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
As a global economic leader, California remains a stable, trusted partner for international trade and investment. Here’s why.
News What you need to know: As Washington, D.C. keeps changing the rules, California is standing strong as a steady and reliable international economic partner. SACRAMENTO – As President Trump’s economic agenda disrupts the national economy, sends markets spiraling,...
ICYMI: Bloomberg News: “California keeps making the U.S. great — again.”
News California Just a Nevada-Sized Economy Away from Overtaking Germany and Japan as World’s No. 3 Economy— Bloomberg News SACRAMENTO — As President Trump threatens the U.S. economy with reckless tariffs and rising uncertainty, Governor Gavin Newsom announced new...
Governor Newsom directs state to pursue strategic relationships with international trading partners; urges exemptions of California-made products from tariffs
News “California is not Washington, D.C." What you need to know:As President Trump’s tariffs take effect, Governor Gavin Newsom is pursuing new strategic partnerships with international trading partners while calling for California-made products to be excluded from...
