Business

Business
8:12 am
Thu November 7, 2013

CityBus honors safe employees, sees ridership increase

CityBus General Manager Marty Sennett is scheduled to speak with WBAA every other month about what's going on at the transit service that serves Greater Lafayette.

The first two topics cover safe drivers and mechanics, and a safety campaign CityBus is creating with Purdue Police. Also, he discusses ridership numbers for 2013.

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Business
10:47 am
Tue November 5, 2013

Krannert's new MBA program in Chicago set for 2015

Purdue is expanding through a new program offered in Chicago.

The weekend MBA for STEM Professionals runs 16 months, beginning with a 10 day orientation in West Lafayette; otherwise, students meet in downtown Chicago.

Krannert Dean Chris Earley says the city has the highest concentration of Purdue alumni anywhere in the world. He thinks a lot of them will be interested in getting another degree from Purdue.

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Business
5:00 pm
Fri November 1, 2013

Purdue's University Development Office moving to Purdue Research Foundation

The fundraising arm of Purdue is moving to the Purdue Research Foundation.

The Board of Trustees’ Executive Committee approved the transfer Friday afternoon.

Administrators say it will provide more flexibility and allow both the University Development Office and P.R.F. to better serve donors.

Foundation President Dan Hasler says both have similar functions, so combining the two makes sense.

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Business
11:50 am
Tue October 29, 2013

City of Lafayette purchasing new computer system

Credit Central Indiana Glass & Glazing

The City of Lafayette is moving forward with a new computer system to handle day-to-day operations. The Board of Works approved a recommendation to purchase the package from Tyler Technologies Munis.

Lafayette information technology director Andy Milam says the change will mean better service for employees and residents.

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Business
11:49 am
Fri October 25, 2013

Local medical device company expanding

A leading developer of regenerative medicine products is expanding in Lafayette.

ACell Incorporated is headquartered in Maryland, but opened its site in Duncan Park on Sagamore Parkway in 2006.

Initially housed in a 2,500 square-foot facility, the company currently occupies 28,000 square feet. An additional 14,000 square feet of new space will be constructed by late 2014.

ACell president Rodney Bosley says the new facility is needed to help the company continue to grow. It's being paid for by the developer of Duncan Park, INOK Investments.

Business
8:38 am
Fri October 25, 2013

Developer getting city dollars to redevelop former hospital site

The redevelopment of the Home Hospital site in Lafayette is getting some financial assistance from the city. Mainstreet Property Group will receive $800,000 in tax increment financing district funds over four years.

In essence, some of that funding will come from the developer’s own tax liability. A 65,000 square foot senior living facility will go up where the old hospital once stood.

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Business
1:37 pm
Thu October 24, 2013

Lafayette seeking proposals for vacant lot downtown

Developers interested in a downtown Lafayette property can submit their proposals next month.

The city is looking for someone to build at 103 South 4th Street, which is the site of the former Queen Anne Courts apartment complex.

Economic Development Director Dennis Carson says the request for proposals has specific conditions, including a residential element.

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Business
8:26 am
Thu October 24, 2013

IN company investing millions to provide fuel to UPS

An Indianapolis company has come to terms on a deal with UPS that is expected to save millions and reduce its carbon footprint.

Kinetrex Energy, a subsidiary of Citizens Energy Group, will supply liquefied natural gas (LNG) to fuel UPS tractor trailers in the Midwest.

President and CEO Carey Lykins says the move is a step toward becoming the leading LNG provider in the region.

"It's perfect timing," he says. "The price of natural gas is 60% of what it was six years ago and especially compared to the price of diesel, which is going up."

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Business
12:54 pm
Wed October 23, 2013

Franciscan Alliance job cuts affecting Lafayette, Crawfordsville

A St. Elizabeth Health official says 39 jobs will be cut at the organization's hospitals in Lafayette and Crawfordsville.

Lisa Decker, Vice President of Marketing and Business Development, says those positions are across all units and does include "several nurse positions." She says no doctor jobs are being cut.

Below is the news release from Franciscan Alliance about the staff reduction:

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Business
1:51 pm
Wed October 16, 2013

2013 IN Manufacturing Survey

Indiana University researchers say a renaissance is underway in the state’s manufacturing sector.  However, the 2013 Indiana Manufacturing Industry Survey released Wednesday also shows potential storm clouds on the horizon.

Indiana University professor Steven Jones says growth in Indiana’s manufacturing industry is led by a surge in smart manufacturing – which combines things such as new technologies with reductions in energy needs.  He says it gives local manufacturers an advantage over companies overseas.

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