Garden Grove, CA Economic Overview
Located just 25 miles southeast of Downtown Los Angeles, Garden Grove is a spirited and vibrant city in central Orange County, Calif. It is the fifth-largest city in the county, and the 26th-largest in the State of California, sprawling 17.8 square miles. The city has gone through several stages of development, including the redevelopment following the 1933 Long Beach earthquake, in which much of the town’s central business district was destroyed. The post-World War II boom also led to rapid development, with Garden Grove later incorporated as a city in 1956, home to 44,000 residents. Garden Grove has since grown to over 177,000 residents and hosts numerous festivals in the area, including the Garden Grove Strawberry Festival during Memorial Day weekend, which attracts over 250,000 visitors each year. Garden Grove is conveniently located less than one mile from Disneyland, seven miles from Knott’s Berry Farm, nine miles from local beaches, and ten miles from John Wayne Airport. Economically, the City continues to grow and expand, offering visitors, residents, and businesses unique employment and development opportunities throughout the area. The City has innovative programs for both small and large companies wishing to remain, expand, or relocate to the area, as well as a strategic location for Garden Grove commercial real estate to propser, adjacent to six major freeways.
Orange County’s economy continues to make strong gains in terms of growth, job creation, and lower unemployment rate. Improvements in the housing market throughout the County and Garden Grove have pointed to stronger consumer spending in both 2015 and 2016. Garden Grove continues to attract a large number of visitors and tourists each year, and sales tax revenue is expected to increase. With the city's proximity to major universities, community colleges, and technical schools, there is a substantial supply of well trained professional and technical employees that work in a variety of sectors, primarily in aerospace, retail, manufacturing, and tourism. The City’s largest employers include Air Industries Corp., American Apparel Knit & Dye, Prime Healthcare Services, and Walmart. The median household income is approximately $59,000, which is above the national average of $54,000.
9561 Chapman Avenue, Garden Grove, CAProperty