07/22/2025 | Press release | Distributed by Public on 07/22/2025 11:21
What you need to know: California is cementing its role as a global economic powerhouse - new data highlights the Golden State's leadership in innovation, business growth, and AI readiness.
SACRAMENTO - California continues to dominate as an economic leader nationwide. As the fourth largest economy in the world, California is fostering growth in sectors across the board, creating jobs and spurring economic activity.
"California is where a diverse class of dreamers and doers meet more access to venture capital funding, more Fortune 500 companies, and more business starts than anywhere else in the nation. That is how we regularly punch above our weight in economic success on a global scale."
Governor Gavin Newsom