2018 COMMUNITY REPORT

Built on a visionary Irvine Master Plan more than 50 years ago, ours is a world-class city that easily

stacks up to any other city in America in terms of what it offers its residents and businesses. This Community Report covering 2018 includes many impressive statistics and facts that provide a snapshot of Irvine as well as insight into the extraordinary commitment the Greater Irvine Chamber has made to the overall economic vitality of this community and its residents. Situated in the center of Orange County, Irvine was master planned to be an economic powerhouse. Its business centers are home to an impressive list of leading companies in technology, innovation, biotechnology, medical, and communications sectors—21st century businesses like Google, Oracle, Edwards Lifesciences, Amazon, Allergan, Blizzard, and Cylance, to name a few. The Greater Irvine Chamber is a vital community partner, executing its mission at a high level to support the business community through economic development work focused on attracting foreign and domestic investment, advancing international trade, and attracting high-paying jobs to Irvine to retain our talent pool. Additionally, Destination Irvine brings to the city several millions of dollars in local economic activity each year. We are also a leading business organization dedicated to advocating on behalf of the business community to federal, state and local government.

The Greater Irvine Chamber is engaged in numerous partnerships that directly support the community. Our partnership with the Irvine Public Schools Foundation advances the Chamber’s goal of ensuring a highly-skilled, 21st century workplace for Irvine’s future while helping to fund programs for today’s students. As a partner with the City of

Irvine, the Greater Irvine Chamber has outreached to companies worldwide to highlight the benefits of locating or expanding their business to Irvine. With nearly 1,000 members and community partners, the Greater Irvine Chamber is the nucleus of the local business community and serves as a key convener of the various groups that make up this incredible city. Each year we provide more than 400 opportunities for members to learn, connect, and grow their businesses. With millions of dollars in closed

business through our leads groups, our members are supporting each other, retaining tax dollars locally, and stimulating the local economy. Our award-winning organization has achieved a 5-Star Accreditation, the highest rating awarded by the U.S. Chamber of Commerce. We are staffed by a highly-skilled team of professionals, governed by a visionary Board of Directors composed of executives from leading companies throughout the greater Irvine area, and supported by diverse member businesses, coalition partners, and dedicated member volunteers. On behalf of the Greater Irvine Chamber staff and Board of Directors, I thank you for your contributions to our exemplary city. I invite you to join us and be a part of our winning team as we continue our mission to advance economic vitality of greater Irvine.

Bryan Starr, President/CEO

2 www.greaterirvinechamber.com

MESSAGE FROM THE PRESIDENT/CEODear Irvine Business Leader,

Educational Attainment

POPULATION: 277,453

MEDIAN AGE: 34.4(National Median Age: 37)

Workforce/Industries – Employment Number of people working in Irvine: 254,250Number of companies in Irvine: 17,938 (23,775 business licenses in Irvine)

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IRVINE SN

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www.greaterirvinechamber.com

97%IRVINE

ORANGE COUNTY, CA

3RDlargest city in Orange County

Fast Fact: There are over 900 tech companies in Irvine

3.0%Unemployment in Irvine

MEDIAN HOUSEHOLD INCOME: $93,823

68%

IRVINE SNAPSHOT

SINCE 2005:

SAFEST CITY IN AMERICA(population over 100,000) - Federal Bureau of Investigation (FBI)

RUNNER-UP SMALL CITIES - OVERALL

& TOP 10: BEST FOR HUMAN CAPITAL, LIFESTYLE AND ECONOMIC POTENTIAL

- fDi Magazine, American Cities of the Future 2017-2018BACHELOR'S DEGREE OR MORE

Cultural Diversity:

White 45.1% Asian 39.2% Hispanic 9.2% Black 6.2%

CULTURAL DIVERSITY

White Asian Hispanic Black

Multirace Other* *(includes Pacific Islander/

Some other race/American Indian)

48.8%

2.1%

9.7%

41.2%

3%

4.6%With nearly 1,000 members and community partners, the Greater

Irvine Chamber is the nucleus of the local business community and serves as a key convener of the various groups that make up this incredible city."

