Improving the quality of life in Arizona to benefit future generations.
Hard data on metrics tracked since 2002, plus notable recent developments across the ecosystem.
JOBS
From 2020-2022, Arizona bioscience jobs grew slightly faster than the +3.6% national rate of change.
AVERAGE WAGES
In 2022, bioscience workers’ annual wages were almost $20,000 above Arizona’s private-sector average.
WAGE GROWTH
2020-2022 saw strong wage growth for Arizona bio workers—slightly exceeding that of the total private sector.
NIH GRANTS
The gold standard research-funding metric hit a record again in 2023, tripling the national growth rate since 2020.
R&D
Bio R&D at Arizona’s universities broke $700 million for the first time, growing slightly slower than the nation from 2020-2022.
VENTURE CAPITAL
VC funding for bio companies in Arizona countered a national trend in 2023, rebounding after a dip in 2022.
PATENTS
In 2022-2023, Arizona universities received 253 bio-related patents, up from 234 in the previous period.
STARTUPS
The new bio firms created from university IP in 2022-2023 represented 47% of all university spinouts.
Data current as of April 2024, based on TEConomy Partners LLC analysis of United States Bureau of Labor Statistics, QCEW data from IMPLAN Group LLC.
ADVANCING THE BIOSCIENCES AND IMPROVING HEALTH OUTCOMES
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