Business

Business
1:30 pm
Thu October 10, 2013

Sypris Electronics expands Purdue Research Park presence

Scott Peters, staff software engineer, gives a tour of a Sypris Research Center lab after the company's ribbon cutting event.
Credit Mike Loizzo / WBAA Radio

A cyber security firm is growing in the Purdue Research Park. Sypris Electronics officially opened its research center Thursday morning. Its focus is on network protection and critical infrastructure.

President John Walsh, who is a Purdue graduate, says locating in the Research Park will allow collaboration with the university.

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Business
6:29 am
Thu October 3, 2013

IU Health Arnett consolidating urgent care centers

Less than two months after IU Health Arnett opened its new facility in West Lafayette, it’s closing an urgent care center at another location.

Executives say consolidating the Greenbush Street urgent care service into the locations on the south side of Lafayette and in West Lafayette will bring about efficiencies that better serve patients.

They also say the vacant space at the Greenbush facility could be used to expand primary care services.

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Business
5:38 am
Thu October 3, 2013

2013 holiday retail sales outlook

A Purdue expert says holiday sales this year likely will be flat. Consumer Science Professor Richard Feinberg says several indicators point to the lackluster outlook.

He's forecasting overall retail sales will be 0-2% lower than last year.

"At the overly optimistic end, I might see an 0-2% overall increase," Feinberg says. "Last year, $590 billion was spent during the holiday retail season."

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Business
3:04 pm
Fri September 20, 2013

IN unemployment rate drops in August

Indiana’s unemployment rate had its biggest single-month drop in more than two years, but the state’s private sector also lost nearly three thousand jobs in August.

Indiana’s unemployment rate dropped to 8.1% last month, its lowest level in nearly a year.  And both the manufacturing and private educational and health services sectors made significant gains, each adding 3,000 jobs.  But the state’s private sector as a whole lost 2,900 jobs in August.  And July’s employment numbers were revised downward, reflecting significant private sector job loss.

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Business
12:18 pm
Thu September 19, 2013

$165,000 split among several Lafayette area nonprofits

A Lafayette manufacturer’s successful fundraiser means $165,000 is going to local charities.

Wabash National raised most of that from its corporate suppliers’ golf outing Wednesday. President and CEO Dick Giromini says businesses need to reach out and help area service agencies.

“With federal funding continuing to decrease, state funding continuing to decrease to support a lot of these programs – it really becomes important for us to step up when we can,” he says.

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Business
10:20 am
Wed September 18, 2013

WL firm competing for $50,000 investment

The Z-trap from Spensa Technologies.
Credit photo provided

A national business accelerator program includes a firm located in the Purdue Research Park.

Spensa Technologies makes an automated insect monitoring system for commercial agriculture. Kim Nicholson, vice president of business development, says that allows producers to better manage pesticide use. It also is designed to cut labor costs, because the traps can send the information to a computer or mobile device with wireless technology.

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Business
2:40 pm
Mon September 9, 2013

Greater Lafayette Commerce asks for input, support for Pledge to be Open

Greater Lafayette Commerce wants feedback on job search resources you may have used in the past. 

The Quality of Life Council is following up on one of the issues raised during an assessment of the area and how to make it more inviting.

Erin Nelson is heading up the effort. She says they want to know about the job opportunities in the Lafayette area. The Good to Great report last year showed young professionals aren’t satisfied with the positions available.

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Business
11:50 am
Thu September 5, 2013

Purdue "Foundry" designed to move ideas to the marketplace

The Foundry is located in the Burton D. Morgan Center for Entrepreneurship at Purdue's Discovery Park.
Credit Purdue University

Purdue is putting a greater emphasis on commercialization of faculty, staff and student inventions.

To help move ideas to the marketplace more quickly, the Purdue Research Foundation created the Foundry. Officials say it’s a place to transform innovators into entrepreneurs by offering advice on legal matters, market analysis and business plans.

Greg Deason, executive director, says the move brings together all of Purdue’s resources that are available for starting new companies.

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Business
11:37 am
Thu September 5, 2013

Indy to San Francisco nonstop service begins in 2014

Credit photo provided

The Indianapolis International Airport will begin offering nonstop service to San Francisco next year.

The United Airlines flight is scheduled to leave Indy each morning at 8 a.m. A flight back from San Francisco will return just before 9 p.m. each night.

The Indiana Economic Development Corporation will provide United with a minimum revenue guarantee during the term of the one year agreement. IEDC has set aside $1.5 million in reserve funds to provide that.

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Business
4:21 pm
Tue September 3, 2013

Construction at Lafayette coworking site to begin soon

The City of Lafayette and its partners on a new coworking space downtown are getting additional help from their project development contractor.

The board of works approved an extension for Jason Tennenhouse Tuesday. The previous agreement expired last week.

Economic Development Director Dennis Carson says Tennenhouse will continue providing his design and strategy services through December.

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