HIGH SCHOOL GRADUATION

85,960 Professional, Scientific, Management, Administrative, Information & Waste Mgmt. Services29,272 Manufacturing

17,549 Wholesale Trade

12,794 Retail Trade

873 Agriculture, Forestry, Fishing & Hunting, Mining

35,678 Finance & Insurance, Real Estate Rental & Leasing

22,502 Arts, Entertainment, Recreation, Hospitality

11,751 Construction

44,387 Educational Services, Health Care, Social Assistance, Public Administration

7,064 Other Services (except Public Administration)

3,968 Transportation & Warehousing, Utilities

Irvine was master planned to be an economic powerhouse. And it is that vision which supercharges our quality of life, global business reputation and economic vitality. Leveraging our strategic location at the epicenter of Southern California’s innovation ecosystem, our life science and information technology sectors fuels dominance in medical device, ophthalmology, cybersecurity, software developments and digital arts, media and gaming. Driven by the best companies, the brightest talent and rich diversity, the Irvine economy is thriving.

▶ Welcomed Horizon Consumer Science, Jackson Tidus, Easterseals, Ingram Micro, Irvine Auto Center, TCA, Square Root, Brandman University and Memorial Care. These elite members enjoy increased visibility and exposure for their organizations.

▶ The Chamber celebrated the openings and milestones for over 30 businesses.

The Member Referral Program The Member Referral Program took off as a reward to current members who find and refer new members. Those who help sign up new members receive a gift certificate to a member restaurant – it’s a win-win-win!

Membership Highlights

Legislative Advocacy & Government Affairs

4 5www.greaterirvinechamber.com www.greaterirvinechamber.com

CHAMBER HIGHLIGHTS

The Greater Irvine Chamber delivers. As the most dynamic and influential chamber in Orange County, the economic vitality of the greater Irvine area is our business. For its members, the business community, public and private sector partners and the residents of Irvine, the Chamber delivers real value. Our effective business advocacy, business outreach and retention, lead-generating forums, targeted business attraction and programs, activities and events are all intentionally designed and executed to help businesses grow. This is your Chamber at work.

2018 YOUR CHAMBER: WE CONNECT YOU

Business Outlook ConferenceThe Business Outlook Conference featured Spencer Rascoff, Chief Executive Officer, Zillow Group and Jan K. Brueckner, Professor of Economics, UCI. The event brought together 800+ business executives providing key insight on trends influencing the economy.

Women of InfluenceThe Women of Influence Forum welcomed over 350 attendees and featured Rosie O’Neill, Founder & CCO, Sugarfina; Cassandra Miller, Former CEO, See Jane Go; Eldonna Lewis Fernandez, Mgst USAF Retired; Kim Shepherd, CEO, Decision Toolbox.

Celebrate IrvineCelebrate Irvine recognized recipients for the Business of the Year, Non-Profit of the Year, Entrepreneur of the Year, Young Professional of the Year and Business Philanthropist of the Year awards.

Fast Fact: There are over 100,000 STEM jobs in Orange County - 1/3 of them are in Irvine

The Greater Irvine Chamber advocated on 32 bills and achieved a 62% success rate. The Chamber has continued to provide access for its members to officials, stakeholders, and policy makers. The Chamber held a candidates forum to help inform the electorate prior to the election and has continued to bring the business and government communities together.

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62%Success Rate

Greater Irvine Chamber Leads Groups created referrals for members resulting in over

$20 MILLION

IN NEW BUSINESS

OVER 800 businesses representing over

60,000 EMPLOYEES comprise our membership.

6 7www.greaterirvinechamber.com www.greaterirvinechamber.com

ECONOMIC VITALITY

GREATER IRVINE CHAMBER ECONOMIC DEVELOPMENT

The Chamber’s economic development work focuses on what matters.The Business & Workforce Development Committee focuses on business attraction, retention, education and business connections, growing the innovation ecosystem and developing talent and workforce readiness. The International Development Committee focuses on strategic foreign direct investment, industry sector development, export assistance, global trade, sustaining an International-American chamber network and producing the OC World Trade Week Breakfast & Forum. Highlights include:Business Outreach Rally — this multiple award-winning business retention program connects us with hundreds of businesses each year. The commitment of our volunteer business owners and managers makes this possible. Twice-yearly, 30-50 volunteer Chamber members make in-person calls to talk with and survey our businesses. They deliver our valuable Business Outreach Resource Guide alerting businesses to the networks and resources available to help them grow. To date, over 400 members have participated, over 3,750 companies have been contacted, over 800 surveys have been completed and over 35 interventions have been managed.

