{"id":351993,"date":"2026-07-25T06:44:12","date_gmt":"2026-07-25T06:44:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/351993\/"},"modified":"2026-07-25T06:44:12","modified_gmt":"2026-07-25T06:44:12","slug":"californias-economy-isnt-just-bigger-than-texas-and-florida-its-growing-faster-too","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/351993\/","title":{"rendered":"California\u2019s economy isn\u2019t just bigger than Texas and Florida \u2014 it\u2019s growing faster, too"},"content":{"rendered":"

California\u2019s competitors like to market themselves as low-tax success stories, but for millions of working Americans, the reality is very different. In 16 states \u2014 including Texas and Florida \u2014 the lowest-income residents\u00a0pay a larger share of their income in total state and local taxes<\/a>\u00a0than California\u2019s wealthiest 1%.\u00a0<\/p>\n

World-leading economy<\/p>\n

Since Governor Newsom took office, California\u2019s annual GDP has grown by more than\u00a0$1.18 trillion, reaching\u00a0$4.25 trillion in 2025. First-quarter 2026 economic output reached an annualized\u00a0$4.4 trillion, following annual GDP gains exceeding $200 billion in each of the previous two years.\u00a0<\/p>\n

As the world\u2019s fourth largest economy, California continues to lead the nation where it matters most \u2014 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:\u00a0#1 state for new business starts<\/a>,\u00a0#1 state for manufacturing<\/a>,\u00a0#1 state for venture capital funding<\/a>,\u00a0#1 state for high-tech business<\/a>,\u00a0#1 state for agriculture\u00a0<\/a><\/p>\n

California also remains home to\u00a0more businesses than Texas or Florida\u00a0and continues to be America\u2019s start up capital \u2014 with more than\u00a04.3 million small businesses\u00a0employing\u00a07.6 million Californians.<\/p>\n

When it comes to job creation during the first quarter, California added about\u00a0131,500 jobs\u00a0over the previous year \u2014 the largest increase of any state. California\u2019s workforce posted a\u00a04.2% productivity increase\u00a0in 2025, making the Golden State the single largest contributor to national productivity growth and accounting for roughly\u00a014% of total U.S. economic output.
\u00a0<\/p>\n

\u201cSo-called rivals\u201d<\/p>\n

While California delivered its best quarterly growth ranking in 13 years, Texas tied for 36th nationally with 0.9% growth and Florida ranked 23rd at 1.6%. California also led the nation\u2019s four largest state economies in fourth-quarter 2025 dollar growth, adding $44.5 billion in economic output \u2014 more than New York, Texas, or Florida.
\u00a0<\/p>\n

California\u2019s recipe for success
\nDuring Governor Newsom\u2019s leadership, California has grown into a world-leading economy expanding from $3 trillion to a $4.25 trillion GDP, attracting nearly two-thirds of all U.S. venture capital investment,\u00a0building historic budget reserves<\/a>\u00a0\u2014 all while making record investments in Californians. Florida and Texas take some notes on some of the transformational investments California has made so far:\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"California\u2019s competitors like to market themselves as low-tax success stories, but for millions of working Americans, the reality…\n","protected":false},"author":2,"featured_media":351994,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-351993","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-florida","tag-florida-headlines","tag-florida-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/351993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=351993"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/351993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/351994"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=351993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=351993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=351993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}