Economic Impact of Downtown Phoenix UA Campus Hits $961 Million
Health Sciences Creates Jobs, Brings More People Downtown
PHOENIX – University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton announced today that the economic impact of the UA’s downtown Phoenix academic medical center in 2013 was $961 million, according to a report released by nationally recognized consultants Tripp Umbach.
“Our College of Medicine and the academic medical center have become key generators of economic impact for Phoenix and Arizona,” said President Hart. “It is through the great support of the city, the state and our partners in the medical center that we have been able to achieve this kind of impact.”
The Tripp Umbach report outlines the impact of the health science colleges and the surrounding academic campus as defined by the City of Phoenix master plan that includes education, research and clinical facilities over a designated 30-acre area.
Among the findings:
- The economic impact of the overall biomedical campus in downtown Phoenix in 2013 was nearly $1.3 billion, of which $961 million is attributed to the UA College of Medicine – Phoenix presence.
- In 2013, the academic medical center accounted for 9,355 direct and indirect jobs. The UA College of Medicine – Phoenix is responsible for 7,185 of those jobs.
- The academic medical center generated more than $56.5 million in state and local government revenues in 2013 as a result of operational, employee and visitor spending. Of that total, $44.5 million is attributable to the UA College of Medicine – Phoenix.
- The estimated economic impact of the academic medical center will reach $3.1 billion by fiscal year 2024-25.
The report was commissioned by the UA College of Medicine – Phoenix and the City of Phoenix.
“The activity on the downtown biomedical campus puts top-notch health care and the best-trained health professionals in our backyard, but it also creates high-value jobs in our city,” said Phoenix Mayor Greg Stanton.
The Phoenix Biomedical Campus plays host to four UA health science colleges – the Mel and Enid Zuckerman College of Public Health, as well as the colleges of nursing and pharmacy. Also on campus are three NAU programs – physician assistant, physical therapy and occupational therapy, which are part of the university’s College of Health and Human Services. Arizona State University’s School of Nutrition and Health Innovation is housed in the Arizona Biomedical Collaborative south of the Translational Genomic Research Institute (TGen).
The Biomedical Sciences Partnership Building is the latest development in the steady expansion of the downtown Phoenix campus and emerging academic medical center. In 2012, the award-winning Health Sciences Education Building opened, housing health education for both the UA and Northern Arizona University. The UA Cancer Center at Dignity Health St. Joseph’s, a 220,000-square foot outpatient and research facility, was completed in 2015.
Article by: Al Bravo
City of Phoenix
About the College
Founded in 2007, the University of Arizona College of Medicine – Phoenix inspires and trains exemplary physicians, scientists and leaders to optimize health and health care in Arizona and beyond. By cultivating collaborative research locally and globally, the college accelerates discovery in a number of critical areas — including cancer, stroke, traumatic brain injury and cardiovascular disease. Championed as a student-centric campus, the college has graduated 665 physicians, all of whom received exceptional training from nine clinical partners and more than 2,600 diverse faculty members. As the anchor to the Phoenix Bioscience Core, which is projected to have an economic impact of $3.1 billion by 2025, the college prides itself on engaging with the community, fostering education, inclusion, access and advocacy.