Arizona outpaced the nation in bioscience industry job gains and research funding, but challenges remain for medical device commercialization and venture capital deal activity, according to a new Flinn Foundation report.
Arizona recorded an 8.1% increase in bioscience industry job growth from 2020 to 2023, outpacing the nation’s job growth rate of 6.7% over the same time period, according to the April 23 report conducted by TEConomy Partners LLC.
“Arizona’s bioscience sector is on a roll. The metrics show we are growing fast and gaining ground nationally,” Tammy McLeod, Flinn Foundation president and CEO, said in a statement.