The dean of the University’s of Maryland’s Robert H. Smith School of Business said politics can stop elected officials from doing what’s best — a problem Gov. Martin O’Malley has not been immune from.
G. “Anand” Anandalingam singled out O’Malley as a government leader who has occasionally struggled making difficult decisions in a sour economy.
“Hopefully, when the economy gets better, the states are going to say ‘here’s the way we need to allocate resources,'” Anandalingam said. “Politics is an interesting thing. I really like O’Malley, but I think he hasn’t made the kind of strong decisions one way or the other.
“He’s trying to make sure he doesn’t close down departments … He had lots of things he could have done because of the economic crisis, and he hasn’t taken any of those difficult decisions. If you don’t do that, then it’s very difficult to find resources to do good things.”
Anandalingam visited The Daily Record this week for an extended interview with reporters and editors. The dean’s interview, part of our Newsmakers series, will appear in Monday’s paper.
One of the good things Anandalingam said the state needed to focus funding on was biotechnology research. Maryland does offer a biotech tax credit through the Department of Business and Economic Development. The credit gives investors up to 50 percent of their investment back through an income tax credit.
But until the fiscal pie starts expanding again, Anandalingam said more dramatic belt-tightening in certain areas was something that — while difficult — ought to be done, so more money could be diverted elsewhere.
“I’m faced with this all the time,” he said. “We need money, so we have had to streamline, otherwise we’re not going to have funds to do the next new thing.
“Hopefully, we’ll muddle through and get to the other side with funds to invest.”