City of Irvine - Fiscal Year 2019-21 Proposed Budget

COMMUNITY PROFILE

COLLEGE ENROLLMENT

Industry and Employment Irvine, located in the heart of Southern California, is a thriving epicenter for businesses. Irvine has access to a highly educated, skilled labor force and a fully operational transportation network. The City is served by three major freeway exchanges, a growing transportation hub, and John Wayne Airport.

There are two major regional employment centers: the Irvine Business Complex (IBC) located adjacent to John Wayne Airport, and the Irvine Spectrum Center located in the southern part of the City. Together, these centers comprise 7,600 acres, approximately 185,000 jobs, and more than 8,000 businesses. An additional 15,000 housing units are expected to be developed in the IBC. In addition, there are more than 10,000 housing units in the Irvine Spectrum Center, which has

transformed the development into an ideal work-live environment. The Irvine Spectrum Center is also a major retail center with approximately 1.2 million square feet of more than 130 boutiques and specialty stores, restaurants, and entertainment venues, visited by more than 18 million consumers annually.

Elsewhere, businesses and business parks abound, and key innovative locations supporting entrepreneurs include The Cove at UCI and The Vine.

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FY 2019-21 Proposed Budget

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