The Phoenix Bioscience Core is a 30-acre life sciences innovation district in the heart of Downtown Phoenix. Home to the highest concentration of research scientists in the state, the PBC’s anchor institutions include Arizona’s three public research universities — Arizona State University, Northern Arizona University and the University of Arizona — leading genomics pioneers including the Translational Genomics Research Institute (TGen), part of the City of Hope; the International Genomics Consortium; Exact Sciences; several of Phoenix’s major health care systems, such as Banner Health, Phoenix Children’s Hospital, Dignity Health and Valleywise Health; and a growing number of emerging life science companies.

ABOUT ARIZONA'S LIFE SCIENCE SECTOR

Arizona’s Life Science Sector is growing rapidly and reached more than 39,118 jobs spanning 3,350 business establishments in 2022. Bioscience industry jobs increased by 14.8% between 2020-22 compared to the U.S. average of 11.1% growth. The average Arizona wage for non-hospital bioscience jobs in 2022 was $99,658.

Arizona’s academic research and development expenditures in 2022 reached a record-high $706 million, a steady increase over $642 million in 2021 and $623 million in 2020. In May 2024, Arizona's three public universities awarded diplomas to almost 35,000 graduates.

Cost of Operations: Our Arizona Economic Development Partners can quickly help you develop an operating cost model to compare Arizona locations to other locations you may be considering. For example:

Source: Applied Economics Metrocomp Tool, January 2024. Click here to view the cost breakdowns.

More Arizona Advantages

Reach 65% of the U.S. Population by air within 2 hours and by land within 24 hours
No Natural Disasters to Disrupt Your Supply Chain
Business Friendly Policies and Support Infrastructure
100 Years of Water thanks to Proactive Management, Planning and Policies
Research 1 Universities and the largest Community College District in the U.S.
Respected Clinical Partners: Banner Health, City of Hope, Dignity Health, HonorHealth, and Mayo Clinic
World Class Research Partners: Arizona Arizona Alzheimer's Consortium, Arizona Heart Hospital, ASU Biodesign, Barrow Neurological Institute, Norton Thoracic Institute, UArizona BIO5, Critical Path Institute, Phoenix Children's Hospital, TGen, UArizona Health Sciences
Medical Schools: Creighton University, Mayo Clinic Alix School of Medicine, Midwestern University, University of Arizona College of Medicine Phoenix, University of Arizona College of Medicine Tucson
Veterinary Schools: Midwestern University and University of Arizona

Economic Development Partners

Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy.
City of Phoenix Economic Development supports activities that get results. Phoenix is the 5th largest city in the United States and ranked 5th in the nation among Emerging Life Science Markets in 2021.
Greater Phoenix Economic Council (GPEC) works to attract and grow quality businesses and advocate for the competitiveness of Greater Phoenix.
Sun Corridor Inc. coordinates economic development activities and programs within the Southern Arizona megaregion under one umbrella.