Gavin Newsom: “In 2025, California attracted nearly two thirds of all…”

“Since 2019, the state's economy grew from $3 trillion to four and a quarter trillion dollars. That's a roughly 40% growth. Growth. No other jurisdiction, not one in the United States came close. In 2025, California attracted nearly two thirds of all venture capital invested in America and nearly 40% of all venture capital invested worldwide. California, we dominate. We have no peers. And California thrives because we've laid the foundation for one of the healthiest economies in the world. With intentionality.” (02:00–02:10)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.