Economic game-changers for metro Phoenix

By InBusiness Phoenix

Inspired by the Seven Wonders of the Ancient World, In Business Magazine has identified seven game-changing projects and events that add to the dynamic vitality of Greater Phoenix and contribute to the continued growth of this fifth-largest metropolitan area in the nation.

Seven Wonders: Mayo’s Discovery Oasis

In late 2021, Mayo Clinic announced it would develop a biotechnology innovation hub called Discovery Oasis on 120 acres of newly acquired land south of Loop 101 between 56th and 64th Streets. This announcement came amid a $748-million capital expansion initiative that effectively doubled the size of Mayo’s North Phoenix hospital campus, adjacent to the land earmarked for Discovery Oasis. 

Central to the vision of Discovery Oasis is a commitment to advancing pioneering medical breakthroughs, strengthening Arizona’s reputation as a medical and biosciences destination. In fact, Mayo is seeking leading collaborators in areas such as biotherapeutics, next-generation diagnostics, medical devices, pharmaceuticals and digital health.

“We are at a tipping point of discovery in so many areas of medical science. Such as advanced diagnostics that anticipate diseases before they manifest, treatments that are precisely tailored to individual genetics and interventions informed by data analysis that is only possible through artificial intelligence,” says Steven Lester, M.D., medical director for Discovery Oasis. “What we need now is seamless collaboration and convergence by the world’s top medical innovators, researchers, engineers and data scientists.”


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February 2024