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 announces 35 new films coming to California as independent filmmaking surges and iconic franchises return
News 28 independent films join major studio projects, including Ice Cube’s Last Friday What you need to know: 35 films have received awards in the latest round of the state’s expanded Film and Television Tax Credit Program, highlighting a boom in independent...
California’s economy continues to dominate — topping $4.5 T in economic output, and remains the world’s fourth largest economy
News The Golden State is growing wages and growing the economy What you need to know: New federal data shows California has surpassed $4.5 trillion in economic production, dominates across sectors, and is a leader in increasing wages and salaries. SACRAMENTO — While...
At the top of the Golden Gate Bridge, Governor Newsom signs his final bill — investing in California’s next generation of innovation
News What you need to know: Standing at the top of the Golden Gate bridge, Governor Newsom signed the last bill of the 2025-26 regular legislative session — putting a $7.5 billion research bond before voters to invest in the scientists, universities and breakthroughs...
