Phoenix Biomedical Campus will bring revenue, create jobsPosted: Updated:
PHOENIX -- The Phoenix Biomedical Campus is booming downtown, and that growth is having a real impact in our community in the form of jobs and dollars coming in.
"The economic impact of the Phoenix Biomedical Campus is over $1.2 billion every year, and has either directly or indirectly created over 9,000 jobs here in Arizona and specifically here in downtown Phoenix," said Jeremy Legg, an economic development project manager for the City of Phoenix.
That data comes from a new survey commissioned by the University of Arizona.
The city-owned Phoenix Biomedical Campus is located roughly between 4th Street & 7th Street from Monroe to Garfield.
Ten years ago there was just one tenant.
"The initial building on the campus was the TGEN headquarters," Legg said.
Today TGEN is joined by dozens of other tenants across many buildings, including the University of Arizona Medical School.
"There are very few new medical schools going up in the country. This is one of the first ones built from the ground up in over 30 years," he said.
The growth at this campus means jobs here too, jobs that don't necessarily require you to be a scientist or doctor to apply.
"Once you get to a campus of this magnitude there are support services from human resources, to accounting, to information technology positions," said Legg.
There are plenty of biomedical-specific jobs, too, but there's also demand for food service workers, landscapers, custodial and security staff. The list goes on and on.
"What's great about the campus is not only the huge economic impact but the depth and breadth of the types of jobs that have been created," Legg said.
And there is still more to come.
Two projects, a parking garage and a new cancer center, are currently under construction, and a new 10-story research center is also on the horizon.
"When these facilities open, we anticipate them being open for decades to come and employing people that entire time," said Legg.
Once those projects are complete, we're told the campus will only be at about one-fourth of its projected capacity, meaning more companies could move in and more jobs could be on the way.
What's happening on the campus can have far-reaching effects with the potential to touch many lives off the campus.
"It's really impacting people's lives and even the people who aren't employed here could potentially be receiving a life-saving treatment that was discovered here or be treated by a doctor who received their education here," Legg said.