Within the early 2000s, neighborhood leaders in Oklahoma Metropolis got here collectively to create a complete roadmap for the bioscience business within the area to completely maximize the impression the Oklahoma Medical Analysis Basis and the College of Oklahoma Well being Sciences Middle had been having for many years.
Within the years because the neighborhood began to strategically spend money on Oklahoma Metropolis’s bioscience sector, the outcomes present that everybody has benefited.
Bioscience firms are seeing extra constant “wins” than ever earlier than. Novartis’ buy of Selexys Prescription drugs for $665 million, Crescendo Bioscience being bought by Myriad Provide and Genzyme’s buy of Novazyme Prescription drugs are among the most up-to-date examples.
These wins have resulted in additional high-paying jobs for Oklahoma Metropolis’s residents and additional diversification of the native financial system.
The newest estimates present that bioscience firms in Oklahoma Metropolis help 51,000 employees with complete compensation of $2.2 billion.
In Oklahoma Metropolis, bioscience and well being care are symbiotic industries and the success of 1 results in the expansion of the opposite. Over the previous decade, well being care employment has grown by 12% in Oklahoma’s capital metropolis.
The impression well being care has on the native financial system is staggering. There are greater than 76,000 complete well being care jobs in Oklahoma Metropolis accounting for greater than 11% of employment within the metro. These jobs additionally pay 15% greater than the common compensation throughout all industries.
The funding in these industries is simply starting in Oklahoma Metropolis.
In 2019, the residents of Oklahoma Metropolis accredited a $71 million funding within the burgeoning Innovation District as a part of MAPS 4. This funding contains funds to encourage additional growth for minority-owned small companies, higher connectivity in and across the district and the development of an “Innovation Corridor” to function a central place the place actions to develop our metropolis’s innovation financial system will be facilitated.
The previous 15 years of strategic neighborhood funding and groundbreaking discoveries have led to high-paying jobs for residents and the event of life-saving remedies proper right here in Oklahoma Metropolis. For extra on Bioscience in OKC click on here.
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