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 advances Jobs First agenda, expands career pathways and worker protections statewide
Dec 31, 2025
News What you need to know: This year, California continued to support hundreds of thousands of workers through statewide apprenticeship programs and job opportunities and worked to get tens of millions of wages back into the pockets of hardworking Californians from...
Lights, camera, action! Governor Newsom announces 28 new films coming to California, set to boost local economies
Dec 17, 2025
News The latest collection of productions filming in California includes a highly anticipated project from Academy Award winning director Ang Lee, and a Snoop Dogg-produced biopic What you need to know: 28 films have received awards in the latest round of the state’s...
Governor Newsom launches new initiatives to partner with tech policy experts and accelerate responsible AI in state government
Dec 16, 2025
News What you need to know: Governor Newsom today launched several new initiatives establishing new partnerships with the best and brightest tech policy experts from across the country, accelerating the integration of AI into state government, and deploying Poppy,...