Post on 01-Jul-2015
description
Governor Martin O’Malley:
Investing in Education, Innovation and
Infrastructure to Expand Opportunity
and Strengthen the Middle Class
EDUCATION
Education:
Gov. O’Malley funded education at record levels
and FY15’s funding was 36% more than FY07
Education:
While 35 states have 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.
Education:
Since 2007, we have done more to hold down the rising cost of college
tuition than any other state in the nation.
College
Affordability
Education:
*Maryland began transitioning to
new college and career standards
during the 2011-2012 school year
Our investments
are yielding results
Education:
#1 Schools in America
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
#1 in AP success
in America for 8
years in a row
Education:Our investments
are yielding results
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:
Education:
Gov. O’Malley has invested 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.
INNOVATION
►#1 in America 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
InvestMD raised $84 million in 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:
Targeted Tax Credits in 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:
Driven Up the Number 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:
INFRASTRUCTURE
Infrastructure:
The Transportation Infrastructure Investment Act is creating
More than 57,000 jobs and investing $4.4 billion over 6 years
In Maryland’s roads, bridges, and transit projects
Infrastructure:
Infrastructure:
Infrastructure:
(*YTD as of 5/20/14)
Infrastructure:
Created the One Maryland
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
BALANCED APPROACH &
FISCAL RESPONSIBILITY
Balanced Approach, Fiscal Responsibility
Smallest exec. branch per 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
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.