Biosciences& healthcare

Innovative and collaborative

Greater Phoenix is a hub of healthcare innovation and biomedical research.

Home to some of the nation's leading healthcare systems and institutions, it plays a vital role in advancing the art and science of medicine.

Dedicated to a healthier business climate

Tax incentives offered by the Arizona Commerce Authority, coupled with SRP’s low power prices and access to the region’s affordable, educated workforce equate to a low-cost business environment in which the biomedical field thrives.

The following are among the entities that call the Phoenix area home:

  • Healthcare centers, including Mayo Clinic Cancer Center, M.D. Anderson Banner Cancer Center, Barrow Neurological Institute and Cancer Treatment Centers of America. 
  • Biomedical partnerships, such as TGen, the Biodesign Institute at Arizona State University, the International Genomics Consortium and Science Foundation Arizona. 
  • Pharmaceutical companies, including Abraxis, Medicis Pharmaceutical, AstraZeneca and development firms Covance and BioAccel.

Healthcare highlights




Healthcare/biomedical companies


Historical sector growth (2015-2020)


  • #1

    Top 100 largest public power utilities by generation

  • ONE

    Of the largest raw water suppliers in Arizona

  • 7.4 MILLION+ MWh

    In sustainable portfolio


  • 4.9%

    Corporate state income tax rate

  • 10%

    Historical population growth (2015-2020)

  • 5.1 million

    Population of Phoenix MSA