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Economictr Ends Mid-Year 2015

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Economictr Ends Mid-Year 2015 GREATER LAFAYETTE COMMERCE ECONOMICTR ENDS MID-YEAR 2015 2015 Off to a Brisk Start rom new manufacturing to top-dollar Street, a $24M residential/commercial venture mixed-use developments, education downtown; and creation of the 980-acre F expansions and an aerospace technology Purdue Research Park Aerospace District. park launch, Greater Lafayette continues Existing industries, too, are expanding, as well making headlines in the economic as medical facilities, the hospitality industry development arena. Topping the list: The and infrastructure improvements. Activity $115M GE Aviation facility, under way; the would best be described as positive and $50M Indiana Manufacturing Institute robust, and especially so because of numerous going up in Purdue Research Park; 101 Main cooperative community initiatives. IN THIS ISSUE Quick Glance, 2015 Activity Details inside BUSINESS AND INDUSTRY Advanced Manufacturing 5 CAPITAL INVESTMENTS HIGH-TECH/LIFE SCIENCES High-tech/Life Sciences 8 2015 mid-year: more than $400M (2014, New: Quest Global Engineering Co-working Facilities 14 $651.3M; 2013, $1.02B; 2012, $646.1M; New facility: Triclinic Labs built $6M Professional/Services/ 2011, $444.3M) headquarters Warehouse 15 Retail/Hospitality/Tourism 16 Expansion: Spensa Technologies Inc. BUSINESS AND INDUSTRY Sustainable Energy 17 Expanded services: MED Institute ADVANCED MANUFACTURING COMMUNITY New: Cutting Edge Industrial Technologies CO-WORKING FACILITIES Initiatives 18 opened; GE Aviation announced additional Media 19 $15M investment and 30 more jobs for Opened: The Bindery Artist’s Studios Medical 20 its under-construction plant, for a total Nonprofit Sector 21 investment of $115M PROFESSIONAL/SERVICES Public Works 22 Expansions: Heartland Automotive, $.5M; Banking: Purdue Federal Credit Union branch Real Estate 24 Oerlikon Fairfield, $.6M; Schooldatebooks, remodel Recognitions 25 $1.1M; Tate & Lyle, $65M Real Estate: Kevin Bol Commercial Group Continuing expansion: Subaru of Indiana EDUCATION opened Automotive P-12 Schools 26 Religious 26 RETAIL/HOSPITALITY/TOURISM Ivy Tech 27 Retailers/restaurants: 29 new spots opened IU School of Medicine - or announced so far in 2015 (54 in 2014; 52 Lafayette 28 total in 2013; 60 in 2012; 41 in 2011) Purdue University 28 Transportation: CityBus added 10 CNG buses Workforce Development 29 to its fleet; opened CNG fueling station Quick Glance | Continued 101 Main St. mixed-use facility COMMUNITY PUBLIC WORKS MEDICAL Lafayette 2015: $25M in street work, GREATER $6.9M of it in downtown streetscapes; LAFAYETTE New: Evans Eye Care Inc. $2M Long Center for the Performing Arts COMMERCE Under way: Franciscan St. Elizabeth Health renovation; creation of Library Park ECONOMIC Cardiac Rehab and Pulmonary Rehab; IU West Lafayette 2015: $14.8M in street and TR ENDS Health Arnett Hospital Medical Office sidewalk work Building, Joyful Journey Adult Day Service Tippecanoe County 2015: $3.9M in Services: IU Health Arnett adding mental bridge and road work; purchasing former health services; Franciscan St. Elizabeth bank for offices Health expanding its mental health care Tippecanoe County Public Library: Building $2M east side branch NONPROFIT Underway: Clear River Church; REAL ESTATE Engagement Center being created for those with housing needs; Food Finders Food Aerospace: 980-acre Purdue Research Park Bank to open Food Resource Center; Right Aerospace District created, includes airport, Steps Child Development Centers moved Purdue Aviation, Zucrow labs, space for Durgan School site to Creasy Lane company collaborations New name: Willowstone Family Services Mixed Use: 101 Main St., $24M project (for Family Services Inc.) with apartments, bank, retail/restaurant Remodels: Farmhouse Fraternity, Beta Mu Apartments: Regency Springs Apartments Chapter House, Delta Mu Fraternity, Fowler Senior Living/Care: Terraces of House Westminster Village; some completed; Opened: Three residential groups homes, construction continues by Wabash Center Other: Centennial Townhomes; some completed; construction continues 2 Quick Glance | Continued Home Sales: 1st Q: 392 homes, $61.2M; DEMOGRAPHICS 2nd Q: 719 homes, $10M POPULATION, 2013 New Home Construction: 1st Q: 47 single- Lafayette 70,373 family, 36 multi-family units; 2nd Q: 155 single-family units West Lafayette 42,419 All of Tippecanoe County 180,174 EDUCATION The region About 500,000 K-12: Lafayette School Corp. reopening Oakland Elementary School; Tippecanoe LABOR FORCE School Corp. adding on at two elementary schools; Lafayette Christian School adding Live in Tippecanoe music facility. Indiana Four Star Schools County and work About 100,792 for accountability and high ISTEP scores: Live and work in Cumberland, Happy