Arizona’s bioscience industry grows despite budget woes

January 13, 2010

By hammersmith

[Source: 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.

For more information: Bioscience industry grows despite budget woes