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
El Gobernador Newsom y la Tesorera Estatal Fiona Ma anuncian colaboración con Early Wealth Partnership para facilitar el acceso de las familias a recursos financieros para sus hijos
News Lo que necesita saber: El Gobernador Newsom continúa impulsando iniciativas para ayudar a que más niños y jóvenes de California aprovechen herramientas de ahorro e inversión como CalKids. California está desarrollando la primera herramienta del país que permitirá...
Governor Newsom, State Treasurer Fiona Ma, CPA announce collaboration with Early Wealth Partnership to help families better access financial resources
News What you need to know: Governor Newsom continues to advance work to help California kids access investment tools such as CalKids. California is building the nation's first tool to help families discover and claim the publicly and philanthropically supported early...
Governor Newsom signs historic balanced state budget, cementing California’s fiscal strength and investing in the state’s future
News Releases video message highlighting historic record of fiscal responsibility, economic growth, and transformative investments What you need to know: Governor Gavin Newsom today signed California's 2026–27 state budget, delivering a balanced budget with no deficit...
