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: Governor Newsom congratulates California Nobel laureates, underscoring the state’s global dominance in science and innovation
News What you need to know: California's world-leading research institutions and innovators continue to shape global scientific progress, with five California university-affiliated scholars among this year’s Nobel laureates. SACRAMENTO – Five California scientists...
California to provide critical support for workers hurt by Trump’s failure, federal shutdown
News What you need to know: California is providing workers with critical support and relief as Trump turns his back on labor amid his federal shutdown and ongoing economic failures. SACRAMENTO — As Trump’s federal shutdown continues for the 10th day and counting, and...
Governor Newsom signs bipartisan package of bills reforming California’s insurer of last resort
News What you need to know: Governor Newsom signed legislation to improve the state’s insurer of last resort, the FAIR Plan, a move that will strengthen California’s home insurance market. SACRAMENTO – Governor Gavin Newsom today announced he signed a bipartisan...
