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
Governor Newsom announces proposed budget that refills the state’s “Rainy Day Fund,” protects previous accomplishments, and makes historic investments in education
News Putting money in state reserves — to total $23 billion Funding new reproductive health grants to fight Trump's war on women Accountability, fraud, and waste prevention What you need to know: Governor Newsom’s 2026-27 budget proposal reflects a balanced yet...
El Gobernador Newsom presenta su último discurso sobre el Estado del Estado, honrando al pasado de California y reafirmando un futuro más brillante para todos
News SACRAMENTO — Hoy, el Gobernador Gavin Newsom presentó su último discurso sobre el Estado del Estado ante una sesión conjunta de la legislatura estatal. En sus comentarios, reafirmó el papel de California como referente nacional de la democracia, motor económico...
Governor Newsom slams “brainless Trump” for surrendering global leadership, ceding jobs and economic ground to China
News SACRAMENTO — Governor Gavin Newsom today issued the following statement in response to President Trump’s decision to withdraw the United States from the United Nations climate framework: By withdrawing from the United Nations climate framework and 65 other...
