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Greater Lafayette Commerce Econtromic ENDS YEAR-END 2014

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Greater Lafayette Commerce Econtromic ENDS YEAR-END 2014 Greater Lafayette CommerCe ECoNTRoMIC ENDS YEAR-END 2014 Industry, Real Estate Developments Top 2014 Economic News ignificant industrial investments and this year. Other growth included 54 new new real estate developments topped the retailers and restaurants, several new bank S positive news in 2014 for Greater locations and 20 new startup, knowledge-based Lafayette, where a new $100 million GE businesses. Aviation plant is now under construction Throughout the year, the community and Tate & Lyle is spending $90 million to collectively focused on “The Place of Choice” enhance its two corn processing plants. More plan, improving quality of life and other than $120 million in real estate developments sectors. It landed a 9th place ranking out of 184 are changing the landscape, primarily in cities in Forbes 2014 list of Best Small Places for multifamily and mixed-use, retail/apartment Business and Careers. sites. In all, $651.3 million was invested IN ThIS issue Quick Glance, 2014 Activity Details inside BuSineSS And induStry Advanced Manufacturing 4 CAPITAL INVESTMENTS SPEAKModalities, SpeechVive, Spero Energy, Vibronix High-tech/Life Sciences 8 2014, $651.3M (2013, $1.02B; 2012, Co-working Facilities 14 $646.1M; 2011, $444.3M; 2010, $640.1M) Funding: bioVidria Inc., $1M grant; Symic Professional/Services/ Biomedical, $15M Warehouse 15 BUSINESS AND INDUSTRY Expanded Service: MetroNet now providing Retail/Hospitality/Tourism 16 1g service to homes, businesses; Wintek Sustainable Energy 18 AdvAnced MAnufActuring established point-of-presence at Chicago carrier New: GE Aviation, Jessup Paperbox coMMunity Expansions: Alcoa, Copper Moon Coffee, co-working FaciLitieS Initiatives 18 FedEx Ground, Frito Lay warehouse, Rea Media 19 Opened: MatchBOX Coworking Studio Magnet Wire, Tate & Lyle, TRW, Wabash Medical 20 National, Wildcat Creek Partners Expanded: The Anvil Nonprofit Sector 21 Continuing Expansion: Subaru of Indiana Under way: The Bindery Artist’s Studios Public Works 22 Automotive Real Estate 23 ProfeSSionAL/ServiceS Recognitions 25 HigH-tecH/Life ScienceS Banking: New facilities – Centier, Purdue educAtion New: Some 20 companies, including Federal Credit Union, Regions, Security Federal P-12 Schools 26 Animated Dynamics, Aseda Sciences, Savings Bank; acquisition—Lafayette Savings Ivy Tech 26 Aten Biotherapeutic, Biokorf, CPrecisely, Bank by Old National Bank IU School of Medicine - Drug-free Therapeautix, Energy Driven Remodel: Cornerstone Financial, Purdue Lafayette 27 Technologies, KinaSense, Mobile Enerlytics, Federal Credit Union on Union St. Purdue University 27 Nano-Meta Technologies, Nemoco, Mortgage: AmeriFirst, Ruoff Home Mortgage Workforce Development 29 Neuro Vigor, Sensorhound Innovations, Quick Glance | Continued Two Tulips,a downtown retailer Greater Lafayette CommerCe Other: Cornerstone Financial, DogWood nonProfit Kennel, My Gym, Studio B Fitness, Studio ECONOMIC Underway: Clear River Church Soar TR ENDS New: Lafayette Family YMCA outside basketball courts retAiL/HoSPitALity/touriSM Remodel: Cornerstone Baptist Church Retailers/restaurants: 54 new spots opened in 2014 (52 total in 2013; 60 in 2012; Merged: Crisis Center with Mental Health 41 in 2011; 35 in 2010) America of Tippecanoe County Hotels: Courtyard by Marriott and Hampton Inn expanding; Fairfield Inn PuBLic workS renovating Lafayette: $3.4M Riehle Plaza and Transportation: Uber, TaxiTapp pedestrian bridge improvements under way; $9.9M in street work, 2014 CoMMUNITY West Lafayette: Annexed 3,977 acres, including Purdue campus, increased MedicAL population by 12,000 and city from 7.62 New: AlignLife Chiropractic, Franciscan square miles to 13.84 square miles and Express Care, Hendrickson Oral Surgery, moved up from a Class 3 to Class 2 in Home Health Depot, Men’s T Clinic Indiana city size; $15.2M in street work, 2014; State Street master plan adopted; Renovation: IU Health Arnett Cancer $1.2M wastewater treatment plant Center improvement Under way: Franciscan Alliance Tippecanoe County: Purchasing former Cardiopulmonary Rehab, IU Health Arnett bank for offices Hospital Medical Office Building, Joyful Journey Adult Day Service Tippecanoe County Public Library: Building $2M east side branch 