ANNAPOLIS, MD (January 18, 2012) – Governor Martin O’Malley today delivered the keynote address to members of the Tech Council of Maryland at the group’s annual Leadership Dinner. In his remarks, Governor O’Malley previewed a new Administration initiative that seeks to further technology transfer in partnership with Maryland’s universities.
The Tech Council of Maryland is Maryland’s largest technology trade organization, representing 250,000 people in the greater Maryland region. The Council previously named Governor O’Malley its 2010 “Advocate of the Year” and successfully nominated the Governor for the Biotechnology Industry Organization’s (BIO) Governor of the Year in 2010.
Excerpts from the Governor’s speech are highlighted below.
Modern Investments – Education and Innovation:
- Job creation in an Innovation Economy, requires leveraging our most important asset: the talents, skills, ingenuity and creativity of our people.
- Our proposed budget for FY2013 is a jobs-budget which does more for job creation than any in our State’s recent history.
- With your help, we will protect the progress we’ve made together on a number of our other shared priorities like the Biotech Tax Credit and the R&D credit. And with a proposed $10.4 million investment in Stem Cell Research, we will raise our six-year total to nearly $102 million.
- On education, we propose a record $5 billion in operating funding for our #1 ranked public schools, as well as a $373 million capital investment to support 11,600 jobs through school construction. For higher education, we want to invest $289 in our community and four-year colleges and universities.
- Through initiatives like the STEM Innovation Network, we’re bringing together the business community, educators, government, higher education, non-profits and other stakeholders – setting up STEM teachers with mentors from industries like biotech, cyber security, and green technology.
Modern Investments – Infrastructure:
- Today, 106 of our bridges are structurally deficient. Meanwhile, over the past three decades, our land consumption has increased by 154%, at a time when our population has grown by 39%. Over the next twenty-five years, we’re expected to grow by a million more. The infrastructure which supports this growth is not free; and in fact, it’s becoming increasingly more expensive to build and maintain.
- It actually cost us more to paint the first span of the Bay Bridge than it did to build it in the 1950s. We cannot eat cake and lose weight. We cannot build a $90 million bridge for $10 million. Bridges are not like trees. They do not grow stronger with age.
- If we neglect transportation, we end up paying in so many other ways. And so this session we will be asking the people of our State to help us move forward in this regard. But we can’t do it alone.
Crossing the Delta of Opportunity:
- Working together with the business community, we’ve launched an initiative called Maryland Made Easy to cut down on red tape so businesses can spend more time creating jobs, and less time doing paperwork. This session we will be asking the General Assembly to either repeal or reform more than 100 state regulations, so that together we can accelerate job creation and make our State an easier place to do business.
- Another issue that you and I have discussed together is how we can cross the delta of opportunity which exists between the research dollars flowing into our state, and our ability to commercialize this research into new jobs, opportunity and economic growth.
- The fact of the matter is that we rank #1 in research and development per capita but only 37th in commercialization of that research into the new jobs of the new economy.
- Last year, to cross this delta, you helped us create InvestMaryland. The first tax credit auction is scheduled to take place in March, with new venture funding available to companies this summer.
- This year, we will seek to further technology transfer – and build upon some groundbreaking actions currently underway at Johns Hopkins and our state universities. Our goal is to get dozens of technologies out of the labs and into the marketplace within this next year – and in the coming weeks we’ll be sharing an announcement with you on a new proposal. Stay tuned, as they say.