Orange County, in the past year, has witnessed potential growth in both its revenue and population in all its 34 cities. One city that has outshone the rest in this competition is the city of Irvine, which has replaced Huntington Beach to take the #3 spot.

The parameters taken into account while making this decision were, the annual revenue, city workers and large employers.

The population growth in Orange County reflected a 1% increase (30,555 people numerically), with Santa Ana, Anaheim, Irvine, Huntington Beach and Garden Grove, standing tall as the five biggest cities and accounting for more than 40% (1.28 million) of Orange County’s overall population.

The rise in Orange County’s population has had a direct impact on the number of city workers and consequently on its annual revenue.  The number of people employed has witnessed a massive 10% growth, providing a 2.3% or $2.05 billion impetus to the yearly revenue, since June, 2007.

The core factors responsible for Orange County’s noteworthy growth have been the housing boom of the past few years, commercial development and tourism, say the city officials.

Orange County growth and development graphs for the coming year could, however, tell a different tale altogether. Let’s wait and watch.

This entry was posted on Tuesday, August 26th, 2008 at 6:41 am and is filed under Venture Capital News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.