Heavy Concentration of Orange County Startups Located in Irvine
Friday, September 07, 2018
A majority of Orange County’s tech startups are located either in the Airport Area or Irvine Spectrum submarkets. Airport Area startups have raised $195.2 million compared to the $152.2 million raised by their Irvine Spectrum counterparts.
Collectively, the two account for 91 percent of startup funding in Orange County. Tech and startup companies alike are drawn to these two submarkets because of the high concentration of millennials, strong retail and lifestyle amenities, and the depth of available labor.
Orange County startups have greatly contributed to the technology sector, emerging as a significant driver for the local economy and driving growth for the overall OC tech ecosystem. Since the start of 2014, OC tech startups have raised $380 million, an average of $6.2 million per company. The local startup world is well diversified with firms from a wide spectrum of sub-industries including software, fintech, cyber security, and electronics.
To view JLL's heat map of the startup concentration in Orange County, click here.
Source: JLL Research, Crunchbase
Category: Economic Development, Workforce Development,