Large and Diverse Economy
Orange County’s key and emerging industry clusters reflect both essential economic drivers for the county’s economy and industries that are central to workforce development.
Individual firms in a cluster benefit from comparative advantages associated with geographical concentrations such as access to a common pool of specialized labor, infrastructure, intellectual property, and lower transaction costs between firms. The relationship between the firms in these sectors in Orange County has led to much of its success with low unemployment and increasing development.
Concentrating education, workforce, and economic development to support industry clusters has helped to accelerate employment growth and provide Orange County with high-impact and high-multiplier occupations, further driving economic recovery.