2 Quick Glance | Continued REAL Estate Suites, Seng-Liang Wang Hall; underway— Active Learning Center, Agronomy Mixed Use: Lor Corp., Lindberg and Center Phenotyping and Seed Processing Northwestern; 225 Northwestern; Laboratory, College of Engineering strategic Cumberland Proper; Granite Student growth renovations, Honors College and Apartments Residences; softball stadium; announced— Apartments: Regency Springs Apartments; new child care center. South Street Station Senior Living/Care: Aster Place, DEMoGRAPhICS The Springs of Lafayette; Terraces of PoPuLAtion, 2013 Westminster Village Other: Centennial Townhomes Lafayette 70,373 Home Sales: 2,092 single-family houses West Lafayette 42,419* sold All of Tippecanoe County 180,174 The region About 500,000 EDUCATIoN Labor force, Tippecanoe New: T.C. Harris Academy County residents About 86,000 K-12: Lafayette School Corp. reopening an Labor force, including elementary school incoming commuters About 104,500 Greater Ivy Tech: St. Joseph’s College, Rensselaer, *Estimated, pending census following offering bachelor’s degrees at Ivy Tech Lafayette annexation CommerCe Purdue: Opened—Ralph and Bettye Bailey Sources: U.S. Census Bureau; Indiana Stats, ECONOMIC Hall, drug discovery facility, Harrison www.stats.indiana.ed Street parking garage, Krach Leadership TR ENDS Center, Lyles-Porter Hall, multidisciplinary cancer research facility, Third Street Vinton Woods 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: Plant upgrades/expansion, $.6M; INDUSTRY RANkING BASED completed and opened $100M, 115,000sf oN EMPLoYMENT aluminum lithium plant (world’s first Subaru of Indiana Automotive 3,192 full-production facility) on current campus, producing 20,000 metric tons and cast Wabash National 2,292 round and rectangular ingot for rolled, Caterpillar Large Engine Center 1,682 extruded and forged applications in billet Oerlikon Fairfield Drive Systems 1,034 sizes up to 33-inch diameter and slab capable of producing wing skin plate and Alcoa/Lafayette Operations 775 fuselage sheet for commercial aircraft. Lafayette Interior Fashions 572 ALLoY CUSToM PRoducts INC. Evonik Degussa Corp. 107 employees Tippecanoe Labs 555 Greater Tank trailers, pressure vessels Lafayette Tate & Lyle, two plants 500 CommerCe TRW Commercial Steering 317 ANDoVER CoILS LLC 27 employees ECONOMIC Kirby Risk Service Center 317 TR ENDS Electronic coils and transformers Rea Magnet Wire Corp. 213 BLIChMANN ENGINEERING Southwire Lafayette Plant 174 Home brewing equipment Oscar Winski Co. Inc. 141 Industrial Pallet Corp. 120 CANTEEN CorrectioNAL SERVICES Nanshan America 119 10 employees Landis + Gyr 115 Meal, laundry services for correctional Alloy Custom Products 107 facilities voestalpine Rotec 107 CARLEx Glass Co. Great Lakes Solutions 105 12 employees Heartland Automotive 100 Assemble, cure auto window panels ProAxis 100 Caterpillar LARGE ENGINE CENTER 1,682 employees Diesel and natural gas engines Caterpillar LoGISTICS SERVICES INC. Trucking, warehousing CoPPER MooN woRLD CoffEE 30 employees Wholesale coffee 2014: Expanded facility 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 tech detection and decision-making devices 2014: $92 million, 150,000sf plant under Greater construction on 60 acres in Park 350; to hire LAfayette INTERIoR FashIoNS Lafayette 200; construction slated for completion in 572 employees CommerCe 3rd quarter 2014; assembly to begin in 2016. Custom window coverings ECONOMIC Graybar LAfayette PUzzLE FactoRY TR ENDS 7 employees 4 employees Supply chain management, logistic services Jigsaw, sphere and chalkboard puzzle Great LAkES SolutioNS, designer A ChEMTURA business LANDIS+GYR 105 employees 115 employees Flame retardant research center, Electronic meters prototyping Owned by Japan-based Toshiba Corp. 2014: Announced restructuring, pending workforce reduction. LIqUID SPRING LLC Suspension systems hEARTLAND AUToMoTIVE 100 employees M4 SCIENCES CoRP. Interior and exterior automotive 10 employees components: instrument panels, doors, Ultra-precision, electro-mechanical head liners and auto body parts modulation device for deep-hole drilling 2014: $38M addition, to hire 224 more by using low-frequency vibration on lathes fall 2015. M.A.I.L. INC. hICksgas 63 employees Propane distributor Outsource mailroom; catalog fulfillment ICE CREAM Specialties MCkINNEY CoRP. Ice cream novelties 18 employees
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