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
California Film & TV Tax Credit powers 55 major award wins during Governor Newsom’s Administration
News What you need to know: Productions supported by California’s Film and Television Tax Credit Program have earned 55 major entertainment awards and generated $1.9 billion in economic activity, since the start of the Newsom Administration, reinforcing the state’s...
California’s nation-leading aerospace industry powers NASA’s historic Artemis II Mission
News What you need to know: With contributions from more than 500 companies and 16,000 workers, California is the largest state-level contributor to NASA’s Artemis II. As the space agency sends astronauts on a historic lunar mission, California’s nation-leading...
As Trump rolls back protections, Governor Newsom signs first-of-its-kind executive order to strengthen AI protections and responsible use
News What you need to know: While the federal government dismantles contracting standards and removes basic protections for Americans, Governor Gavin Newsom today issued an executive order to explore stronger AI standards for state procurement — ensuring that...
