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 signs consumer protection bill cracking down on veteran fraud and abuse, launches tax cut for vets
News What you need to know: Governor Newsom signs legislation to crack down on predatory practices targeting veterans and service members navigating the complex federal benefits system. SACRAMENTO – Governor Gavin Newsom today signed landmark consumer protection...
Governor Newsom’s statewide Jobs First investments created more than 61,000 jobs, trained more than 142,000 workers in 2025
News What you need to know: Governor Newsom is driving historic, locally-informed economic growth through the California Jobs First initiative, investing nearly $1.6 billion in 2025 across all 13 economic regions and creating tens of thousands of new jobs, sparking...
California hosts Super Bowl LX and other upcoming events, setting gold standard for sports and bringing $18 billion+ in economic benefits
News What you need to know: This Sunday, California will host Super Bowl LX at Levi’s Stadium, welcoming approximately 90,000 fans for one of the world’s largest sporting events. The championship game is part of a broader lineup of major events expected to create...
