California Governor's Race Tightens, Sparking Concern

With Governor Gavin Newsom termed out after serving since 2019, the 2026 California governor's race is the first with no incumbent on the ballot since 2010. This open field has led to a crowded and unpredictable primary scheduled for June 2, 2026. Recent polling shows a statistical tie among the top five candidates, spanning both parties. A February 2026 Public Policy Institute of California poll placed Republican commentator Steve Hilton at 14%, followed by Democrat Katie Porter at 13%, Republican Sheriff Chad Bianco at 12%, Democrat Eric Swalwell at 11%, and Democrat Tom Steyer at 10%. An Emerson College poll from the same month showed a similar split, with Hilton at 17% and Bianco and Swalwell tied at 14%. The fragmented support among nine Democratic candidates has raised the possibility of two Republicans advancing to the general election under California's top-two primary system. For the tech sector, the race introduces significant variables. The industry has actively lobbied against restrictive AI regulations in Sacramento, with some firms threatening to relocate operations. The policy direction of the next governor on issues like data privacy, taxation, and the gig economy remains a central concern for tech leaders. Cost of living is a dominant issue for voters, with 53% saying they have considered leaving the state for that reason. Candidates' platforms on housing and affordability will be heavily scrutinized, impacting tech firms' ability to attract and retain talent in the Bay Area and beyond. Specific candidates have ties to the tech world. Billionaire philanthropist and former presidential candidate Tom Steyer has poured over $27 million of his own fortune into his campaign. Meanwhile, San Jose Mayor Matt Mahan is courting Silicon Valley support, a move his Democratic rivals may use against him amid growing public skepticism of the industry.