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 calls FCC Chair Brendan Carr a “disgrace,” says California will lead more antitrust enforcement to protect consumers from Trump’s rising costs
Mar 24, 2026
News What you need to know: As the Trump Administration retreats from enforcing antitrust laws and approves harmful corporate mergers, Governor Newsom today slammed FCC Chairman Brendan Carr as a “disgrace” for advancing the Nexstar/Tegna merger — a deal that would...
El Gobernador Newsom amplía la educación financiera en las escuelas y el acceso a la creación de riqueza para las mujeres.
Mar 18, 2026
News En asociación con la Primera Pareja Siebel Newsom, firma una orden ejecutiva para ampliar el acceso de las mujeres al capital y a oportunidades de creación de riqueza Lo que necesitas saber: California está fortaleciendo la educación financiera y ampliando las...
Governor Newsom expands financial literacy in schools and wealth-building access for women
Mar 18, 2026
News In partnership with First Partner Siebel Newsom, signs executive order to expand women’s access to capital and wealth-building opportunities What you need to know: California is strengthening financial literacy and expanding pathways to wealth. Today, Governor...