Hollow and Murdock Tippecanoe County About 95,601 elementary schools; East Tipp Middle Commute out of School and West Lafayette Jr./Sr. High Tippecanoe County About 5,191 School. Commute in to Religious: River City Leadership College Tippecanoe County About 18,414 opening at First Assembly Community Ministries; to offer associate and bachelor’s Sources: U.S. Census Bureau; Indiana Stats, degrees. GREATER www.stats.indiana.edu LAFAYETTE Purdue: $50M Indiana Manufacturing COMMERCE Institute under way at Purdue Research Park; Asian American and Asian Resource ECONOMIC and Cultural Center space opened TR ENDS in Stewart Center; child care center announced. McCutcheon High School 3 BUSINESS AND INDUSTRY Advanced Manufacturing OVERVIEW KEY INDUSTRIES bout 60 manufacturing and industrial (listed alphabetically) firms operate in Tippecanoe County, ALCOA/LAFAYETTE OPERATIONS employing about 15 percent of the A 775 employees workforce and shipping worldwide. Extruded aluminum products 2014: Opened $100M, 115,000sf aluminum INDUSTRY RANKING BASED ON lithium plant (world’s first full-production EMPLOYMENT facility) Subaru of Indiana Automotive 3,192 ALLOY CUSTOM PRODUCTS INC. Wabash National 2,292 107 employees Caterpillar Large Engine Center 1,432 Tank trailers, pressure vessels Oerlikon Fairfield Drive Systems 950 ANDOVER COILS LLC Alcoa/Lafayette Operations 775 27 employees Lafayette Interior Fashions 572 Electronic coils and transformers Evonik Degussa Corp. BLICHMANN ENGINEERING Tippecanoe Labs 555 GREATER Home brewing equipment LAFAYETTE Tate & Lyle, two plants 500 COMMERCE TRW Commercial Steering 317 CANTEEN CORRECTIONAL SERVICES ECONOMIC Kirby Risk Service Center 317 TR ENDS 10 employees Rea Magnet Wire Corp. 213 Meal, laundry services for correctional Southwire Lafayette Plant 174 facilities Oscar Winski Co. Inc. 141 CARLEX GLASS CO. Industrial Pallet Corp. 120 12 employees Nanshan America 119 Assemble, cure auto window panels Landis + Gyr 115 CATERPILLAR LARGE Alloy Custom Products 107 ENGINE CENTER 1,432 employees voestalpine Rotec 107 Diesel and natural gas engines Heartland Automotive 100 2015: Employment reduced by 250 ProAxis 100 CATERPILLAR LOGISTICS SERVICES INC. Trucking, warehousing COPPER MOON WORLD COFFEE 30 employees Wholesale coffee 2014: Expanded facility CUTTING EDGE INDUSTRIAL TECHNOLOGIES LLC Custom plastic injection molding, vacuum forming and machining 4 Advanced Manufacturing | Continued DAYTON-PHOENIX GROUP INC. INDUSTRIAL PALLET CORP./ 56 employees AMERICAN FIBERTECH CORP. Braking resistors for freight, off-highway 120 employees vehicles Wooden pallets ENVIRONMENTAL RECYCLING INC. JESSUP PAPER BOX Recycling construction, manufacturing 18 employees materials Rigid boxes, slip cases, clamshells, game boards, puzzles EVONIK DEGUSSA CORP. TIPPECANOE LABS 2014: Moving from White County; 40,000sf new plant under way. 555 employees Pharmaceutical components KIRBY RISK SERVICE CENTER 317 employees FCA MANUFACTURING Wiring harnesses and subassemblies 36 employees Industrial wood skids and boxes LAFAYETTE INSTRUMENT 56 employees GE AVIATION Polygraph instrumentation and other high- LEAP engine assembly, maintenance, repair, tech detection and decision-making devices overhaul GREATER 2015: $115 million, 150,000sf plant under LAFAYETTE INTERIOR FASHIONS LAFAYETTE construction on 60 acres in Park 350; to hire 572 employees COMMERCE 230; construction slated for completion in Custom window coverings 2015; assembly to begin in 2016; announced ECONOMIC increase in investment and jobs after initial LAFAYETTE PUZZLE FACTORY TR ENDS announcement, for maintenance, repair and 4 employees overhaul of LEAP engines. Jigsaw, sphere and chalkboard puzzle GRAYBAR designer 7 employees LANDIS+GYR Supply chain management, logistic services 115 employees GREAT LAKES SOLUTIONS Electronic meters A CHEMTURA BUSINESS Owned by Japan-based Toshiba Corp. 2015: Facility closed. LIQUID SPRING LLC HEARTLAND AUTOMOTIVE Suspension systems 100 employees M4 SCIENCES CORP. Interior and exterior automotive 10 employees components: instrument panels, doors, head Ultra-precision, electro-mechanical liners and auto body parts modulation device for deep-hole drilling 2015: $.5M dock addition using low-frequency vibration on lathes 2014: $38M addition, to hire 224 more by fall 2015. M.A.I.L. INC. 63 employees HICKSGAS Outsource mailroom; catalog fulfillment Propane distributor MCKINNEY CORP. ICE CREAM SPECIALTIES 18 employees Ice cream novelties Race car chassis and component maker MILESTONE CONTRACTORS Asphalt plant 5 Advanced Manufacturing | Continued MULHAUPT’S INC. PACKAGING SYSTEMS OF INDIANA 65 employees 28 employees Custom metal door-frames, contract Shipping products hardware PERRY FOAM PRODUCTS NANSHAN AMERICA ADVANCED 49 employees ALUMINUM TECHNOLOGIES Urethane foam sanding pad products
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