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
Film industry and labor leaders celebrate Governor Newsom’s expanded California Film & Television Tax Credit Program as filming grows in the Golden State
News What you need to know: Industry leaders, labor partners, studio partners and independent filmmakers across California are celebrating Governor Newsom's expanded Film & Television Tax Credit Program as new data confirms growing momentum for production in the...
Governor Newsom launches Engaged California statewide for the first time to give all Californians a stronger voice in AI policy
News What you need to know: All Californians are invited to participate in California’s digital democracy effort, as Governor Newsom launches Engaged California statewide to give Californians a stronger voice in AI policy and assess its impact on the state’s economy...
Governor Newsom announces $1B in private investment generated through California Competes Tax Credits, driving business expansion in key industry sectors
News What you need to know: As part of the California Jobs First initiative, the state is awarding California Competes Tax Credits to 17 companies to support business expansion across aerospace & defense, high-tech, clean economy, manufacturing and creative...
