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Lafayette enjoys a robust, healthy economy, thanks to significant advances and commitments made under the leadership of Mayor Tony Roswarski .
In the last five years alone, capital investments in Greater Lafayette made or announced topped $3.5 billion:
• $1.947 billion in projects for 2006 and 2007 combined
• $592.29 million in investments in 2008
• $340.93 million in capital projects in 2009
• $640.1 million committed in 2010
Industrial Expansions
New industries have chosen Lafayette and local industries have added jobs and made significant investments, giving employees opportunities and increasing the city’s tax base.
Among the dozens of industrial making headlines since Roswarski became mayor in 2004 are:
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| New industrial facilities built: |
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Journal and Courier |
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M.A.I.L. |
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McKinney Corp |
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Toyota Tsusho America Inc. |
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Warehouse of Lafayette |
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| New employers choosing Lafayette: |
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Canteen Correctional Services |
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Liquid Spring |
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Nanshan America Advanced Aluminum Technologies |
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Ryla |
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| Expansions/added investments at local industries |
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Andover |
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Caterpillar |
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Coleman Cable |
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Elmsteel |
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Fairfield Manufacturing |
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FedEx |
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Ice Cream Specialties |
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Kirby Risk Service Center |
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Mulhaupts |
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Oscar Winski |
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Perry Chemical |
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Rea Magnet Wire |
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Schilli Distribution |
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Subaru of Indiana Automotive Inc. |
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Tate & Lyle |
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TRW |
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Wabash National Corp. |
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Warehouse of Lafayette |
Healthcare a Growing Regional Hub
Lafayette is a regional hub for state-of-the-art healthcare, and it’s one of the community’s fastest growing sectors, providing care for residents in an 18-county area. Among the healthcare developments occurring since Roswarski became mayor:
• Indiana University Health Arnett opened a new hospital in 2008
• Franciscan St. Elizabeth Health – Lafayette East hospital opened in 2010
• Dozens of new medical offices, labs and related care facilities have opened
Real Estate Developments
The community’s growth has been enhanced by numerous real estate developments since Roswarski took the city’s helm. Among them are:
• Cascada Business Park, now with nearly 20 professional buildings
• Chatham Square, a $19.8 million new urbanist development of 32 buildings with 89 rental units and 10 single-family homes, with community center, community garden, tennis courts, tot lot, now underway
• Lafayette Pavilions shopping center
• Renaissance Place, with high-end condominiums, restaurants, office building and parking center
• Shovel-ready Certification for Park 350
Retail, Restaurants Continually Open New Doors
Retailers and restaurants, both national chains and locally owned, recognize the value of operating in Lafayette. In 2010, some 35 new restaurants and retailers opened; in 2009, 40.
Focused Economic Development Efforts
Lafayette plays a leadership role in local economic development, partnering with Greater Lafayette Commerce to advance economic and community prosperity for a superior quality of life.
The city also oversees activities of Lafayette Urban Enterprise Association, which carries out numerous redevelopment programs throughout downtown and the surrounding areas.
The city was a participant, too, in a 14-county initiative that landed a $15 million, three-year grant in 2005 from the U.S. Department of Labor Workforce Innovation in Regional Economic Development (WIRED), bring new education and economic growth developments to Lafayette.
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