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Prange County Regional Plan <br />Declaratlon: The OC Regional Plan has been developed with collaborative input of key regional partners and <br />stakeholders; implementation commitments and partner roles are described herein. <br />Res lonzf GoaliObjective: Strategic regional alignment to increase efficiencies/innovations in the workforce system. <br />Strategy;lmlplsmentation: Through the Regional Implementation and Innovation Grant, partners will work on system <br />alignment, service coordination, and support towards a sustainable regional infrastructure that are in sync and committed to <br />the overall goal of helping people get good jobs, sustainikeep good jobs, and positively affecting the regional economy <br />through sustainable regional sector pathways. <br />State Plan Alignment: Regional alignment of workforce, education, and business engagement programs to foster a <br />comprehensive workforce system responsive to demand•driven skills attainment. <br />28, REGIONAL ECONOMIC AND BACKGROUND ANALYSIS: A regional analysis of regional workforce, labor <br />market, and economic conditions including- existing and emerging in-demand industry sectors and <br />occupations; employment needs of businesses; analysis of demand driven skills needed by businesses in the <br />region; and analysis of workforce development activities (including education and training). <br />ANALYSIS OF ECONOMIC CONDITIONS: Orange County has experienced moderate economic growth and <br />increased per - capita income over the past year, a continuing trend of moderate growth during the county's post -Great <br />Recession recovery. Over the past ten years, Orange County has maintained an economic environment that is among the <br />most prosperous in the state and the nation. Unemployment Is comparatively low, median income is high and Gross County <br />Product (GCP) is growing at an annualized rate of 4 %. <br />Unemployment Rates, 20062016 <br />15.0 % <br />10.0% <br />6.0% <br />0.0°/ <br />Ay Al Am A9 0 ry s� sm '`h 4> <br />se e sa° s sg Jr <br />-- Orange County, CA -- California — United states <br />SOURCE, CENTER FOR ECONOMIC STUDIBS, CHAPMAN UNIPBRSII T <br />Gross County Product (GCP) <br />orange County, CA <br />$24000 <br />10 <br />2014 2015 2016 <br />SOURCE, CALIFORNIA EMPLOYMENT DEVELOPMENT ORPARMENT AND <br />U.S. BUREAU OF LABOR STATISTICS <br />Orange County Region Highlights — Demographics and Workforce Characteristics <br />• With a population of 3,169,776 as of July 2015, Orange County falls behind only Los Angeles (10,170,292) and San <br />Diego (3,299,521) counties in the state <br />• Orange County leads the region, state, and nation in job creation: adding 39,000jobs in last 12 months <br />• The OC Region has a 4.4% unemployment rate <br />• The county's population growth is projected to continue at an increasingly slower rate over the next 20 years <br />Page 3 <br />19 D -18 <br />