Govt, Retail, Health Dominate as Disney Slips
Surpassing Disney, UCI took over the top spot on the Business Journal’s annual list of the largest OC employers by growing 2.6% to 26,182
South Coast Brings In $1.6B in Taxable Sales
Many shopping centers are projecting record growth in holiday retail sales this year despite supply chain issues
Execs See Loan Payoffs, Increase in Digital Use
Assets at Orange County-based commercial banks climbed 3% as growth slowed following a wave of consolidation and payoffs of government-backed loans
See 16% Rise to $38.3B; SchoolsFirst Adds $4.25B
Orange County’s credit unions are growing their assets at a far faster pace than the county’s for-profit banks
Sales Up 15% To $4.9B; SUVs Lead
SUV segment continues to be a bright spot in an operating environment that’s seeing plenty of retail headwinds for auto dealers
Supply Chain Issues, Chip Shortage Woes
Automakers will need to practice stoicism with economists not forecasting a return to any semblance of normality until 2023
Traditional MBA programs have been in decline in recent years as students forgo expensive programs for more flexible learning options
EDUCATION: 10% decline follows 21% drop year ago
Falloff in the combined full and part-time enrollment was widespread as eight of the nine colleges reported declines, five topping 10%
Say Some Industries Booming Again
OC’s largest insurance brokers as a group saw their revenue climb 7.1% last year, catching up to pre-pandemic levels
Local Employee Count Climbs 18%; 60 Entries
Orange County’s fastest-growing private companies continued to post amazing revenue growth despite the pandemic that slowed down many companies last year
Joins Dendreon, Avid Bioservices
BioDuro-Sundia plans for expansion into Orange County with a new facility in the Irvine Spectrum area with commercial service operations starting next year
Edwards, Masimo, Inari, Glaukos Adding Space
Employee growth at Orange County’s biggest medical device makers climbed 8.3%, out pacing last year’s 5% increase
Boeing, Panasonic Fall; Anduril Up to 400 OC Workers
Despite COVID numbers and fear of air travel, commercial airplane makers and their suppliers are expecting an industry upturn
Top Area Groups Scrambled, Pivoted
How to engage with prospective charity grantees proved challenging last year, with corporate foundation teams out of the office as needs also shifted when it came to giving over the course of the pandemic.
Top Firms Indicate Work ‘Picking Up Like Crazy’
The past year wasn’t great in terms of new business for Orange County architects, but they are optimistic about this coming year
See Boom Coming In Solar, 2028 Olympics
Orange County’s largest engineering firms reported a 3.1% rise in OC billings to $1.2 billion for the 12 months ended June 30
Video Game Maker Stays Atop OC Software Firm Rankings
Blizzard Entertainment has been getting plenty of attention of late, not much of it positive
Verizon, T-Mobile Top List; Mobilitie Dips to No. 8
Employee headcount for the area’s 18 largest wireless and other telecommunications companies dropped 3% this year
Operators Tout Flexibility In Wake of COVID-19 kat
Orange County coworking firms are looking to take advantage of current leasing trends, as local employers seek flexible space options and figure out their back-to-work plans
Local Operators Grab More Business From LA
Hotel developers are making up for lost time after the tourism market shutdown in 2020
DSOs, Device Makers Expect Sales Rebound This Year
Orange County’s dental industry is still trying to recoup from the pandemic but plans for better days this year
Kaiser Continues Dominance With Rise
Orange County’s largest health maintenance organizations grew last year while their counterparts saw a slight dip
2020 Revenue for Top 42 Firms Totals $3.8B
Women-owned businesses are holding their own in Orange County, fighting back against pandemic losses with growth and resilience
Top 23 Firms: 2020 Work Down 12% YOY
Tenant-improvement contractors are finally starting to see demand return after pandemic disruptions
Trio of New Properties Add 1,250 Rooms to Base
Strong signs of life for Orange County’s hotel sector with lifted restrictions and the return of Disneyland crowds
ECONOMY: $78B for top 35 area businesses
The results of the coronavirus on Orange County’s biggest private companies are in: while many certainly did not thrive, most did not fall apart in 2020.
