownedfacility,offerscleanroom,wetlabandhigh-techmanufacturingspaceforleaseatPurdueResearchPark.

RECENT ACTIVITYMIXED-USE COMMERCIAL DEVELOPMENTS

Opened

720 Northwestern (jointventure:CampusAcquisitions/StreetCapital),five-story,mixeduse,retail/apartmentproject;twolevelsof undergroundparking,405spaces;apartments:490beds;retail:FreshCity

Marketgrocery,bookstore,RegionsBankandfast-foodrestaurantsongroundfloor.

Hayes Triangle (and Seng-Liang Wang Hall), 516Northwestern: four-story,$38.9Mbuilding500blockof Northwestern,retailongroundfloor;PurdueCollegeof Engineeringspaceabove.

Under Way/Announced

101 Main Street, five-storybuilding tohaveundergroundparking,96luxuryapartments,OldNationalBankregionalheadquarters,restaurant/retailspace,124-spaceparkinggarage;35surfaceparkingspaces;$24MprojectbyDeylenRealtyDevelopment;tobreakgroundSept.2015;toopenfirstquarter2017;toconnecttoplannedriverfrontpromenade.

225 Northwestern, 5-storyresidential/commercial,44apartments,5,300sf of retailongroundfloor.

Purdue Research Park Aerospace District, announcedin2015,withplansfora980-acresitetoencompassPurdueAirport,LafayetteAviationandMauriceJ.ZucrowLaboratories;toalsoincludeopportunitiesforaerospacecompanieswantingtocollaboratewithPurduetobuildresearchanddevelopmentfacilities.SitehasbeennamedanIndianaCertifiedTechnologyParkbytheIndianaEconomicDevelopmentCorp.A$48MRollsRoycefacilityisapotentialdevelopmentatthesite.

Regal Valley Commons,$30Mretail/commercialdevelopment,VeteransMemorialParkway,on29acres.

Residential/Multifamily

Centennial Townhomes: DeveloperJohnTeibelbuilding12two-storytownhomes;firstfourtobecompletedin2015;constructioncontinues.

Cumberland Proper: J.C.Hart,Carmel,developing266-unitplanneddevelopment,westendof Cumberland,19acres,toinclude24apartmentbuildings,11duplexes,clubhouse,EnglishTudorstyle;$20M;constructionunderway.

Lakeshore, 53unitsof multi-familyhousingplannedin2014.

Morris Rentals, $1.2Mprojectunderway.

Real Estate/Developments

24


ECONOMIC TRENDS

Regency Springs Apartments (JohnScheumann,CrestProperties),64-unitapartmentbuilding,undergroundparking,4thandAlabamadowntown,$5M.

South Street Station, Salisbury/Littleton,$5.7Mfour-story,46-unitcomplexunderway.

SENIOR LIVING

Aster Place: $24.6MfacilitybyAmericanSeniorCommunitiesopenedon9.5acresinCascadaPark;115unitsplus18independentlivingapartments;assistedlivingapartments,memorycare,gardenhomes.

Home Place Senior Apartments, informermedicalofficebuilding,40units,3-stories,inplanningstage.

The Springs at Lafayette (MainstreetProperties of Carmel,operatedbyTrilogyHealthServices),opened$14Massistedlivingfacility,formerHomeHospitalsite;100beds,singlestory,68,000sf,employing120.Facilityincludescafé,hairsalon,theatre,courtyard,pedestrian/biketrailtotietoColumbianPark.

Westminster Village investing$35Minnewhealth/fitnesscenterand54residences(inthreebuildings)calledTerracesatWestminster;units1,655sf to2095sf each.

