The Valley’s burgeoning life sciences industry is boosting the state’s economy, creating hundreds of jobs and providing positive outcomes for patients in search of treatments for a variety of conditions.
Life science hiring in the greater Phoenix area has pushed the city to the top of the nation for emerging life science market job growth, according to a study by commercial real estate brokerage firm CBRE. Its annual 2021 report showed Phoenix saw an 8.5% increase in life science hiring year over year, topping large markets such as San Francisco, Raleigh-Durham, Boston, Dallas-Fort Worth and Austin.
“Phoenix has attracted and grown global innovators and leaders advancing precision medicine for the fight against cancer and other life-threatening diseases,” said Phoenix Mayor Kate Gallego in response to the study. “Investments of more than $500 million in the Phoenix Biomedical Campus, and new growth under development, underscore the vibrancy of our bioscience and life science ecosystem. It’s resulting in good jobs with high wages to support families, and more importantly, creating a center of innovation and an emerging cluster of advanced therapeutics which will benefit Arizonans and people worldwide.”
