Targeted industries include biomedical and life sciences, aviation and aerospace, homeland security and defense, logistics, financial and professional services, Cleantech, Infotech, and other emerging business sectors. Other industries may qualify if located in designated economic development areas.
Orange County Mayor Teresa Jacobs released this statement regarding passage of Orange County's Tax Abatement referendum:
“I'm pleased by the outcome of the job-creation-tax abatement referendum. This economic development tool will help Orange County attract high-paying jobs in targeted industries and will help secure our long-term sustainability. This is another way to get our citizens back to work so they can provide for themselves and their families. I thank the voters for recognizing that this is a worthwhile investment in our local economy.”