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
ICYMI: California to host X Games for the next three years
News What you need to know: California’s capitol region will welcome the 30th summer X Games in 2025, a competition in extreme sports that draws professional athletes from around the world. SACRAMENTO – Last week, the X Games named Sacramento as their summer host for...
California advances GenAI projects to streamline state work on housing, budget, and jobs
News Invites AI innovators to submit formal proposals to test solutions What you need to know: California is advancing its first-in-the-nation work to use GenAI solutions to help state agencies streamline housing, budget, and employment work. Three state projects...
More jobs, more manufacturing coming to California
News What you need to know: Bosch to create up to 1,700 construction, manufacturing, engineering, and research and development jobs in Roseville, thanks to CHIPS and Science Act funding. SACRAMENTO - Today, the Biden-Harris Administration announced that the U.S....
