Investing in education, innovation and infrastructure to expand opportunity

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Governor Martin O’Malley: Investing in Education, Innovation and Infrastructure to Expand Opportunity and Strengthen the Middle Class

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Maryland Governor Martin O'Malley describes progress on increasing opportunities for Marylanders.

Transcript of Investing in education, innovation and infrastructure to expand opportunity

Page 1: Investing in education, innovation and infrastructure to expand opportunity

Governor Martin O’Malley:

Investing in Education, Innovation and

Infrastructure to Expand Opportunity

and Strengthen the Middle Class

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EDUCATION

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Education:

Gov. O’Malley funded education at record levels

and FY15’s funding was 36% more than FY07

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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.

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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

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Education:

*Maryland began transitioning to

new college and career standards

during the 2011-2012 school year

Our investments

are yielding results

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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

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#1 in AP success

in America for 8

years in a row

Education:Our investments

are yielding results

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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:

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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.

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INNOVATION

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►#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

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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:

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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:

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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:

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INFRASTRUCTURE

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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

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Infrastructure:

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Infrastructure:

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Infrastructure:

(*YTD as of 5/20/14)

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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

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BALANCED APPROACH &

FISCAL RESPONSIBILITY

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Balanced Approach, Fiscal Responsibility

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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

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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.