May 29, 2012
Mayo Clinic, with an annual economic impact in Arizona of $1.5 billion, has been recognized as the first recipient of the Greater Phoenix Chamber of Commerce's IMPACT Award as an Economic Driver. The IMPACT Awards, presented on May 17, honor the accomplishments of Phoenix area businesses and recognizes the impact they’ve made on the greater Phoenix business community.
Since opening in Arizona 25 years ago, Mayo Clinic’s presence has been a significant economic driver for the state in the form of jobs, tax revenue, research and education. Mayo Clinic has been a catalyst in attracting scores of other health care and medical research related businesses and practices to the area. Mayo Clinic has also helped to create the new market of medical tourism in Arizona by serving nearly 100,000 patients per year from all 50 states and many foreign countries.
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Other key factors of Mayo Clinic’s recognition include:
• Development of Proton Beam Therapy program which will be a first in the Southwest. The therapy provides more precise radiological cancer treatment and hope for thousands of patients. The cutting edge cancer treatment program will be housed in a massive $182 million, 100,000 square-foot building on the Mayo campus in Phoenix which will boost the economy with construction jobs and permanent medical jobs.
• Mayo Medical School coming to Arizona. The Mayo Medical School Arizona Campus, expected to open in 2014, will include a key collaboration with Arizona State University. A major differentiating feature at this new branch: all students will complete a specialized master’s degree in the Science of Health Care Delivery granted by ASU, concurrently with their medical degree from Mayo Medical School, believed to be the first medical school to offer such a program.
• Annual economic impact of $1.5 billion on the local valley-wide economy. According to a 2010 study by Battelle Technology Partnership Practice.
• Mayo has provided jobs for thousands of residents and education for doctors, nurses and other medical professionals. Hundreds of local residents have volunteered thousands of hours at the clinic and hospital, an extension of the caring and competent Mayo staff. As an employer Mayo Clinic is consistently ranked as one of the best places to work in the Valley.
The 2012 awards recognize two business sector (a business with over 250 employees and a business with 250 or fewer employees) recipients in each of five categories: Community Champion, Economic Driver, Entrepreneurial Excellence, Response to Adversity and the 2012 IMPACT Business of the Year.