Mayo, ASU collaborate on biomedical campus in north Phoenix

KUD International Inc. is working with the Arizona State Land Department to develop a 150-acre biomedical campus that eventually could create as many as 30,000 jobs.

The New York developer plans to invest $1 billion to develop what could be one of the nation's largest research parks.

Dr. Wyatt Decker, president and CEO of Mayo Clinic in Arizona, said he is excited about the potential of the biomedical corridor.

“Not only will this mean growth in the state’s bioscience and medical research sector, there will also be a very positive impact for patients and visitors," he said. "We look forward to our continued collaboration with the state, ASU and the city of Phoenix to bring the vision for the Arizona Biomedical Corridor to life."

Phoenix Mayor Greg Stanton said this new campus will strengthen the 30-acre Phoenix Biomedical Campus in downtown Phoenix.

"The more we can become a science hub, a medical education hub, a bioscience hub, the better it is for everyone," he said. "Having a great bioscience infrastructure, a great medical education infrastructure, a great research infrastructure helps everyone that's in that industry."

written by: Angela Gonzales, Phoenix Business Journal