Business Facilities - February 2008 - (Page 46)

BUSINESS REPORT Indiana (Top) The two-story Purdue Research Park office structure is one of several buildings that will be part of the new Purdue Accelerator Park at Ameriplex-Indianapolis. (Left) Indianapolis Mayor Bart Peterson, left, and Purdue President Martin C. Jischke shake hands at the unveiling of the Purdue Research Park. of Technology, Purdue University, Anderson University, and Ball State University,” says Tom Epply, senior VP of engineering for CMT. With a successful track record of collaboration between research companies and university technology parks, Purdue Research Foundation announced last summer its plans to establish an Indianapolis-based technology park that will help high-tech entrepreneurs create new businesses and promote the expansion of established companies. The new Purdue Accelerator Park, set on 78 acres of the AmeriPlex-Indianapolis development, will accommodate up to 75 businesses and create 1,500 jobs with an average annual salary of $54,000. The park will be located along the I-70 corridor near the Indianapolis International Airport. 46 FEBRUARY 2008 The Purdue complex will include a 100,000- to 150,000-square-foot industrial flex building; a 50,000- to 70,000-square-foot multistory office building; the potential for four additional buildings for companies to accelerate business opportunities; a 300-bed, six-story hotel with a 30,000-square-foot conference center; and three sites for restaurants or retail shops. Besides high technology, other sectors of Indiana’s technology industry are seeing expansions and developments. In January, water treatment technology developer, Freije Treatment Systems Inc. announced plans to expand its corporate headquarters and product development center in Greenfield, IN, creating over 200 new jobs by 2010. The company will invest more than $2 million to locate its new facilities in 34,000 square feet of an existing space at the Mount Comfort Industrial Park. Freije currently employs 12 associates in its Northeast Indianapolis offices and plans to begin hiring sales staff, managers, and business professionals in March. “Freije is a company on the leading-edge of technology who will bring new jobs and new opportunities to Hancock County and Central Indiana,” says Bill Bolander, president of the Hancock County Council. Information technology (IT) is another sector seeing growth. With over 18,000 IT professionals already located in central Indiana, Fusion Alliance announced in January that it will add over 100 new jobs at its headquarters in Indianapolis. The company, which employs more than 220 IT professionals in Indiana and Ohio, plans to begin hiring additional infrastructure consultants, application developers, Web designers, business analysts, and project managers throughout 2008. The medical technology industry in Indiana is also formidable. According to rankings released in December by the Advanced Medical Technology Association, Indiana ranks second in the nation for the number of jobs created to support the medical technology field. An estimated 63,300 Indiana residents are employed as a direct result of this industry, good for fifth in the U.S. as a percentage of the workforce. “The medical technology industry not only provides high-paying jobs for Hoosiers,” says Dan Peterson, chairman of the Indiana Health Industry Forum, “it creates a substantial ripple effect throughout the entire economy. This study illustrates the continued momentum the industry has in Indiana.” PHOTO CREDITS: PURDUE RESEARCH FOUNDATION

Table of Contents Feed for the Digital Edition of Business Facilities - February 2008

Business Facilites - February 2008 Contents First Word Snapshots Corporate Moves: Texas Capturing the Creative Class Green with Energy Automotive Opportunities in a Green Economy Corporate Moves: Wyoming Metro Spotlight: Overland Park, KS Metro Spotlight: Long Island, NY Get Ahead in Alabama Indiana: Sending Tech Messages How to Successfully Negotiate a Lease in Today's Real Estate Environment Legislation Spurring Innovation in Kentucky New Center will Propel Ontario's Automotive Future Virginia's Vital Signs Eating Well in the North of France Advertiser Index Ask the Expert

Business Facilities - February 2008

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