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 bioscience industry employed 40,399 in 2023 across 3,652 state business establishments, representing a rapid 24.6 percent increase in employment since 2019 and placing the state among the leaders in employment growth. The average wage in the bioscience industry was $102,161—53 percent higher than the state’s private sector average.

Academic R&D expenditures in bioscience fields reached a new height of $683.3 million in 2022. NIH funding for Arizona totaled $366.5 million in 2023 following steady annual growth since 2019. Arizona’s bioscience companies attracted strong venture capital investment, with $281.8 million invested in 2023. Arizona stands out in patent activity in bioscience-related technology areas—its 3,387 patent awards from 2019 through 2023 places the state in the second quintile among all states. AZ-BIO2024 - state profile

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.

Construction is underway on the new building that will house the University of Arizona Health Sciences Center for Advanced Molecular and Immunological Therapies, or CAMI, on the Phoenix Bioscience Core in downtown Phoenix.

CAMI will anchor an innovation district that aims to establish the Phoenix Bioscience Core as a hub of cell and gene therapy research, startup activity and corporate engagement. Located at the corner of Seventh and Fillmore streets, CAMI will be adjacent to the Biomedical Sciences Partnership Building that houses the U of A College of Medicine – Phoenix.

A groundbreaking was held Oct. 30, 2024 for the more than 200,000-square-foot, seven-story building that will house research laboratories, a clinical suite, administrative and meeting spaces, and an urban garden and café. The building is expected to be completed in 2027. (Read More)