One Click HQ2 One Click HQ2 - Page 126

TOP TALENT & STEM EDUCATION Business Ecosystem ORANGE COUNTY’S LABOR MARKET City​ ​Governance 30 Founded​ ​in​ ​1971,​ ​the​ ​City​ ​of​ ​​Irvine​ ​remains​ ​ a​ ​youthful,​ ​v ibrant​ ​a nd​ ​g rowing​ ​p lace.​ ​​ The​ ​City Council​ ​is​ ​committed​ ​to​ ​making​ ​ Irvine​ ​a​ ​community​ ​that​ ​is​ ​not​ ​just​ ​livable,​ ​ but​ ​a ​ ​t ruly​ ​g reat​ ​p lace to​ ​l ive,​ ​work​ ​a nd​ ​ raise​ ​a​ ​family. 35 The​ ​C ity​ ​o f​ ​I rvine​ ​i s​ ​a ​ ​C harter​ ​C ity​ ​ governed​ ​a s​ ​a ​ ​C ouncil​/ ​​M anager​ ​f orm​ ​ of​ ​g overnment, composed of a​ ​M ayor,​ ​​ four​​ ​C ity​ ​C ouncil​ ​m embers​ ​a nd​ ​a ​ ​c ity​ ​ manager.​ ​Council​ ​members​ ​serve a​ ​four- year​ ​term​ ​a nd​ ​t he​ ​M ayor​ ​serves​ ​a ​ ​two- year​ ​term.​ ​T he​ ​c ity​ ​h as​ ​a ​ ​two-term​ ​l imit​ ​ for​ ​elected officials​ ​with​ ​elections​ ​held​ ​in​ ​ even​ ​numbered​ ​years. 36 Supplying​ ​Amazon’s​ ​Demand Located​ ​between​ ​Los​ ​A ngeles​ ​and​ ​ San​ ​D iego​ ​c ounties,​ ​O range​ ​C ounty​ ​ geographically​ ​s its​ ​a t the​ ​c enter​ ​o f​ ​t he​ ​ SoCal​ ​region,​ ​a nd​ ​i s​ ​h ome​ ​t o​ ​a ​ ​d iverse​ ​ and​ ​s ophisticated​ ​s et​ ​o f​ ​o ver​ ​9 0,000 businesses. 37 The​ ​county’s​ ​l abor​ ​m arket​ ​ captures​ ​n early​ ​1 .6M​ ​p eople—28% of which is considered​ ​h igh-quality​​/ ​w hite- collar,​ ​o r​ ​o ffice-using.​ ​T his​ ​h igh-quality​ ​ share​ ​of​ ​jobs​ ​is​ ​above​ ​the national​ ​average​ ​ by​ ​6 %, and​ ​mimics gateway cities.​ ​ At​ ​n early​ ​a ​ ​3 %​ ​CAGR,​ ​g rowth​ ​h as​ ​a lso matched​ ​or​ ​exceeded​ ​gateway​ ​peers​ ​over​ ​ the​ ​last​ ​six​ ​years. Exhibit 1: Orange County’s High-Quality Labor Market 2016 Office-Using Share of Employment (%) 2010–2016 Office-Using Employment AGR (%) Graph 3 FPO Source: Bureau of Labor Statistics. Silicon Valley represents the MSA, all other regions are defined as their MSDs. 35, 36 ​ ​City​ ​of​ ​Irvine 37 ​ ​​U.S.​ ​Census,​ ​County​ ​Business​ ​Patterns​ ​(2015) 31