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 over $2 million in funding for small businesses innovating in the Golden State
News What you need to know: 37 small businesses were awarded more than $2 million in funding, helping to spur the next generation of great California innovators. SACRAMENTO – Today, Governor Newsom announced more than $2 million in funding for 37 startups across...
California sues Trump over his unlawful use of tariffs — again
News What you need to know: California and partner states have filed a lawsuit to stop President Trump’s global tariffs — an illegally imposed tax on all Americans. SACRAMENTO – Governor Gavin Newsom and California Attorney General Rob Bonta today, along with a...
California has stopped more than $6 billion in tax fraud in the last 8 years
News What you need to know: California has prevented more than $6 billion in tax fraud in the last 8 years, and $579 million in the last year alone — protecting the state’s equitable tax system and funding for schools, public safety, and vital state services. ...
