mary fallin help put together this year's discussion on with the vice chair, governor hickenlooper of colorado. later today, homeland security and a look safety -- and public safety information at 3:00 eastern time. we will just take a look here as the governors get settled around the conference table and awaiting this first session on america works -- education and job training.

>> waiting as the governors get settled around her conference table at the national governors association. this is their winter meeting held annually in washington, d.c. of iowa terry branstad will be joining us tomorrow morning on "washington journal" to talk about his work. we're waiting for the first

session to begin, titled america works, session and job training. the guest on the first panel of the day, ceo and chair of general electric, jeffrey immelt. to the be talking governor. governor mary fallin of oklahoma is the chair of the nga this year. governor john hickenlooper of colorado. and later today, a look at ,omeland security for the state 3:00 eastern time. tomorrow, a special session on growth and jobs in america with moderator and business journalist who is now with fox business network. just waiting for the session to begin as the governors start their day at the national governors association winter meeting.

>> who will begin in just a moment. please take your seats -- we will begin in just a moment. please take your seats.

the room and washington, d.c. for the national governors association winter meeting, about to start the first session of today, america works.

at education and job training. the main speaker for this panel is the ceo and chair of general electric, jeffrey immelt. we have been seeing shots of various governors here. mary fallin is the governor of oklahoma and she is the chair of the nga this year. she helps put together this discussion along with the vice governorm colorado, john hickenlooper. we should be starting any moment , this 11:00 a.m. eastern time session. running a few minutes late as the governors catch up on the floor at the national governors association's winter meeting.

>> all guests, please find your seats in the audience. the program is about to begin.

>> good morning. everybody is cheerful today. big crowd today. you tod like to welcome the national governors association winter meeting. we are proud to have so many of our governors that have joined us today. thank you for coming, and all our guests who have joined us, thank you for your participation today. i mary fallin, chair of the national governors association. i have decided me our vice chair , governor john hickenlooper from colorado, my good friend. the governor and i have had a

great time over the last six months working together, and we want to welcome you to the annual meeting. the first thing on our agenda is a motion for the adoption of the rules of procedure for this morning. part of the rules require that any governor who wants to submit a new policy or resolution for adoption at this meeting will need both to suspend the rule. if i could have a motion for adoption of procedures of our meeting in a second, i would appreciate it. i hear a second. thank you very much. second. i call for a vote. all those in favor say aye. all those opposed say nay. the rules of procedure are adopted. if you have any other proposals he would like to submit, you need to submit that to the nga staff by 5:00 p.m. tonight. i would like to recognize our

white house guests that have joined us from the office of intergovernmental affairs. not sure if they are here yet, but they will be joining us. , from the office of intergovernmental affairs. welcome, good to have you here. we have a very significant number of guests from our international friends that have meeting, at our winter and i like to take a moment to recognize dan. we're joined today by the .overnor he is president of the national conference of governors of mexico. we appreciate you joining us today. he's president of the national governorates -- governors of mexico.

also joining us is the mexican ambassador. ambassador, good to have you here. a representative of mexico's national governors too. we are also joined by our canadian longtime friend. i here today? ambassador, good to see you. he also has a delegation from the canadian-u.s. group. welcome to our canadian partners have joined us here today. we appreciate you coming to mac. -- too. we have some representatives from our brazilian and chinese embassies that have joined us, our friends from brazil and china, please stand up. we appreciate you joining us.

getting a lot of great new friendships and partnerships from around the world. of theecame the chair national governors association last august, i begin working on what is called our chairs initiative. it is a year-long process in which we began to formulate some type of initiative that republican and democrat governors can support what it is important to all of us. i chose my initiative this year, called america works, education and training for tomorrow's jobs. it is something very important for all of our governors. creating opportunities for our fellow citizens, growing a revenue in our state. is about making significant improvements to our education system and workforce training program, and to help better align those programs with the needs of our businesses and labor markets. i believe this issue is critically important to our nation, critically important to

our state as well as our nation's economic future. governors are uniquely person thato be a can help foster, that can help implement stronger connections between the educational leaders and employers, because in the end the governors are the ones responsible for both public education and also economic development. we are the key to that. preparing america's 21st-century workforce, to be competitive is an issue that not only calls for national attention, but it calls for gubernatorial leadership. that is something i'm calling on all of our governors to take charge and work with us on. the initiative raises the awareness about the significant benefits to individuals, businesses, steady economies were in governors act to raise their population's educational attainment level and better align their education systems and training systems with the

likely future needs of their economies and employers. it takes good numbers. i wanted to share with you a statistic that i think is very important and relevant to not only for our states, but for our nation. nearly 50 years ago, my parents were growing up in my small town . 80% of the jobs in our nation's economy required only a high school degree or less. 50 years ago. a high school degree to be able to reach the middle class. today that number has dropped significantly and today that number is 35% of our jobs in america require a high school degree. a huge challenge for a nation,

