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
California Film and Television Tax Credit awardees secure 79 Emmy nominations
News What you need to know: California Film and Television Tax Credit awardees received a combined 79 nominations for the 78th Annual Primetime Emmy Awards, led by The Pitt with 25 nominations—the most of any project this year. SACRAMENTO – The nominees for the 78th...
Governor Newsom announces $20 million in grant funding matched by Google to support local journalism across the state
News Eligible newsrooms can apply for up to $250,000 each to support original reporting What you need to know: Governor Newsom today extended funding to support and strengthen local journalism – with $20 million allocated as part of the state budget for two additional...
Governor Newsom extends business incentive program, bolstering California’s nation-leading job creation
News What you need to know: Governor Newsom today signed into law an extension of the California Competes Tax Credit, a statewide program that incentivizes businesses to invest, grow, and create jobs in California. Programs such as CalCompetes help support...
