Through initiatives focused on talent and capital, we will close critical skill and talent gaps and attract new investment – to connect more of our residents with well-paid jobs that provide a living wage here in OC and to fuel economic growth and greater prosperity for all OC residents for years to come.
Many of the largest employers in the county are facing an undersupply of local talent – especially for innovation jobs. At the same time, most OC workers don’t have in-demand skills or degrees they need.
Talent is a fundamental driver for economic growth in any innovation hub. When there is a highly skilled talent pipeline, particularly in technology and STEM, it attracts companies to come to OC and build their presence in OC. This leads to a rise in innovation, social well-being, access, equality, and increased productivity – creating a thriving OC for all.
OC leaders are among the first in the nation to bring public and private sector organizations together in innovative ways to reimagine workforce development. This solves employers’ critical talent needs and creates clear pathways for local talent to tech industry jobs.
Capital is the core of economic development. By increasing productivity through improved capital, more goods can be produced, and the standard of living can rise, creating an innovation capital flywheel.
OC’s potential for innovation and tech growth are directly linked to the funding and entrepreneurial network that exists.
CLAOC and its VC partners are championing efforts to raise capital from and for local companies. We are directing this capital to a more diverse group of founders to grow a productive entrepreneurial ecosystem, allowing start-ups to succeed and connecting established OC companies to the best-emerging tech opportunities.