Jobs and the Economy

From the agricultural plains of the Central Valley to the beautiful Pacific coastline and everything in-between, there is no better place to live, work or invest than California.

The importance of California's economy to the United States is unquestioned. As a share of the nation's whole, California accounts for 14 percent of the nation's GDP and 11 percent of the nation's exports.

California's dominant economy is no accident and is the direct result of steadfast commitments to educating our workforce and protecting our environment - commitments the Lieutenant Governor fights to protect.

The Lieutenant Governor, as a business owner having grown his small business into a thriving enterprise of over 20 businesses that have created over a thousand jobs, understands business' need for coherent government policies. Since assuming office, the Lieutenant Governor has published several economic plans to guide the state's economic development strategies.

Lt. Governor Gavin Newsom unveiled his Economic Growth and Competitiveness Agenda for California in 2011, articulating a vision for success in building the Next Economy in the great state of California.

The agenda is guided by a set of principles that must be agreed upon by stakeholders at all levels and does not seek to recreate the past and restore the jobs lost to global competition or to revive the debt-fueled follies of the past. It embraces a shift from a consumption-based economy to a production economy focused on global trade.

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Five years after Lt. Governor Newsom published California's first statewide economic plan in over a decade, a new review has found that over 75-percent of its original recommendations were implemented or partially implemented.

The Progress Review recognizes the leadership of Governor Brown and legislative leaders in steering the 'California Comeback' while sounding a cautionary note on current inequalities and future economic challenges facing the state.

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In collaboration with Lieutenant Governor Gavin Newsom, the Committee for Economic Development (CED) released Boosting California's Postsecondary Education Performance. The report examines the state of California's higher education framework and addresses issues surrounding postsecondary education, including the major demographic shift in schools and working Californians; state-based opportunities in education and training; projected shortages of workers with education and training beyond high school; and the financial impediments for students and families.

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