Business
California Economy is Leading the Nation, Newsom Announces
California has the largest state economy in the United States with a nominal Gross domestic product (GDP) of approximately $3.9 million in 2023, reported the U.S. Bureau of Economic Analysis. Last year, the state had a growth rate of 6.1%, making it the fifth-largest economy in the world for the seventh consecutive year, the economic analysts stated. The state experienced increases in the tourism industry, population growth, fast food jobs, and profits for Fortune 500 companies, Gov. Gavin Newsom announced last week.
By Bo Tefu, California Black Media
California has the largest state economy in the United States with a nominal Gross domestic product (GDP) of approximately $3.9 million in 2023, reported the U.S. Bureau of Economic Analysis.
Last year, the state had a growth rate of 6.1%, making it the fifth-largest economy in the world for the seventh consecutive year, the economic analysts stated. The state experienced increases in the tourism industry, population growth, fast food jobs, and profits for Fortune 500 companies, Gov. Gavin Newsom announced last week.
“There’s only one state with a dream – the California Dream. Built on opportunity, promise, and ingenuity, California is the nation’s economic driver and the place people across the globe look to see what’s possible,” said Newsom in a statement his office released on July 15.
“That’s why we continue to grow businesses, expand our economy, break records, and create thousands of jobs across the state,” he said.
The governor’s office released state data indicating that California had the largest market share of tourism in the country. In the previous year, tourists spent over $150 billion in the state, a 5.6% increase in travel spending since 2022. Also, the tourism industry created more than 64,000 jobs in 2023.
According to the California Department of Finance, the state’s population increased by 67,000 people due to legal foreign immigration and a higher birth rate.
State and federal employment data indicated that California created over 10,000 jobs in the fast-food industry since Gov. Newsom signed a law that raised fast food minimum wage statewide.
Activism
Oakland Post: Week of January 8 – 14, 2025
The printed Weekly Edition of the Oakland Post: Week of January 8 – 14, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland’s Black Chamber of Commerce Awards 63 Businesses $1,000 Micro Grants
“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.” The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.
By Oakland Post Staff
Last week, the Oakland African American Chamber of Commerce (OAACC) announced the distribution of $63,000 in microgrants to 63 member businesses. These $1,000 grants, generously sponsored by Supervisor Nate Miley, Amazon, and the Tides Foundation, reflect the organization’s goals and unwavering commitment to empowering Black-owned businesses in Oakland.
“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.”
The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.
As part of this initiative, OAACC leaders are encouraging all grant recipients to inspire their communities to support Oakland-based businesses by shopping locally, sharing referrals, and following their social media pages.
For more information about the OAACC and the organization’s initiatives, please visit www.oaacc.org.
Activism
Port of Oakland to Host January Meeting for Interfaith Council of Alameda County
State, county, and city officials have been invited to join ICAC board members and the community to explore effective strategies for addressing these interconnected challenges across Alameda County, including ICAC’s Safe Car Park program expansion and efforts to convert trailers into shelter for the unhoused.
Special to The Post
The Interfaith Council of Alameda County (ICAC) will hold its first meeting of 2025 on Thursday, Jan. 9, at the Port of Oakland, located at 530 Water St. Hosted by the president of the Port of Oakland, the meeting will run from 1-2:30 p.m. and will focus on pressing community issues including environmental justice, housing solutions, and crime and safety.
State, county, and city officials have been invited to join ICAC board members and the community to explore effective strategies for addressing these interconnected challenges across Alameda County, including ICAC’s Safe Car Park program expansion and efforts to convert trailers into shelter for the unhoused.
All are welcome and encouraged to attend and contribute to this important discussion. For more information, visit interfaithAC.org.
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Oakland Post: Week of January 8 – 14, 2025
Supreme Court Decision Confirms Convicted Felon Will Assume Presidency
Barbara Lee Launches Campaign for Mayor of Oakland
Who Wants to Be the Next Elected Mayor of Oakland?
Oakland NAACP President Stands on the Frontlines for Equity
‘In 2024, We Had a Decrease in Shootings and Killings,’ Says Oakland Mayor Nikki Bas and Ceasefire Leaders
U.S. Rep. Barbara Lee Remembers Jimmy Carter’s Sunday School Lessons
Oakland’s Black Chamber of Commerce Awards 63 Businesses $1,000 Micro Grants
How Head Start Installs Confidence for Two Generations
Port of Oakland to Host January Meeting for Interfaith Council of Alameda County
Expect The Worst? Political Scientists Have a Pessimism Bias, Study Finds
UC Berkeley’s 2024 Winter Commencement: A Day of Reflection, Celebration and Advice
IN MEMORIAM: Jimmy Carter, 39th President and Global Humanitarian, Dies at 100
January Is Mental Wellness Month
Book Review: Building the Worlds That Kill Us: Disease, Death, and Inequality in American History
Books for Ghana
Post News Group to Host Second Town Hall on Racism, Hate Crimes
Promise Marks Performs Songs of Etta James in One-Woman Show, “A Sunday Kind of Love” at the Black Repertory Theater in Berkeley
Glydways Breaking Ground on 14-Acre Demonstration Facility at Hilltop Mall
Butler, Lee Celebrate Passage of Bill to Honor Congresswoman Shirley Chisholm with Congressional Gold Medal
Delta Sigma Theta Alumnae Chapters Host World AIDS Day Event
‘Donald Trump Is Not a God:’ Rep. Bennie Thompson Blasts Trump’s Call to Jail Him
Oakland Post: Week of December 11 – 17, 2024
Landlords Are Using AI to Raise Rents — And California Cities Are Leading the Pushback
Living His Legacy: The Late Oscar Wright’s “Village” Vows to Inherit Activist’s Commitment to Education
In ‘Affrilachia: Testimonies,’ Puts Blacks in Appalacia on the Map
AC Transit Holiday Bus Offering Free Rides Since 1963
California, Districts Try to Recruit and Retain Black Teachers; Advocates Say More Should Be Done
Oakland Post: Week of December 4 – 10, 2024
FILM REVIEW: The Six Triple Eight: Tyler Perry Salutes WWII Black Women Soldiers
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
AMG GLC43: The Perfect Blend of Power and Practicality
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Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
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How Will the Outcome of This Election Affect the Auto Industry?
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