It's part of a statewide celebration of the arts and the California Arts Council, a state agency that's been supporting the creative economy for five decades.
"We absolutely know that creativity sparks imagination," said Danielle Brazell, executive director of the CAC.
"You generate economic activity, you excite people, you get people to go out and you create social connections," Brazell said.
Ten artists and art organizations were honored at this year's ceremony, including actor Cheech Marin, who is an advocate for supporting the arts.
The celebration comes amid uncertainty over funding for the arts due to budget deficits and politics.
The California Arts Council says it's working to continue generating money for art programs by leveraging federal dollars and encouraging public and private investments.
Some of the other honorees this year include music producer David Geffen and the San Francisco Magic Theater.
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