University of Maryland's MPOWER initiative celebrates ten years of innovation and job creation

The Maryland General Assembly's Appropriations Committee convened on March 3, 2025, to discuss key issues affecting higher education in the state, with a particular focus on the University of Maryland College Park and its MPOWER initiative.

The meeting began with President Pines expressing gratitude for the committee's ongoing support of the MPOWER initiative, a strategic partnership between the University of Maryland College Park and the University of Maryland Baltimore. Celebrating its tenth anniversary, MPOWER has significantly contributed to the state's economy, resulting in 17 new startups, 98 patents, and the creation of over 1,000 jobs in the past year alone. The initiative has also attracted hundreds of millions in investments through various funds aimed at advancing technology for public benefit.

In light of recent reductions in state support, President Pines outlined the university's strategies to manage expenses and increase revenues. Key measures include slowing down hiring, reducing non-personnel expenses such as travel and equipment purchases, and focusing on essential facility expenses related to health and safety. The university plans to explore efficiencies through restructuring and aims to boost revenues by expanding professional master's degree programs and pursuing entrepreneurial activities. Throughout these changes, the university will prioritize the safety of students, faculty, and staff while protecting its core academic mission.

Following President Pines' remarks, committee members expressed their appreciation for his leadership during challenging times. Delegate Harris congratulated the University of Maryland women's basketball team for their recent victory, highlighting the positive spirit surrounding the university's achievements.

The meeting concluded with a commitment to continue supporting higher education initiatives in Maryland, emphasizing the importance of collaboration and innovation in addressing the challenges faced by institutions. Further discussions on higher education in the state are anticipated as the committee continues its work.