From 2009 to 2011 the healthcare and bioscience industries in San Antonio grew by nearly $5 billion according to a new report by doctors Richard Butler and Mary Stefl from Trinity University.
The study shows the comprehensive impact in 2011 was $29.2 billion, up from $24.5 billion in 2009. Butler said that more than 40,000 new jobs have been added over the past decade to those industries, fueling the city's growth.
The state attorney general’s office has announced a settlement in a 5-year, 33-state fraud investigation of the Pfizer drug company. The pharmaceutical company will pay almost $43 million to the 33 states for its unlawful marketing of two antibiotic drugs and claiming that its brand name drug was superior to a generic equivalent.
Texas will receive $3.9 million in the settlement.
Although San Antonio isn't directly a part of drilling and extraction activities of the Eagle Ford Shale, it is one of the many communities benefiting from the injection of economic power.
According to a new report by the San Antonio Economic Foundation, road damage caused by trucks traveling to and from the Eagle Ford Shale drilling sites is a big challenge for Bexar County and the City of San Antonio. The report recommends infrastructure planning during the next legislative session.