In 2017, the City of Irvine was ranked No. 1 in Fiscal Strength among the 116 U.S. cities with populations of more than 200,000. Irvine received a perfect 100 score. The Fiscal Times report is here.
Allergan, whose presence in Irvine predates the City, in late 2016 released a study through the Orange County Business Council on its economic impact in California. State operations create an estimated $6.35 billion in annual economic activity and $3.45 billion in economic impact. The Allergan story is an example of the strength of major companies located in Irvine. To read the entire report, click here.
Irvine is the hub of Orange County economic activity, accounting for 49 of the top 100 publicly traded companies with headquarters in Orange County. Notably, those 49 Irvine companies comprise 86% of the total market valuation of the top 100. (Orange County Business Journal, 2015)
- Irvine is No. 2 among Orange County cities in the Orange County Business Council’s Workforce Housing Scorecard, 2010-2020, referencing the type of housing to be developed in Orange County in this decade. Go to http://www.ocbc.org/ocbc-initiatives/workforce-housing/ and click on the Workforce Housing Scorecard link; see page 44. The OCBC’s initiatives match well with the City’s focus: economic development; workforce development; workforce housing; infrastructure.
- Parkland in Irvine is abundant. The Trust for Public Land produces city park facts each year, reflecting cities large and small in the United States. Irvine earns the distinction of having one of highest amount of parkland acreage per 1,000 residents (34.2). Here is the 2016 study. http://www.tpl.org/2016-city-park-facts
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To mitigate the impact of COVID-19 on Irvine’s small businesses (with 25 or fewer employees), the City of Irvine has committed its allocation of approximately $5,000,000 in one-time federal CARES Act funding to create a small business support program. The application is now open through June 30.
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