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Investing in education, innovation and infrastructure to expand opportunity
- 1. Governor Martin O’Malley: Investingin Education, Innovation and Infrastructure to Expand Opportunity and Strengthen the Middle Class
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- 3. Education: Gov. O’Malley fundededucation at record levels and FY15’s funding was 36% more than FY07
- 4. Education: While 35 stateshave retreated on education funding during the Recession, we are one of only 13 states to increase funding per student. In fact, we’ve had the 4th highest increase in per student funding between FY08 and FY14 *The CBPP report did not include HI and IN due to different state funding structures in those two states.
- 5. Education: Since 2007, wehave done more to hold down the rising cost of college tuition than any other state in the nation. College Affordability
- 6. Education: *Maryland began transitioningto new college and career standards during the 2011-2012 school year Our investments are yielding results
- 7. Education: #1 Schools inAmerica for 5 straight years Best State in America for keeping college costs stable “A big part of Maryland’s success comes from a four- year tuition freeze, which Gov. Martin O’Malley implemented in 2007.” - Washington Post, June 2014 Our investments are yielding results
- 8. #1 in APsuccess in America for 8 years in a row Education: Our investments are yielding results
- 9. In 2014, Gov.O’Malley and Lt. Gov. Brown led the push for a $4.5 million expansion of high-quality Pre-K to 1,600 more Maryland students. The expansion lays the groundwork for a statewide expansion in coming years. Education:
- 10. Education: Gov. O’Malley hasinvested in innovative solutions to build a better education system for the future. The Digital Learning Innovation Fund is advancing teaching and learning by partnering with districts to equip schools with interactive digital learning and new technology. The Maryland Longitudinal Data System allows policymakers to track student cohort progress from Pre-K to higher education and into the workforce. The Higher Education Course Redesign supported new ways to teach courses by and new integration of technology in the classroom. The Early College Innovation Fund is advancing partnerships of local school systems and higher education institutions to expand early college access.
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- 12. ► #1 inAmerica for STEM job concentration in 2014 ► #3 for Talent Pipeline in 2013 and 2014 Innovation: ►#1 in America for Innovation & Entrepreneurship for 3 straight years
- 13. InvestMD raised $84 millionin venture capital through an online tax credit auction. InvestMD invests that capital in small and mid- sized businesses with a focus in software, IT, life sciences, or green technology. That capital can leverage 5-10 times that amount in private equity (Between $420- 840 million). Innovation:
- 14. Targeted Tax Creditsin FY15: ► Biotech: $12 million (20% increase over FY14) ► R&D: $9 million (12.5% increase over FY14) ► Cybersecurity: $4 million (33% increase over FY14) Innovation:
- 15. Driven Up theNumber of STEM College and Graduate Degrees 37.1% 15.3% Increase in Annual Skills Training Completions Since FY09 Created the EARN Program to fill skills gaps amongst the unemployed by connecting employers, colleges, and community groups Innovation:
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- 17. Infrastructure: The Transportation InfrastructureInvestment Act is creating More than 57,000 jobs and investing $4.4 billion over 6 years In Maryland’s roads, bridges, and transit projects
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- 20. Infrastructure: (*YTD as of5/20/14)
- 21. Infrastructure: Created the OneMaryland Broadband Network (OMBN) Project to connect public schools, libraries, health care providers, public safety centers, community colleges and other Community Anchor Institutions (CAIs) Connected 1,068 CAIs, including 524 CAIs in rural counties Invested $26.2 million in state funds in OMBN and the Rural Broadband Assistance Fund
- 22. BALANCED APPROACH & FISCALRESPONSIBILITY
- 23. Balanced Approach, FiscalResponsibility
- 24. Smallest exec. branchper capita since 1973; abolished over 6,000 positions “But Maryland was a AAA state when Mr. O'Malley became governor, and despite the worst recession in decades, it is on track to be in an even stronger position when he leaves. He deserves some credit for that.” – Baltimore Sun, July 2014 Balanced Approach, Fiscal Responsibility 1 of 7 states to maintain AAA bond rating throughout the Recession
- 25. Economic Opportunity: $10.10: Gov.O’Malley led the fight to raise the minimum wage during the 2014 Session. Living Wage: In 2007, Maryland became the 1st state in the nation to pass a living wage law. Earned Income Tax Credit: Gov. O’Malley expanded the EITC during both the 2007 Special Session and the 2013 Session. Minority Business Enterprises: In 2012, Maryland achieved the highest minority-business goals in America – and then set higher goals.