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
Indie films, other productions get new round of state incentives
News What you need to know: 19 projects — including 15 independent features — to spend $284.4 million, employ over 3,800 cast and crew thanks to California’s film and soundstage tax credit programs. Incentives helped keep the new, big-budget TV production “Suits LA”...
After raising minimum wage, California has more fast food jobs than ever before
News What you need to know: Since the $20 an hour minimum wage law went into effect, California has added 11,000 new fast food jobs. As of July, California now has 750,500 fast food jobs – the most in state history. SACRAMENTO — According to new state and federal...
California created nearly one in five of the nation’s new jobs
News What you need to know: California created 21,100 new jobs in July, nearly 1 out of every 5 jobs that the country added last month. July also saw the highest-ever number of fast food jobs in California history. SACRAMENTO — California’s job expansion has continued...
