April 3, 2012
Mayor Greg Stanton and the Phoenix City Council approved today a memorandum of understanding to jointly plan for the Arizona Biomedical Corridor with Arizona State University and Mayo Clinic.
The City of Phoenix, ASU and Mayo Clinic will focus on the development of the corridor to create jobs and educational opportunities in northeast Phoenix, which will serve as an international destination for renowned medical care at Desert Ridge.
Stanton and Councilman Jim Waring worked together to get the process off the ground.
“I am committed to our city’s future economic health and prosperity, which must include industries like bioscience that can weather the storms, create jobs and make Arizona competitive in the global marketplace,” Stanton said. “We have the opportunity to do that with Mayo Clinic and ASU, and now is the time to invest in Phoenix’s future and produce results.”
Stanton announced in his inaugural address that he would form the collaboration with ASU and Mayo Clinic to develop a major bioscience center in northeast Phoenix. The corridor will accommodate biotechnology companies and related research, clinical and academic uses and supporting commercial development.
ASU, Mayo Clinic and the City of Phoenix agreed in the MOU to establish a collaborative between the three and expand the bioscience industry by locating compatible companies in the corridor, located in northeast Phoenix at 56th Street and Mayo Boulevard, south of the Loop 101 freeway.
“We in District 2 are thrilled, not only for ourselves, but for the entire city of Phoenix,” Waring said. “Arizona State University and Mayo Clinic is a tremendous partnership that will benefit the citizens by improving the quality of health care in addition to bringing an economic engine to the region.”
In the coming months, the City of Phoenix, ASU and Mayo Clinic will jointly plan for the Arizona Biomedical Corridor.