Orange County outperforms peer regions in areas such as educational attainment and employment; however, issues such as affordable housing and homelessness still plague the area, according to the 2019-20 Orange County Community Indicators Report, released on September 19. Report findings were presented by Dr. Wallace Walrod, OCBC's Chief Economic Advisor, and the report was unveiled to over 300 attendees at OCBC's 2019 Community Indicators Summit, sponsored by Bank of America.
According to the findings, Orange County is an economic powerhouse with low unemployment; however, 12.1% of Orange County residents live in poverty. In addition, the county is aging and younger residents are increasingly leaving for a more affordable lifestyle.
"We are rapidly becoming an older county," Dr. Walrod said. "Unless we figure out how to do a better job of providing workforce housing, all of the other issues will only get worse." Read More.
To read the OC Register article on the report, Click Here
. To access the report, Click Here