Greater Irvine Chamber awarded the 2018 Presidential “E” Award for Export Services.The only Chamber in the U.S. to be so honored, the Greater Irvine Chamber was recognized for its expansive scope of work helping businesses explore new markets and export their products and services. Secretary of Commerce Wilbur Ross presented the award to CEO Bryan Starr and EVP Linda DiMario in Washington D.C. in May.

Career Readiness — The Irvine Career Discovery Day, produced in collaboration with Vital Link brought over 250 students face-to-face with Irvine’s career opportunities at Parker Aerospace, GOOGLE, Blizzard Entertainment, Johnson & Johnson, Cox Communications and more.

Fast Fact: There are over 485 life science companies in Irvine

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Everything the Chamber does is economic development. We are an outwardly focused, results-driven organization fueled by the energy and commitment of our volunteer leadership, members, partners and professional staff. We help businesses grow. We help businesses explore new markets and export their products and services. We help connect people with the right resources. We attract new companies and foreign direct investment. We contribute to building our 21st century workforce. All, to help our businesses compete more effectively.

FDI Mission grows Irvine’s global reputation.Irvine returned to the UK in 2018, an impressive delegation headed by Don Wagner, Mayor of Irvine and the Chamber’s CEO Bryan Starr. Charged with encouraging companies to expand to the U.S. and establish their business here, the mission delegation met with 30 companies, received a briefing from the U.S. Embassy, met with the London’s Deputy Mayor of Business, Rajesh Agrawal and produced thought leader panels and receptions co-hosted with One Nucleus (UK life science association) and the Association of British Healthtech Industries for their memberships.

Irvine Ready!10 UK companies and 15 company CEOs and founders made the trip to site visit Irvine for expansion here during the Chamber’s Irvine/Orange County Life Science Showcase. Thanks to partnerships with OCTANe, producer of the Medical Technology Innovation Forum, UCI Applied Innovation, Hoag Hospital, Edwards Lifesciences and dozens of Irvine companies who contributed time, resources and expertise, we highlighted our strongest assets and demonstrated that we are Irvine Ready! Three companies have already declared their intention to establish a presence here!

Orange County World Trade Week Breakfast & Forum

Topping 550 attendees in 2018, the Chamber-led celebration of trade in Orange County is produced with the support of 30 International-American business associations, companies and trade organizations dedicated to expanding trade and export opportunities for our businesses. Featuring a keynote address by Joe Kiani, CEO of Masimo, remarks by Sarah Kemp, Acting Deputy Undersecretary of Commerce for International Trade, U.S. Department of Commerce and an Export Success Stories panel including TS Pharm, NeoMedix and Toshiba America Business Solutions, the event continues to grow its impact in the region.

Andy Downer, Horizon Research; Lynn Stewart, Cal State Fullerton; Linda DiMario, GICC; Jason Lantgen, JLL; Bryan Starr, GICC; Bill Carpou, OCTANe; Deputy Mayor; Steven Small, UCI/UCI Medical Center; Mayor Donald Wagner; Leigh Volkland, Edwards Lifesciences; Carlos Oregon, Thinkbox Technology Group; Yassin Nahi, OCO Global and Kate Klimow, UCI Applied Innovation flanked by members of the London & Partners team.

OCTANe LaunchPad:

UCI Applied Innovation:UCI affiliated startups and inventions attracted $18 billion in last two years.