Rising Costs Could Hinder Some Projects
Backlog of construction projects helped to buoy Orange County construction firms over the past year, though headwinds caused by the pandemic could still play out in future years
Industrial Project Backlog; Anaheim Mega-Sites Await
Property conversions becoming more common as developers find new ways to manage properties and focus on long term projects
FOOD: Franchising, digital development
OC restaurant companies are utilizing pandemic experience to push for growth and digital business strategies
RETAIL: Consumers shed sweats, ‘dress accordingly’
2021 challenges are keeping brands cautious but determined for successful year
OC’s Top Public Companies Overcome Pandemic, Outpace National Market Gains
Orange County’s publicly traded companies had not just a great 12-month run on Wall Street, but one for the ages.
FINANCE: $207M for top 15 lenders in OC
Loans under the Small Business Administration to local borrowers soared 63% to $206.6 million on the Business Journal’s annual list of lenders.
$30B in Local Deals In 2020, Down 6.3%
Essential retail, e-commerce became clear winners during the pandemic
Construction Continues; Focus on Safety, Sanitization
Employees are slowly returning to work but office space flexibility is to be expected
ECONOMY: Industry continues being sluggish
The industry saw a major upheaval amid the pandemic but job availability is rising again
Deferred Work Amid Pandemic; New Wins
Orange County advertising agencies didn’t come out of last year’s pandemic unscathed, but the bounce back in business was already underway for many starting this January.
Tech, Life Sciences See Boost in Work
Even though COVID-19 closed courtrooms and forced employees to work from their homes, Orange County’s biggest law firms found a way to keep their workforce steady.
Attached Homes Up 24%; Lack of New Inventory
Local homebuilders and developers enter 2021 on a wave of optimism, with the biggest challenge finding land in Orange County to build more homes, especially less-expensive offerings
Pandemic Fears Overblown; Branches Continue Decline
Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.
VCs Reduce Local Investments to $97M
Venture capital firms with offices in Orange County decreased their local investments last year by about 11%.
In-Person vs. Telehealth; Expansion Plans Continue
Orange County hospitals saw mixed financial outcomes in 2020.
COVID-19 Spurs Growth; Investor Interest Abounds
Orange County’s hub of diagnostics firms largely defied healthcare employment trends in 2020.
PHILANTHROPY: Largest 65 gifts top $204M
Orange County philanthropists met the COVID-19 pandemic with a surge in support for patients, caregivers and students in 2020
TECHNOLOGY: Funding, new launches, stealth cos.
The future’s now for Orange County’s next generation of chipmakers and semiconductor companies
Less Help to Needy As Fewer Volunteered
Orange County’s largest nonprofits reported combined revenue increase 5.3% to $1.8 billion
Albertsons, Edwards, Allied Universal Climb in Ranks
Despite being battered by COVID-19, a slimmer Walt Disney Co. held onto its spot as the largest employer in Orange County by headcount, while the next two largest employers—University of California-Irvine and the local county administration—managed to increase their staffs.
24 Firms Make List; Health, Tech Leads
The ranks of large publicly traded companies in Orange County is increasing as is their market capitalizations, but the rate of growth seen at those businesses is slowing.
Mixed Outlook For Holiday Selling Period
It was no surprise this year’s list of OC’s largest shopping centers reflects the less-than-stellar physical foot traffic the industry’s seeing.
Say PPP Loans Helped Attract New Customers
Assets at Orange County-based banks soared 31% as they benefitted from new clients brought on by the government’s Paycheck Protection Program (PPP) to help small business survive during the shutdown caused by the coronavirus.
Membership Flat; Net Income Growth Slows
Orange County’s credit unions saw their asset growth increase accelerate with a 26% increase, according to the Business Journal’s annual ranking.
Six Open in 2020; Future Plans in Doubt
2020 has been the hardest time for local hotels in recent history, due to the impact of the pandemic on travel, according to longtime industry observers.
UCI, Chapman Up; Drop for Online-Only
Business schools serving Orange County are seeing mixed signs this year.
