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Gavin Newsom: “More Fortune 500 companies in the state of California than…”

Featuring: Gavin Newsom, Democratic | Governor of California

California Governor's Proposal to Expand Film Tax Credits

Published October 27, 2024 | Video Starts at 03:50

We're grateful because this state is back on track. Record breaking tourist numbers last year. Population in this state is growing. You saw, first time in all, over a decade, More Fortune 500 companies in the state of California than any other state in the nation. That's the first time since 2014 the state is back, more resilient than ever. And that includes, you may have seen some of the finance numbers, that revenue is back up. (03:50–03:56)

CLAIM

Asserts that California has more Fortune 500 companies than any other state.

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.

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Gavin Newsom

“Population in this state is growing.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 03:46-03:48
“Four out of 10 people have never been to California in the last survey said they came to California because they saw it on screen.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 05:27-05:34
“UCLA's own economic forecast in the state of California...reinforce[s] the crises, legitimate crisis here as it relates to the entertainment…”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 00:52-01:02
“We wanted to extend it to create some more certainty...for an additional five years, was due to expire in 2025.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 01:38-01:46
“We put this new marker out, $750 million.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 02:19-02:22
“It definitely puts us Mayor above New York.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 02:34-02:39
“Record breaking tourist numbers last year.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 03:44-03:47
“Revenue is back up.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 04:07-04:10
“It's been acrimonious, been difficult.”
California Governor's Proposal to Expand Film Tax Credits | Uploaded October 27, 2024 | 07:44-07:47