As part of his $100 billion California Comeback Plan, Gov. Gavin Newsom has proposed a $750 million investment to help Californians seize the opportunities that come with a changing economy.
With the Community Economic Resilience Fund, the Governor is proposing a robust investment program to provide direct support to regions across the state as they build strategies not only to recover from the economic hit of the COVID-19 pandemic but also lean into the transition to a carbon neutral economy.
The fund will provide direct planning grants to every region of the state to build collaboratives including business, labor, local and regional government, and community, to allow these stakeholders to work together to map regional strengths and opportunities and design Regional High Road Transition Strategies.
Building toward the High road includes investing in industries that will thrive in a carbon-neutral future, while creating high-quality jobs and clear pathways into those jobs, including for those often left out of traditional economic development strategies.
