IRVINE, CA—Although Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born, and Orange County is also in the midst of a tech boom. According to JLL's 2015 United States Technology Office Outlook, technology firms and startups aren't just exploring new U.S. markets, they're starting to plant roots, and Orange County has one of the fastest growing tech markets in the nation.
· Based on a rolling 12 months, Orange County technology firms attracted a total of $586.97 million of venture capital funding, up 63.5 % from the previous 12 months.
· In the JLL locator matrix Orange County ranked in the "High startup opportunity, low cost" category, which is the sweet spot for young companies. This matrix is based on startup momentum, tech real estate, employment costs and other key factors.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