BUILDING/SALES ACTIVITY

Residential sales,allof TippecanoeCounty

2015: [1stQuarter]392propertiessold, $61.2M,averageprice$156,122 [2ndQuarter]719propertiessold, $120M,averageprice$166,898

2014: 2,092propertiessold,$327.5M; averageprice$155,952




Single-family Building permits,allof TippecanoeCounty

2015: [1stand2ndQuarters]202

2014: 468

2013: 454

2012: 496

2011: 462

2010: 381

Multi-family building permits,allof TippecanoeCounty

2015: [1stand2ndQuarters]36units

2014: 452units,8sites



2011: 395units,4mainsites,othersinfill

Real Estate/Developments | Continued

New Chauncey neighborhood

25


ECONOMIC TRENDS

Recognitions

2014BUSINESS

No. 9, ForbesBestSmallPlacesforBusinessandCareersoutof 184citiesoneconomicandquality-of-lifeindicators,jobgrowthtrends,costof living(11.5percentbelownationalaverage)andcostof operatingbusiness.

No. 35, LeadingLocationbyAreaDevelopmentMagazineforeconomicandworkforceindicators.

PurdueResearchParkof WestLafayettenamed No. 1 Incubator of the Year byNationalBusinessIncubationAssociation

INDIANA

No. 7,AreaDevelopmentMagazine,inTop10StatesforDoingBusiness.

No. 8, TaxFoundation,fortopstatefortaxclimate.

Unless otherwise noted, recognitions are for Lafayette MSA, which includes Benton, Carroll and Tippecanoe counties.

2015GREATER LAFAYETTE

No. 8, AARPSmallCityLivabilityIndex(WestLafayette)

InTop 10ExportsLeaderlisting,BusinessFacilitiesMagazine

No. 11, ComputerScienceDegreeHub,50GreatCitiesforStudyingTechnologyandComputers

NamedtoTop 15inCiCi10thAnnualCommunityImpactinvestmentsbyTrade&IndustryDevelopmentforGEAviation’sconstruction

No. 32,USNews&WorldReport,Top50leastexpensiveplacesforretireestolive

INDIANA

“A” Grade formanufacturingandlogisticshealth,ConexusReportCard

CNBC,America’s Top States for Business: No.1,costof doingbusiness;No.4,costof living;No.8,economy;No.9friendliness;No.13forallfactors

Best of the Midwest,Chief ExecutiveOfficermagazine

Greater Lafayette Commerce

CHICAGO

LAFAYETTE

INDIANAPOLIS

26


ECONOMIC TRENDS

PUBLIC SCHOOLS

Lafayette School Corp. 11schools,7,036students;1FourStarschoolin2015(MurdockElementary)

Tippecanoe School Corp.18schools,11,844students;1FourStarschoolin2015(EastTippMiddle)

West Lafayette Community School Corp.3schools,2,138students;3FourStarschoolsin2015(Cumberland,HappyHollow,WestLafayetteJr./Sr.High.

RECENT ACTIVITYLafayetteSchoolCorp.remodelingthreeelementaryschools’kitchens,$1.2M;infall

EDUCATION

P-12 Schools

2015toreopenOaklandasanelementaryschoolandOaklandHighSchooltomovetoformerWashingtonElementary($2Minvestmenttoremodelthetwolocations).

TippecanoeSchoolCorp.renovatingandreopeningformerBattleGroundMiddleSchool,$5.8M;remodelingBurnettCreekandWoodlandelementaryschools,$10Meach.

WestLafayetteCumberlandElementary,$.4Mbuildingproject

LafayetteChristianSchool,with318students,isbuildingamusicfacilityaddition,$.6M

Religious

River City Leadership College toopeninAugustatFirstAssemblyCommunityMinistries;tobeanextensionsiteforSouthwesternAssembliesof God

University;offeringassociateof artsinBibleandbachelorof artsinchurchleadership;onsitehousingavailable.

Sunnyside Intermediate School

27


ECONOMIC TRENDS

OVERVIEW ome12,390studentsenrolledin IvyTechCommunityCollegeLafayette Region(Lafayette,Crawfordsville,FrankfortandMonticello)in2014-15,withanother5,800fromotherregionstakingdistanceeducationcoursesthatoriginateinLafayette.Thepublic,open-accesscollege,whichemploysnearly700,hassevenbuildingson51acresinLafayette.Itsfacilitiesincludeajoint-usecollege/publiclibrary.ItalsooperatesadowntownLafayettesatelliteandseveralregionalsites.

