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
Future of aerospace blasts off in the Golden State, as Governor Newsom visits Space Beach
News What you need to know: Governor Newsom visited Long Beach, home to “Space Beach,” as California’s space economy continues to accelerate. The Golden State ranks first in NASA science funding, company-funded aerospace R&D, and space-technology venture capital;...
California’s economic dominance under Governor Newsom
News Eight years of economic progress have strengthened California's global standing and laid the foundation for its next chapter What you need to know: Under Governor Gavin Newsom’s leadership, California has added more than $1.5 trillion to its economy, strengthened...
Look for the Label: Governor Newsom visits Central Valley, highlights state’s manufacturing might with new Made in California program
News Governor Newsom presents advanced-manufacturing business with new Made in California license What you need to know: Governor Newsom visited the Central Valley and met with an advanced manufacturing company that recently joined California’s new statewide labeling...
