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 awards $15 million to support economic growth in tribal communities across the state
News What you need to know: As part of California Jobs First, the state is awarding $15 million through the Regional Investment Initiative to support California Native American tribal partners in creating jobs and developing high-paying and fulfilling careers....
California awards over $15 million to apprenticeship programs connecting youth to high-paying jobs
News What you need to know: California is providing $15 million in new apprenticeship funding for youth for new high-paying opportunities that do not require a traditional education or four-year degree. SACRAMENTO – Governor Gavin Newsom today announced that 29 youth...
Governor Newsom announces 48 new projects to film in California thanks to the state’s Film & Television Tax Credit Program
News What you need to know: Thanks to California’s Film and Television Tax Credit Program, 48 projects — including 43 independent features — will be made in California, projected to generate $664 million in economic activity and employ over 6,500 cast and crew across...
