California Governor Gavin Newsom has announced an $100 million investment to create thousands of jobs in the state.
The investment will go to nine companies across the state, which is expected to create 2,752 new jobs.
The companies, which work in areas like aerospace, electronics, clean technology, and food production, will each receive tax credits, which the Governor’s office says will allow them to create jobs that pay an average annual salary of $139,000, above the state average.
According to the Governor’s office, this will bring in $370 million in private investment.
“California’s global leadership in innovation and manufacturing continues to set us apart. Through programs like CalCompetes, we’re attracting companies and helping them grow successfully in our state, creating good-paying jobs and opportunities for Californians,” Governor Newsom said.