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
Governor Newsom convenes tech industry leaders to advance government efficiency and effectiveness
News What you need to know: Governor Newsom recently met with tech innovators to work together to continue their work to make government more efficient, engaged, and effective. SAN FRANCISCO — Governor Newsom’s California Breakthrough Advisory Group — a preeminent...
Governor Newsom visits Space Beach and highlights California’s aerospace dominance
News What you need to know: Governor Gavin Newsom visited Long Beach, a hub for aerospace and space technology companies that showcase California’s leadership in innovation and advanced manufacturing. California is home to one-third of the nation’s space technology...
ICYMI: California’s economy continues to outpace the nation, new report finds
News What you need to know: A new Public Policy Institute of California report issued earlier this month reiterated what the world already knows, that California is the nation-leading economy dominating with a $4.3 trillion GDP, nearly $3 million jobs created since...