Most Districts Commit To An Online Year of Learning
Student enrollment is down nationally nearly 2% for associate, undergraduate and graduate programs across the country because of the pandemic, according to a recent report from the National Student Clearinghouse Research Center.
Increased Tesla Competition; Rivian Boosts Ranks
Orange County auto dealers saw their sales continue to slip, amid a rugged year.
INNOVATION: Edwards continues expansion plans
OC’s top medical device makers continue to power a growing workforce in Orange County.
DRUGMAKERS: Urovant sees largest job boost
2020 has been a year of realignment and redirection for a number of Orange County’s largest drugmakers.
OC Exec Bialik Cites M&A, Sales Hires
The Irvine office of Gallagher was the fastest grower on the Business Journal’s annual list of insurance brokers in this week’s issue (see list, page 25).
Report 36% Boost From 2018 Levels
Orange County’s fastest-growing private companies defied the onset of the recession to post another strong year of expansion, albeit not as fast as a year ago.
Edwards’ Charity Jumps 31% to $1.9M
Edwards Lifesciences Corp. Chief Executive Mike Mussallem said he was inspired at a young age to give back by his older brother George, who was diagnosed with Down syndrome as a young child.
Raytheon, Other Defense Firms Add to Base
It’s been a tough year for the civilian aviation industry due to the COVID-19 pandemic, but several area companies with ties to the defense sector were able to boost their local worker counts.
Mobilitie Makes Gains With 5G Work
T-Mobile USA Inc. in Irvine moved up two notches to claim the No. 1 spot in this year’s Business Journal ranking of Orange County’s largest telecom and wireless companies by headcount.
Alteryx Charges, BlackBerry Slips with Cylance
Maybe you should call it the Blizzard King.
Expertise Being Leaned On To Navigate Tough Times
Telehealth, Devices See Increased Member Usage
Orange County’s largest health maintenance and primary provider organizations (HMOs and PPOs) saw stable membership levels in the past year, though the disruption to the healthcare industry due to the coronavirus pandemic has kept providers on their toes, implementing new services and embracing innovative delivery models in recent months.
ECONOMY: 20th edition counts 47; 31 billionaires
Locals, weekenders — $111B
Figures Don’t Reflect COVID-19’s Impact
The 70 largest women-owned businesses in OC generated a collective $4.2 billion in 2019 sales, up 2% from a year ago.
Execs Say Collaborative Offices are Here to Stay
Open, collaborative, modern: buzzwords for office design in recent years have centered on a floor plan that defies a traditional cubicle-based atmosphere for a flexible space that encourages face-to-face interaction.
STOCKS: Gains not widespread, 30 see drop
Orange County’s 50 biggest publicly traded companies reported a combined 16% gain in their market capitalizations for the 12 months ended June 30.
E&Y Reports 15% Annual Growth Again
Orange County’s accounting firms have managed, thus far, to survive the coronavirus pandemic.
Accenture, Deloitte Exchange Top Spots
Growth slowed at Orange County’s management consulting firms, but didn’t fall off a cliff like other industries because of the coronavirus shutdown.
Local Jobs Up 1% As of May
Orange County’s largest private companies kept chugging along in 2019 when they increased their revenue. The county’s 41 biggest private firms together had total revenue around $87.9 billion, a respectable 3.1% increase.
Top Firms Prep For COVID-19 Impacts
Orange County’s construction industry enjoyed another year of strong gains in 2019 and initial part of 2020, with higher revenues, more projects and an increase in local employees.
Nearly 900K SF Of Office Space Underway
Irvine Co. has been Orange County’s most active commercial developer the past year and over the past decade.
Merrill Lynch Retains Top Spot
Rumors of the deaths of brokers may be slightly exaggerated this year, according to the Business Journal’s annual list.
Operations Upended; Lessons Quickly Learned
Restaurants chugged along during the first couple months of 2020.
Pandemic Accelerates Push for Change
Apparel companies were perhaps barely getting a handle on the marketplace’s more recent shifts. Then came COVID-19.
