Navigation Links
TGen provides Arizona with $77 million in annual economic impact
Date:9/29/2009

PHOENIX, Ariz. Sept. 29, 2009 The Translational Genomics Research Institute (TGen) provides Arizona with an annual total economic impact of $77.4 million, according to the results of an independent analysis released today.

Including spin-off businesses and commercialization of TGen-led research, a study by the research firm Tripp Umbach predicts TGen's total annual economic impact will grow to $321.3 million by 2025.

"As we make important and significant contributions to the local economy, TGen is helping place Arizona on the world biosciences map through our cutting-edge discoveries in cancer, neurological, cardiovascular and infectious-disease research,'' said Dr. Jeffrey Trent, TGen's President and Research Director.

TGen acting as Arizona's "collaborative catalyst" in the fields of biomedicine and bioscience has outpaced all previous performance marks and projections made in a December 2006 economic impact report by Tripp Umbach.

TGen by 2008, the new study shows, more than doubled the results recorded just two years ago in its return on investment, jobs, taxes paid and total economic impact.

The new report concludes that TGen operations in 2008 produced $8.09 for every $1 invested by the State of Arizona, 461 full-time jobs (directly and indirectly), generated $2.7 million in state taxes, and produced a direct annual economic impact of $44.5 million.

When the impact of TGen-generated business spin-offs and commercialization are included, the study shows, TGen in 2008 produced $14.07 for ever $1 invested by the state, $5.7 million in taxes and $77.4 million in total annual economic impact.

"TGen has certainly kept its promise to the State of Arizona to be a strong economic engine,'' said Paul Umbach, the President of Pittsburgh-based Tripp Umbach. "Our updated analysis shows dramatic increases in economic, employment, and government revenue impacts on Arizona's economy. As a result of T
'/>"/>

Contact: Steve Yozwiak
syozwiak@tgen.org
602-343-8704
The Translational Genomics Research Institute
Source:Eurekalert

Page: 1 2 3

Related biology news :

1. All tied up: Tethered protein provides long-sought answer
2. World-first swine-flu vaccine trial reveals one dose provides strong immune response
3. Neuropathic pain: The sea provides a new hope of relief
4. UC San Diego engineer provides insights to decades-old DNA squabble
5. Study by NTU professors provides important insight into apoptosis or programmed cell death
6. Down Under dinosaur burrow discovery provides climate change clues
7. NSF provides $3.4 million to study climatically important Agulhas Current
8. Mouse model provides clues to human language development
9. Domestication of Capsicum annuum chile pepper provides insights into crop origin and evolution
10. A new mouse model provides insight into genetic neurological disorders
11. University of Florida study provides insight into evolution of first flowers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/11/2014)... Sweden, have explored two different ways that allow ... to the formation of oxygen molecules in photosynthesis. ... scientific journal Nature Communications . , "The ... catalysts for water oxidation, which are key components ... storage of solar energy in fuels like hydrogen, ...
(Date:7/11/2014)... demonstrated that transplantation of mesenchymal stem cells can stimulate ... models of Alzheimer,s disease (AD) and improve tissue and ... studies are reported on the therapeutic effect of adipose-derived ... on the effect on oxidative injury and neurogenesis in ... her team, School of Life Sciences, Tsinghua University, China ...
(Date:7/11/2014)... 1 can inhibit voltage-gated calcium channel, decrease ... However, some scholars demonstrated that cannabinoid receptor ... and increase neurotransmitter release. Dr. Yi Zhang ... Tongji Medical College, Huazhong University of Science ... and calcium imaging in cultured trigeminal ganglion ...
Breaking Biology News(10 mins):Molecular snapshots of oxygen formation in photosynthesis 2
... Claims that tropical forests are declining cannot be backed up ... of Leeds. This major challenge to conventional thinking is ... Proceedings of the US National Academy of Sciences by Dr ... world,s leading experts on tropical deforestation. "Every few years ...
... Biotech Inc. (TSX: ONC, NASDAQ: ONCY) (Oncolytics) reported ... Richard Vile of the Mayo Clinic College of ... its work testing the antitumor efficacy and safety ... vivo. The paper, entitled Cyclophosphamide Facilitates Antitumor ...
... -- The National Academy of Sciences (NAS) and Institute ... a book designed to give the public a comprehensive ... evolution and its importance in the science classroom. ... abundance of observations and experiments over the past 150 ...
Cached Biology News:No convincing evidence for decline in tropical forests 2No convincing evidence for decline in tropical forests 3Scientific evidence supporting evolution continues to grow 2Scientific evidence supporting evolution continues to grow 3
(Date:7/10/2014)... to the International Atomic Energy Agency (IAEA) the ... acquiring sufficient quantities of plutonium or highly enriched ... device. The IAEA also notes that most cases ... which can be challenging to detect with most ... appearing this week in the Journal of ...
(Date:7/10/2014)... published today in the journal PNAS (Proceedings of ... time of day and sleep deprivation have a significant ... when looking at the best time of day to ... and for administering medicines effectively. , Researchers from the ... London, investigated the links between sleep deprivation, body clock ...
(Date:7/10/2014)... The lithium-ion batteries that power our laptops and ... on a single charge with the help of a ... material to replace the graphite traditionally used in one ... 10 times the energy storage capacity of graphite. A ... electrode was published today in Nature Communications . ...
(Date:7/10/2014)... A recent study by researchers at the University ... the physical mechanisms governing the interplay of spin ... fundamental limits of ultrafast spintronic devices for data ... a charge as well as spin-angular momentum. In ... so there is no spin current," explained David ...
Breaking Biology Technology:Sensitive detection method may help impede illicit nuclear trafficking 2Time of day crucial to accurately test for diseases, new research finds 2Silicon sponge improves lithium-ion battery performance 2Silicon sponge improves lithium-ion battery performance 3University of Illinois study advances limits for ultrafast nano-devices 2
... , , ... luminescence of lanthanide ions has long been a challenge for the spectroscopist. Methods to counter ... Protective ligands to reduce vibrational quenching effects by XH ... Deuterated solvents (also to reduce quenching effects of XH). , ...
... , , , The optical properties of quantum dots (QDs) have potential applications, ... memory devices, and ... herein to possess a nonlinear change ... correlated to size and composition, as monitored by the versatile, ...
... , ... The chemistry, spectroscopy, and reactivity of singlet oxygen, 1 O 2 ... mechanisms of photo-oxygenation. 1 Recently, research has been directed towards understanding ... photodynamic destruction of cells in the presence of a dye, oxygen, and ...
Cached Biology Technology:Time gated separation of lanthanide luminescence 2Photoluminescence Spectroscopy of Quantum Dots, monitored by the Spex FluoroMax 2Photoluminescence Spectroscopy of Quantum Dots, monitored by the Spex FluoroMax 3Photoluminescence Spectroscopy of Quantum Dots, monitored by the Spex FluoroMax 4Singlet Oxygen measurement 2
... Recognizes VAMP-2 (Vesicle-Associated Membrane Protein ... does not share homology with ... It is expected that ... with human, Macaca multata and ...
... Vesicular Monoamine Transporter 2 (VMAT2). An antibody ... a major band at ~55 kDa in ... and not in wild type cells (2). ... molecular weight, were also detected and remain ...
Immunogen for A300-655A was a phosphorylated synthetic peptide, which represented a portion of human RNA Polymerase II (GeneID 5430) around serine 5 of the C-terminal repeat YSPTSPS....
... CLS number is a new ... match Cornings product number. If ... order under the old Sigma-Aldrich ... service for assistance. Mfr ...
Biology Products: