Gavin Newsom: “Since 2019, the state's economy grew from $3 trillion to…”

“Not just this year, but through June of 2028. For the next two years, California will have a $0 deficit. We're leaving the state in good hands for the next governor. 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.” (01:47–01:56)

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.