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Newport Beach-based software startup Tenant Inc., specializing in self-storage management solutions, has successfully raised an additional $25 million in its third seed funding round, bringing its total funding to around $37 million. The investment comes from strategic investors within the storage industry, including self-storage facility owners utilizing Tenant's cloud-based software...
Kibsi Inc., an Irvine-based tech startup, has recently unveiled its AI-powered surveillance platform backed by substantial venture capital funding. The software aids businesses in analyzing video feeds and has secured $9.3 million in pre-seed and seed funding from investors including GTMfund, Secure Octane, and more. Kibsi's intuitive platform allows efficient...
Irvine-based Parker Aerospace, one of Orange County's largest aerospace companies, has secured a significant $222 million contract for U.S. Army support work on UH-60 Blackhawk helicopters, which is expected to boost local employment. This substantial five-year contract involves overhauling and upgrading hydraulic pumps and flight control systems for the helicopters...
OC’s unemployment rate has dropped from 3.0% in November to 2.5% this December. In that time, 4,000 nonfarm jobs were gained, most of which came from the trade, transportation, and utilities sector. Furthermore, Orange County has attained 70,300 jobs in the past year since December 2021.
Orange County now...
Terran Orbital, a satellite manufacturer, has decided to expand its manufacturing capabilities in Irvine thanks to a $100 million investment by Lockheed Martin. The expansion will take just 12 months and could potentially bring 2100 jobs to the area. With the Irvine development, the company will be able to produce 250...
Foreign Direct Investment in Orange County
Oct 19 2022Orange County’s level of Foreign Direct Investment (FDI) ranks 2nd in the state in terms of the number of jobs created and the number of Foreign-Owned Enterprises (FOEs). Currently, there are about 2,000 FOEs from 46 different countries that support over 100,000 jobs. Japan, the United Kingdom, Canada, France, Ireland,...
The City of Tustin has been ranked as one of the best places to live for families! Fortune recently named the Orange County city as 12th in the nation and 1st in California for families. The article cited Tustin's superb location to excellent magnet schools, proximity to jobs, picture-perfect weather,...
On Tuesday, the Orange County Business Council released its OC Community Indicators Report, which provides insights and data trends on the county's important issues. Some great takeaways:
1) Orange County's unemployment rate sits at 2.9% which Is more than a percent lower than neighboring counties like Los Angeles, Riverside, and San Bernardino...
Coca-Cola HQ moves to Irvine!
Sep 28 2022Last week, The Coca-Cola Company made #OrangeCounty home to their West Zone Headquarters! Orange County's centralized location in California paired with the return of large events like the 2028 Summer Olympics made the area perfect for Coca-Cola in terms of proximity to key markets and customers. Coca-cola welcomes 125 employees to the area and...