Story Highlights:
• The Temple Economic Development Corporation, Temple Health & Bioscience District and Scott & White partner for the first time to exhibit in booth number 3200 at 2012 BIO International Convention in Boston.
• Two-thousand-acre Temple Medical Education District and 192-acre Bioscience Park to be promoted at the conference in an effort to attract businesses to Temple.
• Recent study results indicating the strength of Temple’s health care and biosciences industry, and the potential economic impacts of the Temple Medical Education District on the region and state will be leveraged to help generate interest in Temple as a great place for businesses to locate or expand.
TEMPLE, Texas—The Temple Economic Development Corporation (Temple EDC) today announced that it partnered with the Temple Health & Bioscience District and Scott & White Healthcare to promote Temple, the Temple EDC’s 192-acre Bioscience Park and the 2,200-acre Temple Medical Education District (TMED) at booth number 3200 at the 2012 BIO International Convention June 18-21 in Boston. The goal is to attract emerging or expanding bio and life sciences businesses to Temple.
The Temple EDC has participated in the BIO International Convention in the past, but as a partner with The Office of the Governor of the State of Texas Economic Development & Tourism. This year, by partnering with the Temple Health & Bioscience District and Scott & White, the Temple EDC invested more in the show to have a bigger presence and more visibility for Temple.
“It is highly strategic to work with the Bioscience District and Scott & White to promote Temple at a conference that will have thousands of life sciences companies from around the world, and our booth has great visibility—located directly across from the booth of the Texas Governor’s Office,” said Charley Ayres, Temple EDC director of business development. “We will get to hear about the latest trends in the bio industry, share the exciting initiatives underway in Temple, and we expect to come back with many promising leads.”
The bio and life science industry is a top target for economic development efforts in Temple, which has long been known throughout Texas for the highly regarded health care and medical education organizations in the community.
TMED—a district and an initiative The TMED is both a physical area and an initiative established by the City of Temple. The TMED partners integrated a master plan in 2010 encompassing 2,240 acres of land adjacent to downtown that includes Temple College, the Temple campus of the Central Texas Veterans Health Care System, the main campus of Scott & White Healthcare, the Temple ISD Travis Science Academy and the City of Temple Parks and Recreation Center.
The goals of the TMED are to enhance the identity of the district, redevelop residential and commercial areas within the district, and brand an important part of the community and state. By doing so, Temple aims to attract additional biology, biotechnology and life sciences businesses to Temple and to enable the health care and medical education systems to work together more cohesively, thereby fostering a thriving industry set up for long-term success. “The TMED is a huge economic driver for Temple,” Ayres said. “The visionaries and partners of TMED have made significant investments to formulate a plan that preserves future economic vitality for Temple, creates ‘quality of place’ for both the residential community and commercial businesses, and provides great tools to attract new businesses.”
The Perryman Group recently released results from a recent study, “An Assessment of the Current and Potential Economic Impact of the TMED on Local and State Business Activity,” which outlines current and projected economic impacts of TMED on Central Texas and the state. Some of the study’s highlights include the Killeen-Temple-Fort Hood Metropolitan Statistic Area being named the nation’s strongest performer among the 200 largest cities for creating and sustaining jobs and growth in 2010. The study results also indicate that the greater Temple economy is supported by the diversity of industry, with particular strength in health care and biosciences, manufacturing, and transportation/distribution.
With the creation of TMED, The Perryman Group estimates that the potential economic development impacts include $224.5 million to $361.9 million in output (gross product) and 2,221 to 3,572 permanent jobs in Temple/Bell County, with even larger effects for the state as a whole. The full study results are available at choosetemple.com/TMED. BIO convention Attendees of the BIO Convention range from start-up businesses in early product development stages to Fortune 100 multinational companies. More than 65 countries will be represented by the 15,000-plus attendees and exhibitors, ranging from C-level leaders to researchers, business developers, innovators, sponsor companies and solution providers.
At the conference, the Temple EDC, the Bioscience District and Scott & White will have the opportunity to meet with entrepreneurial companies developing a first product to elite multinational companies. The BIO organization that hosts the annual conference represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products.
About Temple Temple, Texas, is a community with a diverse economic base that includes healthcare, distribution and warehousing, and manufacturing as its foundation. Within 200 miles of a population of 19 million, Temple is in a strategic location that is central within the Southwest U.S. marketplace. Visit choosetemple.com.