Governor Gavin Newsom on Wednesday expressed support for legislation that would extend California’s film and television tax credit program through 2030.

The expansion through Senate Bill 485, drafted by Sen. Anthony Portantino, D-La Cañada Flintridge, would provide $1.65 billion in tax creditsor $330 million per year.

Newsom’s endorsement serves as a boost to production companies that have recently moved to other states with larger tax incentive programs. But with top production companies such as Netflix, Disney, Warner Bros. With Discovery, NBC Universal and Apple facing pressure to protect pregnant employees in states where abortion is illegal, Newsom hopes to attract the companies.

“As other states roll back people’s rights, California will continue to protect fundamental freedoms for all and welcome businesses that stand up for their employees,” he added. Newsom said in a statement. “Extending this program will help ensure that California’s world-class entertainment industry continues to drive economic growth with good jobs and a diverse and inclusive workforce.”

In a tweet, Newsom made a direct appeal to businesses: “Time to return to the entertainment capital of the world. Where we believe in freedom. A woman’s right to make her own decisions. And support our LGBT community.

Los Angeles Mayor Eric Garcetti praised the tax credit program on Wednesday, tweeting that he “fought hard” for it because “Angelenos are the heart of the entertainment industry and deserve the opportunity to find good jobs here at home.”

“In Los Angeles, the entertainment industry is more than glitz and glamour; it’s a foundation of our middle class,” Garcetti said.

The movie tax credit program has created more than 110,000 jobs, generating $24 in economic activity for every dollar invested, according to a March study by the California Film Commission.

SB 485, introduced last year, passed the state Senate in January and was scheduled to appear before the Assembly Appropriations Committee on Wednesday.

“California is the entertainment capital of the world and it is exciting and appropriate for the state to invest in maintaining and expanding its impact,” Portantino said in a statement.