Total capital infusion (to date) $2 BILLION

Capital infusion $286M INTO 34

LAUNCHPAD COMPANIES

5 Acquisitions at $330 MILLION

535active patents

Small Business Development Center generated $25 million in economic impact

8,500+ JOBS CREATED

134invention disclosures

Destination Irvine 2018 Highlights

8 9www.greaterirvinechamber.com www.greaterirvinechamber.com

GREATER IRVINE CHAMBER VISITORS BUREAU DESTINATION IRVINE

DESTINATION IRVINE

$8,470,844 Total economic impact:

FY 2017-2018

121 BOOKINGS27,207 ROOM NIGHTS

PERCENTAGE OF TOTAL VISITOR

SPENDINGTotal Spending in 2017:

$619,000,000

18%

7%

29%

23%23%

Key Food & Beverage Accomodations Arts & Entertainment Retail Transportation

Visitor Spending in Irvine($ Millions) Food & Beverage: $145Accomodations: $177Arts & Entertainment: $142Retail: $114Transportation: $41

Fast Fact: UCI is ranked #7 among public universities in the U.S.

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Hotel Bookings and Economic ImpactWorking with Irvine’s 21 hotels, Destination Irvine continues to deliver year-over-year record results in meetings and sports events identified, solicited and booked, generating increased revenue for the city and its businesses.

Destination Irvine positions Irvine and its hotels as a smart choice for meetings, sports events and leisure travel. The Chamber’s role in bringing meetings, conventions, sports events and leisure travelers to stay in Irvine hotels is the driving focus of Destination Irvine. Collaborating with Irvine’s 21 hotels, we sustain aggressive direct sales and innovative travel marketing initiatives that continue to generate millions to the economy of Irvine – using visitor spending to help sustain our quality of life.

It is estimated that without visitor spending, resident households in Irvine would each pay

$380 MORE A YEAR in state and local taxes.

$34MThe travel industry

contributed $34 million in local and state taxes.

$226MThe travel industry supported

5,790 Irvine jobs and was responsible for adding

$227 million in wages to the local economy.

$619M In 2017, traveler

expenditures for Irvine came to an estimated

$612 million, an increase of two percent over 2016.

▶ CBS social influencer campaign (January-February 2018) continued work with social influencer Jill Wallace, Little Black Boots, to engage target market audiences through social videos to enter a sweepstakes for a chance to win a trip to Irvine. The campaign produced 7,320,366 impressions, drove 51,407 clicks to the website and resulted in 4,163 contest entries.

▶ Launched a new meeting-focused ad campaign that highlights both Irvine’s meeting space and open space.

▶ Co-hosted the Travelocity Roaming Gnome (August 2018). The social media driven campaign resulted in more than 850,000 impressions.

2018 AwardsORGANIZATION AWARD IN RECOGNITION OF:

Hermes Creative Awards Platinum Awards destinationirvine.com

Hermes Creative Awards Platinum Awards Social influencer digital marketing campaign

SportsEvents Readers’ Choice Award Winner

Award-winning destination for youth

& amateur sports

Videographer Awards Award of Distinction“Irvine, CA – Where Tech Meets Trek”

outdoor video

Connect Sports Game Changer Dave Lucey

Marcom Competition Platinum Award destinationirvine.com

Marcom Competition Gold Award 2018-2019 Official Irvine Visitors Guide

Marcom Competition Gold Award “Irvine, CA - Where Tech Meets Trek”

IRVINE TOURISM SPENDING INCREASED

FOR THE EIGHTH CONSECUTIVE YEAR

OC Joint Marketing Campaign Destination Irvine participated in OC Joint Marketing Campaigns with Expedia. The campaigns ran January-March and July-September. The campaigns resulted in 12,269 Irvine room nights booked with a total revenue to the hotels of over $2 million.

Kate Klimow* (Chair)UCI Applied Innovation

Vivian AtkinsonExpress Employment Professionals

Andrew BernsteinJackson Tidus

Carissa Bechtloff Memorial Care

Massis Chahbazian The Printery

Anthony Cosenza*

Concordia University

Karalee DarnellSouthern California Edison

Jeff Davis*

Irvine Company Barry Draskovich, PMPParker Hannifin

Michael DrennenCox Business

Rachel DunningtonGoogle

Dan Han*

Agapay

Justin LaJoieZillow Group Isaiah LeslieRegal Court Reporting, Inc.

