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octane <br />RE: Letter of Support for Related Bristol <br />October 9, 2023 <br />Dear Commissioners &t Councilmembers, <br />My name is Bill Carpou, Chief Executive Officer of Octane. As a nonprofit business organization, our <br />mission is to connect people, resources and capital to help create 55,000 new high -paying jobs in <br />the Orange County region by 2030, particularly in the rapidly expanding technology and medical <br />technology sectors. Since our initiative's launch in 2010, we have achieved more than 50% of that <br />ambitious goal creating about 28,000 high -paying jobs, including many in greater Santa Ana. <br />However, attracting this skilled labor force, including engineers, software programmers, and <br />computer system analysts to fill these critical job opportunities remains a challenge. A shortage of <br />quality housing with sustainable and environmentally -friendly features desired today by youngerjob <br />seekers is hampering recruiting efforts by many companies. <br />The housing that does exist or has been built recently does not follow an urban model for individuals <br />who desire a walkable location and less reliance on cars to access everyday services, shops, <br />restaurants, entertainment and recreation. They are seeking a vibrant community that matches their <br />lifestyle whether working remotely, socializing with friends and colleagues or simply meeting new <br />people. Related Bristol is the type of mixed -use development Octane believes can attract and retain <br />the skilled labor pool needed to help drive our local economy. <br />Santa Ana sits squarely in the heart of Orange County, benefitting from easy access to major <br />freeways, commuter trains and one of the best regional airports in the nation. As a result, more <br />companies want to relocate and expand their footprint in the area. Related Bristol will undoubtedly <br />become a centerpiece to the region's economic success story because it will deliver the housing and <br />lifestyle amenities many individuals seek today. <br />We are excited to support Related Bristol and we hope you will share our enthusiasm by supporting <br />this visionary development. <br />Sincerely, <br />& <br />Bill Carpou <br />Chief Executive Officer <br />Octane <br />4041 MacArthur Blvd, Suite 260 info@octaneoc.org <br />Newport Beach, CA 92660 949 459 3366 Learn more at octaneoc.org <br />