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Innovation thriving in Temple’s health care ecosystem

By March 10, 2021 No Comments

March 9, 2021
Dallas Business Journal | Adrian Cannady  –  President and CEO, Temple Economic Development Corporation

Temple has established itself as a leader in health care and innovation due to the abundance of top-tier health care establishments in the region and the workforce that powers these institutions. In fact, 30.2% of the city’s population is trained and working in the health care industry.

The industry in Temple and the surrounding Killeen-Temple MSA is also a significant force in the regional economy — employing 25,900 workers and generating an estimated $102.6 million in local tax revenue for cities, counties, and school districts in the region in 2019.

Temple Medical and Educational District (TMED) is the foundation for Temple’s health and life sciences ecosystem. Established in 2009 to promote future development around existing industry assets, TMED is where some of the state’s established medical institutions are giving Central Texas direct access to exceptional health care.

World-class institutions

Temple’s state-of-the-art medical facilities are at the crux of the region’s health care innovation. Among the prominent institutions that call Temple home are Baylor Scott & White Health, the largest not-for-profit health care system in the state of Texas; McLane Children’s Hospital, the only children’s hospital between Dallas and Austin; and the Department of Veterans Affairs Medical Center, the largest VA medical consortium in Texas, serving more than 250,000 veterans across 39 local counties each year.

Adding to Temple’s distinguished line of medical institutions is Everest Rehabilitation Hospitals. Headquartered in Dallas, the company opened a $23 million, 36-bed rehabilitation hospital in Temple — bringing 120 new jobs to the city in 2019.

Beyond these health care providers, the Temple Health and Bioscience District (THBD) cultivates local entrepreneurship by mentoring early-stage biotech companies and helping them reach success. The facility was created to grow such companies from concept to commercialization through funding, counseling, and providing access to labs and equipment. The district’s programs include e-learning series webinars, annual conferences, internships and more. Tenants are also introduced to an extensive network of collaborators and mentors to help further their professional endeavors.

In recent news, Houston-based Baylor College of Medicine announced plans to open a new medical school campus in Temple in 2023 as part of a collaboration with Baylor Scott & White Health. The establishment of a new campus will attract more industry professionals to Temple’s existing talent pipeline, and support the growth of companies formed out of this new research partnership.

Additionally, when exploring the successes of Temple’s health and life sciences industry, it’s important to mention the medical education cluster formed by Texas A&M University-Central Texas, University of Mary Hardin Baylor and Texas Bioscience Institute at Temple College, which offers students the opportunity to earn up to 60 college credit hours in STEM curriculum. This array of colleges of sciences and technology are educating and expanding the future of our health and life sciences workforce, with the goal of creating a strong talent pipeline of highly educated skilled workers.

Visit templeedc.com to learn more about Temple’s position as a hotbed for health and life sciences.

Temple Economic Development Corporation (Temple EDC) works to enhance economic development and quality of life for businesses and residents in Temple, Texas. For more information about doing business in Temple, visit templeedc.com.

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