Economy
California is the 5th largest economy in the world. It’s a powerhouse built by our people. Here’s how we’ll ensure economic opportunities reach all Californians.
Creating jobs
California Jobs First will create more good-paying jobs, faster. It is a first-of-its-kind model that streamlines the state’s workforce development. It will guide investments in job creation, industrial strategy, and economic development.
Lowering costs
We’re making California more affordable to more people. Governor Newsom is doing that by focusing not only on the needs of businesses, but also on the needs of workers. California has been the place where the middle class dream is achievable. We’re taking action to make that dream an affordable reality today.
Unlocking the freedom to succeed
California is preparing students for the workforce of tomorrow. We’re helping them build skills, leading to high-paying and fulfilling careers — even without a college degree. That’s giving people the freedom to succeed.
Getting job training for Californians
Californians are learning the new skills they need for good-paying jobs. The Governor is creating:
- more apprenticeship opportunities,
- new career pathways for young Californians,
- better access to training programs for farmworkers, and
- support for former oil and gas workers.
Investing in business innovation
We’re doubling down on our investment in California’s innovation and entrepreneurial ecosystem. We fuel this by creating policies that support big thinkers and job creators. Governor Newsom is cutting bureaucratic red tape. And he’s keeping business here with billions in tax relief and grants.
News about the economy
ICYMI: Governor Newsom reassures international partners that Trump’s tariffs don’t represent California
May 16, 2025
News SACRAMENTO – Governor Gavin Newsom kicked off #WorldTradeMonth with a round of key international interviews with journalists from major broadcast networks in Canada, Japan, Mexico, South Korea, and the United Kingdom. In the interviews, Governor Newsom addressed...
Despite Trump Slump, Governor Newsom’s revised budget delivers on housing, education, water, and jobs
May 14, 2025
News Tax cut for military retireesUniversal pre-kindergarten for all Expanded before school, after school, & summer schoolFree school meals for all kids Boosting literacy & readingBuilding more housing, ASAPMore water for CaliforniansLowering drug...
A pesar del Tumulto de Trump, el presupuesto revisado del Gobernador Newsom ofrece resultados en materia de vivienda, educación, agua y empleo
May 14, 2025
News Reducción de impuestos para jubilados militares Pre-kinder universal para todos Ampliación de programas antes y después de clases y cursos de verano Alimentación escolar gratuita para todos los niños Impulso de la alfabetización y la lectura Construyendo más...
