Bioscience and Healthcare Contribute to a Healthy Economy

by Mike Hunter

As an economic sector locally, bioscience and healthcare is strong and growing. 

In the City of Phoenix (not the metropolitan area; just the city), there is more than $3 billion in bioscience healthcare facilities under construction or in the final design pipeline. This will bring to market over the next two years more than 4.4 million square feet of new facilities and 7,000 jobs, just within the City of Phoenix.  

In the last three years, the City of Phoenix, alone, has placed nine accelerating biotech companies on the stage at the BIO International Startup Stadium. Only 40 companies from around the world are invited to present each year. We’ve had three each year for the past three years. 

Additionally, by next fall the Valley will have six medical schools (four in Phoenix), plus eight health sciences schools, the community college programs and more. 

City of Phoenix spokesman Eric J. Toll puts this in perspective: “In the State of Texas in 2019, they delivered $4.1 billion in bioscience facilities — including retail facilities: medical office buildings, doctor’s office, clinics, wellness centers, urgent care and in-store. In Phoenix, we’re delivering over $3 billion in primary facilities open: hospitals, surgical centers, research facilities, manufacturing and laboratories.”

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