Thecollegeofferscoursesinmorethan80programsof studyandawardsassociatedegreesandtechnicalcertificates.Studyareasincludebiotechnology,advancedmanufacturing,agribusiness,alternativefuelstechnology,liberalarts,elementaryeducation,computerinformationtechnology,surgicaltechnology,criminaljusticeandnursing.Thecollegealso

Ivy Tech Community College - Lafayette

offersspecializedworkforcetrainingandcontinuingprofessionaleducation.Associatedegreegraduatesinanyof 10programscantransferasajuniortofour-yearinstitutions;othersarebeingdeveloped.

RECENT ACTIVITYSt.Joseph’sCollege,Rensselaer,nowoffering4-yearbachelor’scoursesatIvyTechforthosewhohaveearnedassociatedegreeinbusinessoraccounting;eveningclassesbeginningfall2014.

PurdueUniversityreservingfivespacesannuallyincivilorenvironmentalandecologicalengineeringforIvyTechassociate’sgraduatesinpre-engineeringwith3.0orbetterGPAinscience,mathandengineering.

AviationprogramdevelopedtosupportthenewGEAviationfacility.

S

Ivy Tech Community College

28


ECONOMIC TRENDS

Indiana University School of Medicine - Lafayette

I

W

Purdue University

OVERVIEW ndianaUniversitySchoolof Medicine– LafayetteoperatesonthePurdue Universitycampus,offeringafullfour-yearprogramandadmitting16first-yearmedicalstudentseachfall.Itsvisionformedicaleducationembracesqualitycareandaccessibilityforall.

OVERVIEW estLafayettecampusenrollment: Fall2014,38,770students,9,080 of theminternationalstudents(of those,7,739fromAsiancountries).Employed:15,612facultyandstaff,includingmorethan1,880tenuredandtenure-trackfaculty,and187distinguishedandnamedfaculty.Degreesofferedintheschoolsandcollegesof agriculture,education,engineering,healthandhumansciences,nursing,liberalarts,management,pharmacyandpharmaceuticalsciences,science,technologyandveterinarymedicine.About6,800earnundergraduatedegreesannually;1,600,master’s;and650,doctorates.

Facilities:Nearly400buildingsencompassing12Msf onapproximately18,000acres,includingfarmland.Sponsoredresearchfunding:$390M,2013-2014($320.2M,2012-13;$354M,2011-12;$419.6M,2010-2011;$438M,2009-10);amonghundredsof specializedcentersarecollaborativemanufacturing,managementof manufacturingenterprises,pharmaceuticalprocessingresearch,computerintegratedgoodmanufacturingandsoftwareengineeringresearch.

University’seconomicimpactinthestateismorethan$4.59Bannually.

RECENT NEWSTheschoolmovedintoanewfacilityfall2014,occupyingpartof theLyles-PorterHallatPurdue.

RECENT ACTIVITYPurdue Research Park Aerospace Districtannounced,980-acreprojectownedbyPurdueResearchParktoincludePurdueAirport,ZucrowLabs,PurdueAviation(formerlyLafayetteAviation)andspaceforaerospacecompaniestocollaboratewithPurdue;tooperateasanadditionalPurdueResearchPark.

Asian American and Asian Resource and Cultural Center spaceopenedinStewartCenter.

2014 First Year Class hadhighesttestscoresandGPAsof anyincomingclass.

Retention:2014achieved93percentretentionrate.

Purdue Movesbeingimplemented,a10-pointeffortlaunchedin2013toincludeenhancementsinSTEM,research,moreon-campushousing,neweducationmodels,andaffordability.

PATENTSTechnologylicenses:In2014,24startupswerefoundedthroughoutthecountrybasedoninnovationfromPurdueresearch;PurdueResearchFoundationannounced.Otheractivityincluded:272inventiondisclosures,120dealsfinalized,100issuedU.S.patents,471globalpatentapplicationsfiledandroyaltyincomeof $6.08million.

