FACTS NOT ON FOX NEWS: California attracts more startup investment than 49 states combined
Since Governor Newsom took office, California’s annual GDP has grown by more than $1.18 trillion, reaching $4.25 trillion in 2025. First-quarter 2026 economic output reached an annualized $4.4 trillion, following annual GDP gains exceeding $200 billion in each of the previous two years.
As the world’s fourth largest economy, California continues to lead the nation where it matters most — creating new businesses, attracting venture capital, driving technological innovation, expanding advanced manufacturing, growing high-tech industries, and producing more than any other state. In fact, The Golden State continues to be: #1 state for new business starts, #1 state for manufacturing, #1 state for high-tech business, #1 state for agriculture.
California also remains home to more businesses than Texas or Florida, and continues to be America’s start up capital — with more than 4.3 million small businesses employing 7.6 million Californians.
In the first quarter of 2026, California’s economy grew at a 3.7% annualized pace — its best quarterly growth ranking since 2013 and one of the fastest growth rates in the nation. Meanwhile, Texas grew just 0.9% and Florida 1.6% during the same period.
When it comes to job creation during the first quarter, California added about 131,500 jobs over the previous year — the largest increase of any state. California’s workforce posted a 4.2% productivity increase in 2025, making the Golden State the single largest contributor to national productivity growth and accounting for roughly 14% of total U.S. economic output, despite being home to only 12% of the U.S. population.
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