Bioscience Is Creating a More Stable Market in Phoenix

Christine Mackay

Bioscience and life science are growing rapidly in Phoenix, and the industries are fueling local economic, job and population growth. In the long-term, they will also ensure more stability for Phoenix—an important characteristic for a market that was hit so badly in the last recession. It could also mean longer future growth for the market.

“For Phoenix, growth in the bioscience and healthcare industry means stable, quality jobs with defined career progressions for our residents and the many new people moving to the market,” Christine Mackay, director of Phoenix community and economic development at the City of Phoenix, tells GlobeSt.com. “Our home, Maricopa County, saw the greatest population increase numbers in 2016 and 2017. These new residents are able to find opportunity in this rapidly growing sector. Jobs have been growing 14% faster than the U.S. overall in bioscience and healthcare.”