Gov. Newsom announces major statewide economic initiative with targeted support to help LA's recovery
Gov. Gavin Newsom announced the California Jobs First Economic Blueprint Wednesday afternoon aimed at helping workers across the state, with targeted support to expedite Los Angeles' economic recovery.
Newsom's announcement is a major statewide economic initiative that includes new funding separate from the already existing blueprint that was introduced three years ago. The initiative takes a bottom-up economic vision to guide the state's investments for growth, innovation, and access to good-paying jobs.
The governor's office has been working to ensure economic wealth is shared equally throughout the 13 regions of the state and has invested $287 million since 2022. Newsom announced more than $245 million to support ready-to-go projects, economic development projects for California Native American tribes, recovery in LA and new job programs.
To aid in LA's rebuilding and recovery efforts, $10 million was awarded on behalf of the state, LA Rises, Maersk and APM Terminals to the LA Region Small Business Relief Fund. The fund is a grant program run by the city and the county that targets rebuilding fire-impacted communities.
Los Angeles Jobs First Collaborative received $3 million in its recovery efforts for the region.
Moving forward, the statewide initiative will focus on the strengths and needs of regions to continue to advance job creation and the growth of good-paying jobs, Newsom's office said.