James J. McDonald, Jr.*Fisher & Phillips

Chip MonacoWaste Management of Orange County Brian MontesScaleocity Works Eric MorganFivePoint

Albert Napoli Metropolitan Water District of SoCal Dr. Shelly NealBrandman University

Sesha NeervannanAllergan

Scott NortonHoag Health

Carlos OregonThinkbox Technology Group

Michael PetersenShulman, Hodges & Bastian LLP

Barry L. Rodolff*

The Rodolff Law Firm, APC

Scott Schultz*

RH Morris Insurance & Financial

Paul Simonds*

Curt Pringle & Associates Lisa ThomasTaylor Digital

Traci Tran*

White, Nelson, Diehl Evans LLP

Leigh VolklandEdwards Lifesciences*Executive Committee

SILVER

10 11www.greaterirvinechamber.com www.greaterirvinechamber.com

LEADERS CIRCLE

Leaders Circle members are among the most influential companies and organizations in Irvine and Orange County and take pride in being identified as sponsors for all chamber events and activities.

The Leaders Circle membership offers greater involvement, presence and access to higher level executives.

BRONZE

GREATER IRVINE CHAMBER LEADERSHIP

2018/2019 BOARD OF DIRECTORS

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IRVINE HOTEL PARTNERS FUELING IRVINE'S

ECONOMIC VITALITYIrvine’s hotel collection offers local companies,

meeting planners and travelers from around the globe a variety of options for their meetings and business travel. These hotels fund the Chamber’s tourism and economic

development promotions and activities.

We are fortunate to live and work in one of the most dynamic and amenity-rich cities in the country. The Greater Irvine Chamber connects FivePoint to like-

minded leaders who not only appreciate the world-class lifestyle we enjoy in Irvine, but are also actively contributing to our city’s future and continued evolution.”

- Eric Morgan, Vice President, Community Affairs, FivePoint

Irvine Marriott Marriott Irvine Spectrum

GOLD

MISSION STATEMENT: TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE.

Greater Irvine Chamber of Commerce36 Executive Park, Suite 100 Irvine, CA 92614

P: 949-660-9112 • F: 949-660-0829Email: icc@irvinechamber.com

www.greaterirvinechamber.comwww.irvinechambereconomicdevelopment.comwww.destinationirvine.com

HOTEL IMPROVEMENT DISTRICT (HID):Irvine’s Hotel Improvement District was established at the

request of the hotels and is enabled by City Ordinance. The hotels agreed to a 2% assessment on sold rooms in addition to the 8% Transient Occupancy Tax collected and retained by the City of Irvine. The intent of the assessment is to fund tourism sales and marketing, business attraction and retention and

programs that produce revenue for hotels, restaurants, retail and the City’s General Fund. The HID selected the Greater

Irvine Chamber and Destination Irvine to manage and deliver this scope of work with.

Destination Irvine, and the Greater Irivne Chamber of Commerce

promote Irvine as a destination, which drives hotel sales.

8% Hotel Tax to be collected:

$16,300,000 projected revenue

collected in FY 2018-2019 – 100% accrues to City’s

General Fund

2% ASSESSMENT & ROI1.5 % of assessment funds tourism promotion and economic development;

0.5% goes to City of Irvine for arts and cultural events.

Destination Irvine Delivers! Return on Investment for FY 2017-2018: $8,473,000 direct spending in Irvine.

1.5%PARKS AND

RECREATIONPOLICE AND

SAFETYFIRE DEPARTMENT PUBLIC WORKS TRANSPORTATION SCHOOLS

.5% ARTS AND CULTURAL EVENTS

PUBLIC/PRIVATE PARTNERSHIP : AT WORK FOR IRVINE

Greater Irvine Chamber dollars received from City’s General Fund: $0Greater Irvine Chamber dollars received from Irvine’s 8% Hotel Tax: $0

GENERALFUND

2018 PRESIDENT’S "E " AWARD WINNER FOR EXPORT SERVICESBEST PLACES TO WORK

U.S. CHAMBER OF COMMERCE FIVE STAR

ACCREDITED