29


ECONOMIC TRENDS

NEW FACILITIES COMPLETED 2015$13MBoilermakerSoftballStadium

NEW FACILITIES/RENOVATIONS COMPLETED 2014From2004to2014,morethan$1Binnewconstructionof morethan50buildingscompleted.

$38M,111,700sf Lyles-PorterHallopenedfall2014inLifeandHealthSciencesPark,forspeech,languageandhearingsciencesandotherhealthprograms.

$38.9M,147,000sf HayesTriangle(andSeng-LiangWangHall)multi-usefacility,516NorthwesternAve.includesPurdueCollegeof Engineeringfacilitiesandretail.

$37.4M,304-bed,124,100sf ThirdStreetSuiteswithrestaurantandconveniencestore.

$29.5M,81,500sf KrachLeadershipCenter.

$28.7M,65,300sf drugdiscoveryfacilityinLifeandHealthSciencesPark.

$16M,850-spaceHarrisonStreetparkinggarageattachedtoLyles-PorterHall.

$15.9M,28,600sf MultidisciplinaryCancerResearchFacility,additiontoBindleyBioscienceCenter.

$7.6MRalphandBettyeBaileyHall,15,300sf.

UNDER WAY$90MHonorsCollegeandResidences,40,000sf of academicspace,morethan800beds,atRussellandThird,toopenin2016.

$79MWilmethActiveLearningCenter(libraryandclassrooms),164,000sf,toopensummer2017.

$70MCollegeof Engineeringstrategicgrowthinitiativemulti-buildingengineeringrenovation;firstphasetobecompletedbyfall2015.

$50IndianaManufacturingInstituteinPurdueResearchPark,62,000sf,researchof compositematerialsmanufacturingwithleasedspaceavailable,toopenmid-2016.

$10MAgronomyCenterPhenotypingandSeedProcessingLaboratory.

PLANNED$60MAgriculturalandLifeSciencesFacility.

$54MFlexLabFacility.

$50Manimalsciencesfacility.

$18.5MBechtelInnovationDesignCenter.

$11Mairportrunwayrehab.

$8.2MZucrowLabrenovation/addition.

Newchildcarecenter.

PURDUE UNIVERSITY | Continued

Ralph and Bettye Bailey Hall

TRENDSG R E A T E R L A F A Y E T T E C O M M E R C E

ECONOMIC

PublishedbyGreaterLafayetteCommerce,Economic TrendshighlightsactivitiesandinvestmentsimpactingtheeconomyinTippecanoeCounty,Indiana.Formoreinformation,visit

www.GreaterLafayetteCommerce.com

GreaterLafayetteCommerce337ColumbiaSt.P.O.Box348LafayetteIN47902765/742-4044

SITE AVAILABILITY:http://statein.zoomprospector.com

EDITORSJodyHamiltonDirectorof [email protected]

GreaterLafayetteCommerce,foundedin1927,isanonprofitmembershiporganizationsupportedbylocalindustriesandgovernments.Itsmissionistoadvanceeconomicandcommunityprosperityforasuperiorqualityof life.

July2015

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OVERVIEW everalothereducatorsofferprograms foradults.LafayetteAdultResource AcademyprovidesbasicskillstrainingandstudyfortheTestforAssessingSecondaryCompletion;ExcelCenterprovidesadulthighschooleducation.OnandoffsiteworkforcetrainingisofferedbyIvyTech.Andnationallyaccredited,career-focusedHarrisonCollegeoffersninebusinessandfourhealthscienceprograms,awardingcertificates,associateandbachelor’sdegrees.LeadershipLafayetteprovidesanannualcommunityleadershipprogram.

Workforce Development

RECENT ACTIVITYLafayette Adult Resource Academy is serving 1,700 students in the 2014/2015 academic year.

Tricoci University of Beauty is moving to a new location on Columbia.

Region 4 Workforce Board received a $7.6 million U.S. Department of Labor grant for a four-year Rapid Reemployment for Advanced Manufacturing Positions (RAMP) program that begins in 2015. Ivy Tech Community College and Purdue University will train 800 unemployed people for manufacturing jobs; participants will receive benefits during training.

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TRENDS - Kevin Bol Commercial Group

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