In Phoenix, there’s a company, known as Exact Sciences Corporation that is handling a huge expansion. It’s actually amazing to see how huge this expansion is meant to be. The Wisconsin-based cancer detection firm is likely to create a 250,000 sq.-ft. facility while also doing a favor for Arizonians by creating beyond 800 jobs in the Valley. This is all accurate to the documentations kept by the city.
On October 4th, the City Council is looking to vote for a development agreement with publicly traded Exact Sciences. Time will tell what the results are.
What’s the council voting on, when it comes to this anti-cancer company?
There’s supposed to be an incentives package that will involve a performance-based job creation reimbursement. Something of which that is not likely to surpass $1.6 million. All with a peak of $5 million in return of applicable revenue that had been created via the Transaction Privelege Tax upon the site, all in line with the documents on file with the city of Phoenix.
Such revenue can be made by ways of leasing, retail activity and construction as well.
Currently, as it stands, the plans are asking for a well-created 250,000 square-foot facility with office, lab, manufacturing and warehouse space. All at the corner of Buckeye Road and Sky Harbor Circle North.
Exact Sciences are likely to lease around 17 acres of the 35-acre Sky Harbor Center at Phoenix Sky Harbor International Airport.
There was also a third-party economic analysis shows how a 10-year direct revenue benefit for the city in an amount of $21.5 million.
In order to keep on being competitive within a national scope, there’s a reassured awareness that the quality positions could be ensured for in Phoenix.
The Staff themselves are even thinking about going into agreements for the start of brand-new center of excellence for exact sciences in order to go into the advancement of detection and even more specific treatments for cancer patients. The anti-cancer movement is strong.
In the interim, the team at Exact Sciences are eager to hear the decision of Phoenix City Council’s choice in the agreement.
Exact Sciences, well-known as the creator of the Cologuard screening test for colorectal cancer, while it all houses several floors in TGen’s foundation in the Phoenix Bioscience Core campus over there in downtown Phoenix.
Over in April 2021, TGen had sold their assets in Ashion Analytics LLC to Exact Sciences, as it redirects 100 employees towards Exact Sciences.
While there has been a lot of positive work happening in the creation of jobs, Exact Sceineces has been paramount in supporting local organizations, student programs and even more.
Anti-Cancer developments like these are important.