Place 11% Fewer Workers in 2019
Orange County’s largest employment agencies reported no growth in 2019, reflecting an industry that has stalled in the past three years, and is set for an uncertain future as unemployment rates ratchet up.
Irvine’s CDC Wins Title for 2nd Year
The Business Journal’s annual list of lenders in the Small Business Administration program isn’t so much the calm before the storm as it is the storm before the tornado before the hurricane.
$32B in Local Deals Over Past Year, Up 3%
The coronavirus and its economic implications could serve as the catalyst to bring about a reset to the real estate market, which has been on a bullish tear over the past decade.
8 Consecutive Years of Gains; Firms Now Trimming Expenses
Orange County property managers have been wearing different hats of late.
16% Gain for 23 Firms on List
Orange County’s largest advertising agencies were on the up last year, but the disruption to business across industries from the coronavirus pandemic has firms in wait-and-see mode.
New Projects, Regs, Boost Some; Locals Flat Overall
Environmental consulting firms locally were flat to minimally higher on OC billings and workers for the year ended Dec. 31, with some companies reporting robust work levels because of new regulations or projects—or both.
Firms Hold, Fold; 91 Bigs Have Some 2,800 OC JDs
The Business Journal’s list of Orange County’s largest law firms is like the first moments after a trial ends: there are winners and there are … opposing counsel.
Local Employment Down Nearly 6%
Orange County chipmakers, whose local employee count fell about 6% last year, are bracing for additional fallout from the coronavirus that originated in China and continues to spread across the world.
Deposits Up, Headcount Down, Branches Move
Bank of America Corp. claimed the top spot on the Business Journal’s annual list of 41 banks operating here; its deposits climbed 5.6% to $24.1 billion as of mid-2019.
13 Groups: $2.1B in Funds, $81M of Local Buying
For venture capital based in OC there’s an 800-pound gorilla and everyone else.
31 Facilities; $9.1 Billion; A Few Double-Digit Swings
To say hospitals are stable is a good thing, especially for people spending time there.
Total, Average, Donor Count, No. 1: All Rise
Some say “Give Till It Helps,” while others use the old school cry “Give Till It Hurts.”
Only 8 Builders See Year-Over-Year Gains
A nationwide push for more affordable housing and gaps between phases of development at the area’s largest master-planned communities contributed to a sizeable drop in home sales last year locally.
2 Luxe Hotels On Way in Anaheim
Hotel developers in Orange County are committing heavily to groups and convention-goers.
Generates $1.7B in Revenue; Expenditures of $1.4B
Orange County’s largest nonprofits reported their combined revenue increased 5.6% to $1.7 billion for the 12 months ended June, according to the Business Journal’s annual list.
ECONOMY: Disney, UCI, healthcare lead the pack
Orange County’s biggest companies remain on a recruiting push.
Sales of $8.8 Billion Represent 4.5% Gain
Pop ups, first-to-market concepts, beauty and food have helped fuel growth for Orange County’s largest shopping centers, setting the group up nicely as they enter the key holiday selling season.
Acquisition Helps Pass Banc of California
A new leader tops the Business Journal’s annual ranking of the biggest banks with headquarters in Orange County.
Boost OC Memberships 7.5% to 797,620
Orange County’s credit unions saw their asset growth increase again, according to the Business Journal’s annual ranking.
MARKETS: 34 firms report $27B in sales
Orange County has again demonstrated the ability to spur fast-growing publicly traded companies.
Mitsubishi Departs OC; Rivian Ramps Up
Sales took a dip among Orange County auto dealers amid an industry landscape that continues to evolve locally.
Luckey’s Anduril Grows; Top 31 See 4% Push
Aerospace and defense contractors in Orange County pushed up their employment numbers, proving once again in the words of one local flight pioneer, Tustin’s Abe Karem, that “the best place to do aircraft is Southern California.”
Brandman Enrollment Up, Nabs Corporate Partners
Traditional MBAs are in decline across the country.
Institutions Get Grants, Join With Groups on New Work
Local community colleges saw full- and part-time enrollment drop this year, by 0.6% and 3.5% respectively, for an overall decline of 2.6%.