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
World-leading economy and climate solutions: California’s emissions drop in 2023, driven by clean transportation
News What you need to know: As leaders from throughout the world head to COP in Brazil, California will arrive with real results, with the latest data showing California’s climate programs continuing to push statewide greenhouse gas (GHG) emissions down while the...
Governor Newsom urges the Supreme Court to reject Trump’s illegal tariff grift
News “Trump associates are profiting from the uncertainty and pain of American citizens” What you need to know: As the economy continues to flounder and a recession looms due to Trump’s failed economic policies, Governor Newsom again urged the Supreme Court to stand...
ICYMI: Coreshell Technologies wins $1 million grand prize at Startup World Cup Grand Finale, highlighting California’s entrepreneurial leadership
News What you need to know: Coreshell Technologies, a San Leandro-based EV battery innovator, and SCALE Network participant, claimed the top prize at the Startup World Cup Grand Finale, showcasing California’s startup leadership on the global stage. SACRAMENTO –...
