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Bioscience Industry grows in Arizona due to wise investment by the State

January 14, 2010 By Jeff Cameron

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Investment in Bioscience in Arizona is paying off! We are now securing about $175 million a year in funding from the National Institutes of Health. This is the average over the past 3 years. These types of jobs in Bio Tech are typically high paying research and development jobs. I think it was a wise move to invest by the state of Arizona.

Bioscience industry grows despite budget woes
Ken Alltucker – Jan. 13, 2010 12:00 AM
The Arizona Republic .
Arizona’s push to grow the bioscience industry has paid off over the past two years with rapid job growth and new companies despite the difficult economy, a new report says.

Although Arizona has made progress on most goals outlined in the annual report by Ohio-based Battelle Technology Partnership Practice, the state’s budget woes and lack of early-stage investment in startup companies are challenges that could slow bioscience growth and the high-wage jobs the industry delivers.

“We are making what I think is significant progress,” said Marty Schultz, chairman of the Arizona Bioscience Roadmap steering committee.
The roadmap, commissioned by the Flinn Foundation and launched in December 2002, provides an annual update on strategies for the state to grow its bioscience sector.

Overall, Arizona’s bioscience industry employed 89,674 in 2008, an increase of nearly 4,900 jobs from the year before.

read the rest of the story: http://www.azcentral.com/business/news/articles/2010/01/13/20100113biz-roadmap0113.html

Filed Under: Latest News Tagged With: Arizona Republic, bioscience Industry, Bringing High paying jobs to Arizona, Ken Alltucker

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