News Summary
Governor Gavin Newsom has declared May 2025 as ‘Small Business Month’ in California, recognizing the crucial role small businesses play in the state’s economy. With over 4.2 million small businesses, which comprise more than 99.9% of all businesses and provide nearly 50% of the private sector workforce, this month aims to celebrate and support entrepreneurs. Initiatives like the Small Business Technical Assistance Program and ambitious procurement goals aim to foster growth and innovation, emphasizing California’s commitment to small business sustainability and inclusivity.
California
Governor Gavin Newsom has officially proclaimed May 2025 as “Small Business Month” in California. This announcement underscores the vital role small businesses play in the state’s economy, as California boasts the largest number of small businesses in the United States, a staggering total of over 4.2 million.
Small businesses in California make up more than 99.9% of all businesses and are essential to employment, providing jobs for nearly 50% of the state’s private sector workforce. The proclamation highlights California’s leadership in business innovation, confirming its position as the nation’s top state for start-ups.
In 2024, small businesses in the state received over 55% of the nation’s venture capital, demonstrating the robust financial support available for entrepreneurs. California is also known for its technological advancements, producing the highest number of patents per capita and leading in research and development efforts.
The manufacturing sector in California is thriving, with its output exceeding the national rate by 83% since the late 1990s. This sector includes a diverse range of industries such as aerospace, computers, electronics, and the increasingly important field of zero-emission vehicles, all of which contribute significantly to the economic landscape.
To promote the growth and sustainability of small businesses, California has set ambitious procurement spending goals. Through Assembly Bill 2019, the state is targeting 25% of procurement spending to small businesses. This initiative aims to enhance support for entrepreneurs and create diverse opportunities within various sectors.
The state has also launched the Small Business Technical Assistance Program, designed to help businesses start, grow, and develop resilience in an ever-changing market. Additionally, the Accelerate California Inclusive Innovation Hubs initiative aims to foster a more inclusive innovation economy by supporting emerging technology sectors and underserved communities.
California’s international engagement is exemplified by the more than 60,000 small businesses involved in exporting goods to global markets, further integrating the state into the world economy. The declaration from Governor Newsom emphasizes the importance of inclusivity, empowering all Californians to realize their entrepreneurial aspirations.
In line with this commitment, California is actively working to address challenges such as unlawful tariffs that adversely affect local businesses. This proactive approach reflects the state’s dedication to ensuring the success and growth of small businesses.
The formal declaration of Small Business Month was signed on May 15, 2025, by Governor Gavin Newsom with the attestment of Shirley N. Weber, Ph.D., the Secretary of State. This proclamation not only recognizes the tremendous contributions of small businesses to California’s economy but also highlights ongoing efforts aimed at promoting their success and resilience.
In summary, May 2025 promises to be a month of celebration and support for small businesses in California, reflecting the state’s commitment to fostering an environment where entrepreneurship can thrive.
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Author: STAFF HERE BEVERLY HILLS WRITER
The Beverly Hills Staff Writer represents the experienced team at HEREBeverlyHills.com, your go-to source for actionable local news and information in Beverly Hills, Los Angeles County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rodeo Drive Concours d'Elegance, the Beverly Hills artSHOW, Concerts on Canon, and holiday celebrations throughout the city. Our coverage extends to key organizations like the Beverly Hills Chamber of Commerce and Visit Beverly Hills, plus leading businesses in luxury fashion, hospitality, and entertainment that drive the local economy. As part of the broader HERE network, including HERELosAngeles.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERECostaMesa.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
