Greater Lafayette Commerce says area companies made more than $650 million last year in capital investments. The organization's year-end Economic Trends report also details 2014 highlights, including the construction of a GE Aviation facility and 20 new high-tech startups.

March 23, 2015

News Release

Lafayette, Ind. — Greater Lafayette Commerce has announced a robust 2014 in its just released, year-end Economic Trends report. Among the tallies: $651.3 million in capital investments, construction of GE Aviation and expansions at eight other industries, $120 million in new real estate developments, 20 new high-tech startups and 54 new retailers and restaurants.

“With every sector seeing growth—and more already announced early in 2015—we can say that Lafayette, West Lafayette and Tippecanoe County are enjoying healthy levels of activity that will spur even more growth,” said Jody Hamilton, economic development director at Greater Lafayette Commerce.

“All signs point to continued prosperity and validate the cooperative community spirit that constitutes our style,” she said.

“Industry is a strong suit, with about 60 firms producing a wide range of products and most shipping internationally.” Subaru of Indiana Automotive, in the midst of a $422 million expansion, employs nearly 3,200, and Wabash National, which shipped 57,300 new trailers last year, employs about 2,300. Other key industries include Caterpillar, Oerlikon Fairfield, Alcoa, Evonik, Tate & Lyle, and international firms—Nanshan America and Heartland Automotive.

“In the high-tech arena, innovation is prompting startups in unparalleled numbers,” Hamilton said. “We now have two co-working studios where even more entrepreneurs can get their start.”

Community initiatives, too, are moving Greater Lafayette forward, she said. They include manufacturing training, quality of life activities, school support programs and riverfront development.

“Keep your eye on Greater Lafayette,” Hamilton suggested. “More headlines are coming.”

The full economic trends report is available at www.greaterlafayettecommerce.com.

The organization also recently published a quality-of-life magazine, Discover Greater Lafayette, also available at its website.

About Greater Lafayette Commerce. Headquartered at 337 Columbia St. in Lafayette, Greater Lafayette Commerce (www.greaterlafayettecommerce.com), whose roots go back more than 85 years, is a nonprofit membership organization supported by local businesses, industries and governments. Its mission is to advance economic and community prosperity for a superior quality of life.

Source: Greater Lafyaette Commerce

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