Business

Phoenix now one of the fastest-growing bioscience markets in the US

Phoenix was late to the game when it was breaking into the bioscience industry two decades ago, but now ranks as one of the fastest growing bioscience industries in the country. A vote to fund another year of the city’s bioscience initiative for $110,000, which is collect in rent paid to the city at the Phoenix Bioscience Core. (Courtesy city of Phoenix)

Phoenix was late to the game when it was breaking into the bioscience industry two decades ago, but now the city ranks as one of the fastest growing bioscience industries in the country.

Phoenix ranked first in the nation in both job growth in 2021, first in graduate growth in 2023 and ranked top five in emerging life science markets in the U.S. in 2020.

Back in 2004, when Phoenix was just getting its feet wet in the industry, it was an entirely different story.

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