Community Impact

There’s no denying the positive economic impact a growing and prosperous bioscience industry will have in Memphis, but the benefits won’t stop there. Other companies will also spring up to support bioscience companies and will launch a renaissance in the area with new jobs, mixed-income housing, industry diversity, and a sense of pride in the community.

While just one part of the potential community impact, the UT-Baptist Research Park is a good example of what a growing bioscience industry will mean to our economy. When completed, the park alone is expected to generate:

5,000 new high-paying bioscience jobs
4,000 supporting non-bioscience jobs
$250 million in additional annual salaries
$2 billion annual economic impact
$1.6 to $4.3 billion in capital investment over a 10-year period