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
ICYMI: LA’s rebuilding and recovery efforts continue with support from Governor Newsom and LA Rises
News What you need to know: Aided by $10 million from the State of California, LA Rises, Maersk and APM Terminals, LA-area grant program awards $2.7 million to fire-impacted small businesses, nonprofits and workers to navigate recovery and rebuilding. LOS ANGELES –...
California’s economy forges ahead: Pacific Steel breaks ground on state’s first new steel mill in 50 years
News What you need to know: Pacific Steel Group’s Mojave Micro Mill will be the first steel mill built in California in the last five decades, bringing economic growth to Kern County and revolutionizing the industry with first-of-its-kind zero carbon emissions steel —...
Governor Newsom: “Tariffs are taxes on American families”
News SACRAMENTO — Governor Gavin Newsom today issued the following statement regarding the Trump Administration’s action to impose tariffs on goods from Canada, Mexico, and China: “Tariffs are nothing more than a tax on hardworking American families — driving up the...
