News

Strength of Master Plan Highlighted in Business Facilities Magazine

Wednesday, January 02, 2019

The strength of Irvine’s Master Plan was recently featured in an online article from Business Facilities Magazine, a leading full-service media brand specializing in the site selection marketplace. Mentioned in the feature are the many reasons Irvine is poised for economic growth and success, including its highly-ranked educational institutions, its growing innovation ecosystem, and livable neighborhood centers. Read the full article below. Irvine, CA: The Smart Choice Why Irvine, CA? Sometimes the address says it all. Everyone knows that there are certainly less expensive places to start or locate a business—any city in North Dakota or Alabama for starters—but there isn’t a smarter...
Data Showing Balanced Growth Contrasts with Public Pessimism on State of Economy

Wednesday, December 19, 2018

Chris Thornberg, founding partner of Beacon Economics, will be the keynote speaker for the Greater Irvine Chamber's Jan. 10, 2019 Business Outlook event. In an article for CalChamber, Thornberg addresses the impact of President Trump’s actions in the months ahead on economic outcomes in 2020: The 2018 midterm election is finally behind us, and proved to be just as dramatic as would befit today’s hyper-charged political environment. Moreover, the final results pretty much assure that the drama coming out of Washington, D.C. will not lessen over the next two years of the Trump administration. Indeed, without even taking a breath, it feels as if...
Irvine City Management to Detail 2019 Plans at January Economic Vitality Council Meeting

Wednesday, December 19, 2018

The Greater Irvine Chamber’s January Economic Vitality Council (EVC) meeting will include a special opportunity for business and community leaders to meet with Irvine’s city management team as they provide an update on their plans for the upcoming year.  “We are very excited to have the Irvine city management team visit the Chamber and share their vision and progress in-person with all our hard-working chamber and committee members. It’s a valuable opportunity for all those working to support the economic health of Irvine to listen, learn and collaborate further" said Linda DiMario, executive vice president, Greater Irvine Chamber. Irvine City Manager John Russo will...
2018 Validates Strength of Master Plan

Monday, December 17, 2018

Looking back on 2018, it’s clear that Irvine’s Master Plan has created a city built to succeed. This year’s accomplishments touch almost every aspect of life — schools, safety, family, jobs and open space. “This didn’t happen by chance,” says Bryan Starr, president of the Greater Irvine Chamber of Commerce. “Irvine was master planned to succeed.” As the city prepares for its 47th birthday on Dec. 28, one thing is clear: Irvine is hitting its stride. Photo courtesy of Ryan Lilyengren.             HERE’S THE YEAR IN REVIEW: In January, Irvine was named the most fiscally sound city in America by The Fiscal Times. In April, about 300 people gathered...
United Kingdom Life Science Companies Experience Firsthand the Reason Irvine's Strong Innovation Ecosystem is Capturing the World's Attention

Monday, December 17, 2018

Not taking a second seat to Boston, the Bay Area, or anywhere else for that matter, the Greater Irvine Chamber has strategically targeted U.K. companies for expansion into Irvine’s strong life science and innovation ecosystem. From research conducted by the Chamber’s economic development team, the U.K. life science sector was identified to have the greatest potential globally for expansion to the U.S.—more specifically, to Irvine. The Chamber engaged its foreign direct investment initiative (FDI), sending a Chamber delegation twice to the U.K. to convene with executives who have expressed readiness to expand their companies into the U.S. As a follow-up to...
Irvine Valley College Ranked #3 for Best Online College in California

Monday, November 05, 2018

Greater Irvine Chamber member Irvine Valley College was ranked third on the 2018-2019 list of Best Online Colleges in California created by the Community for Accredited Online Schools. The ranking for 2-year colleges was created using data from the National Center for Education Statistics’ Integrated Postsecondary Education Data System, and considered factors such as quality, affordability, flexibility, and program. “Irvine Valley College is committed to ensuring our students can pursue their educational goals as efficiently as possible,” said President Glenn Roquemore. “Offering a wide variety of online, hybrid and on-campus classes ensures that students have the flexibility to complete their education in...
US Consumer Prices Up Slight 0.1 Percent in September

Friday, October 12, 2018

Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August. It was the smallest monthly gain since June. Inflation has been on a slight rise this year after a prolonged stretch when prices kept falling below the 2 percent target set by the Federal Reserve. For the 12 months ending in September, consumer prices were up 2.3 percent. Core inflation, which excludes volatile energy and food costs, rose 0.1 percent in...
US Weekly Jobless Claims Near 49-Year Low; Factory Orders Surge

Thursday, October 04, 2018

The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth. The labor market, which is viewed as being near or at full employment, is steadily boosting wage growth, which could help to support consumer spending as the stimulus from the Trump administration’s $1.5 trillion tax cut package fades. “The momentum in the labor market remains strong and we expect the unemployment rate to continue to decline,” said John Ryding, chief economist at RDQ Economics in New York. Initial claims for state unemployment benefits dropped...
Award-Winning Career Edge Program Offers College Students Insights for Early Business Success

Tuesday, September 18, 2018

The Greater Irvine Chamber, in collaboration with Google, Irvine Valley College, Webster University, Irvine, and the business community, will host students from Orange County colleges and universities for its fourth series of Career Edge workshops. Students that participate in Career Edge will have an advantage during their job search and will bring distinctive and marketable soft skills to the jobs they land, greatly increasing their success rate and on-the-job performance. Qualified business professionals are needed to volunteer as mentors to help guide students through the award-winning Career Edge program as they learn business writing, presentation, problem-solving, and critical thinking skills. For more...
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...