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

tate support for TGen can create even greater economic impact in future years.

"TGen has produced a significant return on investment to the State of Arizona. In order to continue to accelerate TGen's growth and the growth of Arizona's bioscience/biomedical sector, TGen would benefit from continued support from the State of Arizona,'' the report said.

Tripp Umbach's recent analysis parallels a Flinn Foundation report, released in January, which showed that since 2002: Arizona bioscience research and development reached $415 million in 2007, a 48 percent gain; Arizona bioscience jobs grew 23 percent; and the number of bioscience establishments grew by 22 percent far outpacing the national average in all three categories.

Impacts of TGen Operations

TGen Return on Investment (for every $1 from the State of Arizona)
2008 $8.09
2015 $15.50
2025 $30.20

TGen Jobs in Arizona
2008 461
2015 1,166
2025 2,332

TGen Tax Revenues for Arizona
2008 $2.7 million
2015 $6.5 million
2025 $13.4 million

TGen Annual Economic Impact on Arizona
2008 $44.5 million
2015 $85.3 million
2025 $166.1 million

Including TGen-led research and commercialization

TGen-generated Return on Investment
2008 $14.07
2015 $26.44
2025 $58.42

TGen-generated Jobs in Arizona
2008 703
2015 2,327
2025 4,116

TGen-generated Tax Revenues for Arizona
2008 $5.7 million
2015 $11.9 million
2025 $27.4 million

TGen-generated Annual Economic Impact on Arizona
2008 $77.4 million
2015 $145.4 million
2025 $321.3 million


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

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