'Living in the future' From the cover
The big picture
Austin life science hubs 1 East Parmer Lane
N. A.W. GRIMES BLVD.
Cedar Park
8
The Austin area’s life sciences sector— concentrated around health care, biological research and technology—continues to draw jobs and capital to the city after years of rapid development. Building up the local presence has been a goal among institutions, economic groups and the city as new investments and talent have poured in. Recent reports found Austin is now home to hundreds of businesses that employ thousands of workers and many recent college graduates in the life sciences eld, and the area is drawing hundreds of millions of dollars in funding concentrated around the innovative health and tech space. The surge brings economic and innovation benets, as Austin’s regional position and job opportunities stand to grow. Residents may also see new health treatment and technology options the sector produces. The life sciences boom can also be seen in the sector’s growing list of startups and larger rms, major funding, and overall interest in Austin as a hub. For one example, the Health Supernova medical and biotech conference was held here this June after leaving its home of several years in Dallas.
COLLEGE PARK DR.
2 Highland 3 Highpoint 4 Innovation District 5 MetCenter 6 Mueller Business District 7 North Burnet/Gateway district 8 Texas State life sciences incubator
112
45 TOLL
Round Rock
183
Pugerville
3
1
7
2222
35
COLORADO RIVER
MOPAC
2
290
The sector boasts:
W. KOENIG LN.
6
360
24K+ employees
4
183
300+ companies
Austin
290
5M+ square feet of current, planned bioscience real estate
130 TOLL
71
5
N
SOURCES: AUSTIN BIO & HEALTH REPORT 2024, AVISON YOUNGCOMMUNITY IMPACT
The action taken
“The Austin region ranks among the top emerg- ing markets for life sciences, so it’s important for the city to make life sciences research accessible to both private and public entities,” Watson said. “By allowing this use in city code, we are able to facil- itate the growth of the science research industry in Austin while also supporting the Dell Medical School and the city’s Innovation District.”
o on life science-specic zoning near The Domain and The University of Texas at Austin’s J.J. Pickle Research Campus. Building on previous civic support, council mem- bers voted earlier this year to create a new land-use designation for life sciences to be used around the city in the future. That update remains in progress as of this spring.
While area institutions and private rms are contributing to those advances, city government has also had a role in backing life sciences for years. Medical and research development around the Innovation District downtown has been supported by several ocials, including Mayor Kirk Watson’s promotion of a new medical school while serving as state senator. City Council also recently signed
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