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 advances efficiency efforts, announces five new projects completed to improve state government
Nov 21, 2025
News California Breakthrough group helps the state deliver new efficiency results What you need to know: Governor Newsom today announced five new projects the state is delivering to make California’s government better — as a result of the Governor’s work to identify...
Governor Newsom announces next round of film and TV tax credits, hit series Baywatch returning to California
Nov 20, 2025
News 17 television projects selected in latest round of expanded Film & Television Tax Credit Program, set to generate $1.2 billion in statewide economic activity What you need to know: Governor Newsom is announcing that 17 television projects — including the...
Governor Newsom announces nearly $100M to accelerate California’s manufacturing industry and drive job creation
Nov 17, 2025
News What you need to know: The state is awarding nearly $100 million in California Competes Tax Credits to nine companies expanding headquarters and manufacturing operations, creating thousands of new jobs and spurring more than $370 million in capital investment...