South Orange County, CA — A current Economic Impact Report produced by Lightcast confirms that the South Orange County Community College District (SOCCCD) is a driver of economic growth and opportunity in the region.
Lightcast in collaboration with the Orange County Regional Consortium (OCRC), the study found that SOCCCD—including Saddleback College and Irvine Valley College—added $2.0 billion in income to the Orange County economy in fiscal year 2023–24, supporting more than 19,000 jobs across the county.
“This report demonstrates that SOCCCD is a consistent and powerful engine for social mobility and regional growth,” said Chancellor Julianna M. Asperin Barnes. “Our colleges prepare students for high-demand careers, strengthen local businesses, and provide taxpayers with an excellent return on investment.”
The study highlights several key findings:
- $2.0 billion total annual impact, equal to 0.7% of Orange County’s gross regional product (nearly the size of the entire utilities sector).
- 19,159 jobs supported, spanning industries such as real estate, healthcare, and business services.
- For every $1 students invest, they receive $3.70 in higher future earnings, with an average annual rate of return of 15.6%.
- California gains $4.6 billion in social benefits from SOCCCD graduates, including higher business output and healthcare, justice system, and income assistance savings.
“Each year, Saddleback College delivers on its promise to serve as both an academic institution and an economic partner,” said Saddleback College President Dr. Elliot Stern. “From our student services and gateway building to new programs at ATEP, our impact is felt in local businesses, families, and industries across Orange County.”
“At Irvine Valley College, we are proud to empower students with the education and skills that increase their lifetime earnings and open new opportunities,” said IVC President Dr. John Hernandez. “This report shows the measurable impact our graduates make, not only in their own lives but in strengthening the overall prosperity of our region.”
SOCCCD serves nearly 60,000 students each year, acting as a vital pipeline of talent to Orange County industries. Beyond workforce development, the District’s presence enriches the community through higher tax revenues, reduced demand for government services, and a stronger quality of life for all Californians.