With millions of Californians out of work or underemployed, implementing economic development solutions that put people back to work is priority. OCBC’s economic development activities ensure California remains focused on developing pro-business solutions to the state’s toughest challenges. OCBC forms strategic partnerships internationally, recognizing the benefits of international trade to the local economy, and its importance given Orange County’s location to the ports and diverse population. By planning for the good times ahead, Orange County will continue to lead the state’s economic recovery.
The driving force to the economic development initiative is OCBC’s Economic Development Committee. Comprised of leaders in business, academia, and government, the Economic Development Committee meets throughout the course of the year to discuss a variety issues relating to economic growth in Orange County. Past topics have included:
- Business retention and attraction
- International trade
- The green economy
- Orange County’s Comprehensive Economic Development Strategy
- Statewide economic development initiatives
Cyber Security Task Force
Did you know that companies see a 60 percent reduction in revenue over 12 months after a publicized cyberattack? Learn how to protect your business. The Cybersecurity Task Force is part of OCBC’s “Secure the Future” initiative focusing on the business community and cybersecurity. Meetings will cover a variety of topics to inform the business community on critical issues affecting their business.
To learn more about the Cyber Security Task Force contact Jocelin Jimenez, Economic Development Specialist.
One of the primary goals of OCBC’s Economic Development Department is working to attract new businesses to the county, while working to ensure that existing companies remain.
As part of this effort, OCBC launched Orange County’s first business and attraction website, www.LocationOC.com, a one-stop destination promoting the benefits of doing business in Orange County, California.
LocationOC.com provides information on the county’s economic climate, business incentives and resources, transportation system, workforce, schools, and much more.
CLICK HERE for more info on OCBC’s Business Retention and Attraction efforts.
OCBC’s Turning Red Tape into Red Carpet Awards is an annual program which recognizes Orange County’s outstanding public agencies that are proactively cutting through bureaucratic red tape and opening the door for business growth and success.
Awards are presented in six categories including:
- Business Retention and Expansion
- Responding to Globalization
- Sustainable and Green Development
- Real Estate Redevelopment and Reuse
- Public-Private Partnerships
- Leadership in Public Service
Since its inception the program continues to generate a significant number of nominations by Orange County’s public agencies, showcasing the county’s most innovative and business-friendly government programs. Its success is recognized throughout the state, including the Governor’s Office of Business and Economic Development “Streamlining Superstars,” and California Association for Local Economic Development’s annual “Awards of Excellence,” programs.
CLICK HERE to learn more about the program and view past winners.
One of the significant drivers of the Orange County economy has been the emergency of occupations which impact a variety of industries, often referred to as “cross-cutting” industry drivers. As identified in the annual Orange County Workforce Indicators Report, among the top cross-cutting emerging industries in Orange County is Information Technology (IT). IT occupations not only impact traditional or “vertical” industries such as computer software, gaming, and data, but they also have a horizontal impact on a number of industries which rely heavily on IT as part of their day-to-day operations.
However, what is particularly unique about IT when it comes to the Orange County economy is the fact that it is also one of the top “in-demand” industries when it comes to job opportunities today and in the future. Companies are simply having difficulty filling IT related jobs with employees who have the requisite skills needed for success.
To help address the IT skills gap, the Orange County Business Council and Orange County Workforce Investment Board partnered in creating the Orange County IT Cluster Competitiveness Project.
CLICK HERE to learn more about the project.
The Comprehensive Economic Development Strategy (CEDS) provides the roadmap for government and the nonprofit community to collaborate more effectively in ensuring Orange County’s quality of life is available to everyone, particularly in qualified Red-Zone census tracts.
The CEDS is an economic development planning tool, in partnership with the Orange County Workforce Development Board, which provides an opportunity for the County to understand the needs and ensure that collaboration occurs with Orange County municipalities. The data, maps and appendices include the most recent research available on high unemployment and low-income communities. The report presents economic and social indicators to create targeted economic development goals and objectives.
CLICK HERE to read the report.