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
Gobernador Newsom anuncia un presupuesto revisado que elimina el déficit de California, mantiene las inversiones para las familias trabajadoras, el cuidado de salud, la educación y las empresas
News Lo que necesita saber : No hay déficit este año – ni el próximo año. La propuesta del Gobernador elimina el déficit estructural, reduciéndolo a $0 hasta julio de 2028, mientras invierte en el cuidado de salud, educación y servicios esenciales para los...
California remains the nation’s top travel destination, tourism spending climbs to a record high $158.9 billion
News What you need to know: It is no surprise that everyone wants to come visit the Golden State. From the majestic redwood trees in the north to the Hollywood studios in the south, and from the pristine coastline in the west to the towering Sierra Nevada mountains in...
Governor Gavin Newsom welcomes new members to the Governor’s Council of Economic Advisors
News SACRAMENTO – Governor Gavin Newsom today announced new leadership and members on the Governor’s Council of Economic Advisors — a distinguished group of economic scholars and experts who advise the Governor and the Department of Finance on a wide range of economic...
