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’s $20 Fast-Food Minimum Wage Is a Win-Win-Win, Research Says”
News What you need to know: UC Berkeley economists’ study shows that raising the minimum wage increased incomes for workers, with no job cuts and food prices remaining largely stable. SACRAMENTO – A new study published by UC Berkeley’s Institute for Research and Labor...
First Partner Siebel Newsom, Latino Community Foundation, and Prospera highlight growth of Latina entrepreneurship on Latina Equal Pay Day
News OAKLAND – Today, California First Partner Jennifer Siebel Newsom, in partnership with the Latino Community Foundation and Prospera recognized Latina Equal Pay Day – underscoring the persistent wage gap faced by Latina workers across the United States. On average,...
ICYMI: California businesses dominate the Inc. 5000 list
News What you need to know: Inc. Magazine’s annual rankings of the top 5,000 companies for revenue growth over the past three years included 672 California businesses, nearly 200 more than the next closest state. SACRAMENTO – The Inc. 5000 companies have generated...
