In his first term, Gov. Newsom raised California’s corporate revenues by 147% and the market capitalization by 117%. California also surpassed Germany to become the fourth-biggest economy in the world.
While addressing Californians days after his victory, Gov. Newsom said that his Democrat-led government would continue to invest in ESG (environmental, social, and governance). The method of investing has attracted the interest of forward-thinking people, including institutions and governments, in recent years. By continuing his investment in ESG, Gov. Newsom will continue prioritizing sustainability, free enterprise and capitalism, investment in renewable energy and industries/technologies of the future, climate actions, and job creation, among others.