and that is why it demands a gubernatorial leadership. what we know is that of these in that 35% figure of high school graduates, two thirds of those people who have a high school degree in the workforce will make $25,000 or less. tot is certainly not going get them to the lifestyle we hoped they would have and the lifestyle they could have. or someecondary degree type of relevant work for certificate from a career technology type school is the new minimum to success for our future workforce. one that our employers need, one that our children need, one that are working adults need to be able to meet the demands of tomorrow's jobs. even today's jobs, emerging jobs in our nations economy, and be able to help our citizens gain

access to a middle-class life and the american dream. provide ouro students and citizens of our current workforce with the opportunities to be able to successfully navigate to that post secondary education, we are going to limit our own people possibility to be able to achieve their potential and have a higher standard of living, which is important to all governors. through the america works program and the initiative, we have identified a set of actions that governors can take that will improve their educational attainment levels of their citizens, and help realign their education systems, and also be able to help employers meet their demands for the jobs skills that they need. there are four policy components we have outlined in our america works program to help governors

improve and better align their state education training program that will help not only our employees, help our students, but also provide results for the industry that demand a talented, educated workforce. first of all, it starts at the top. it starts at the top with our governors articulating a vision, articulating a message about why it is important to be able to connect education and the workforce, and to be able to help our educational attainment levels in our individual states meet that minimum for a better educated workforce and skilled workforce. secondly, we have to have good data. we have to know where we're at today and where we need to be going in the future. we have to track our progress, and measure our results. third, we need to build

partnerships between the private sector and the public sector, and to be able to get the results we hoped to be able to achieve. we need to look at our resources in our individual states. to be able to look at the resources, funding, incentives, and to be able to ourort it and line it with overall vision and individual states, integrated vision. we launched this initiative last august. since then there has been great support from both the private sector, our education community itself, and a great understanding as to why this is important to not only our states, but our nation in our international competitiveness. nowhere is this more apparent than when we have had our two nga region summits, and we started out with one in

connecticut, governor malloy was gracious enough. he was gracious enough to host us in connecticut. he has had a great turnout at other states and people who joined us from the governors a difference death members and other public elected officials and service members. in then we had one governor new mexico, governor martinez. we appreciate governor martinez for hosting the summit. your last chance is coming up for the education and training summit in the great state of oklahoma. what a surprise. i'd like to invite all of you to join us. of attendees list that will be joining us there in oklahoma city. you will have a good time.

you're going to learn a lot of great information that will be beneficial to your state, go home with a to do list, be able to check it off and go back home and say, i'm focusing on jobs and education. consider coming personally or send your team members to oklahoma, march 27 and 28th in our state. my priority for this initiative is to be able to provide the governors with examples, best practices and actual, tangible resources to be able to advance these goals. many of you have already identified these goals in your state speeches. to begin that, we want to deliver on that commandment. i'm pleased to be able to share with you today our first report of my initiative called america works. this is titled, the benefit of a more educated workforce to individuals and the economy.

now you have this report i your seat. -- at your seat. governors,ff, the various cabinet positions and states have worked very hard. also find in this report not only the details of different things, but we're pleased to be able to provide you state specific data. we have been working very hard over the last six months to work with an organization that will help you get very specific, about yourn data educational attainment levels, employers, the market you need. it's a one-page profile that provides this breakdown. it compares it with your educational attainment level, with your current population compared to other projections about your workforce, and

analytics -- moody's analytics provided this. the educational requirements of your company's and your state. this is a roadmap for each of our governors to be able to utilize. what we find is that we have a mismatch, not only in our nation, but throughout our individual states between the supply and the talent in our state and what companies demand that they need in the years to come. challenges us to provide our citizens with a path of opportunity to be able to work with our companies, to identify talent that can take those jobs. like many of our governors in this room, i will frequently talk to businesses who tell me, i have job openings but i cannot find the employees to take the jobs, and i can invest more and grow more jobs, but i cannot find the workforce. hand, i have

friends and equated and says he will say to me, i cannot find a job -- acquiaintances who will say to me, i cannot find a job. it is an excellent report, and data we are pleased to share with each of you. we hope you'll take this data back home and that you will your commerce secretaries, superintendents of education, chancellors of higher education. we are pleased to prevent this to you. it's an important discussion of aligning our students' education with the needs of our ever-changing workforce. today to beproud able to entice one of our top ceo's of our nation to join us

in helping us lead this discussion with our governors, to hear from someone who is out investing and creating jobs and opportunity and innovation in our nation. it is jeffrey immelt, ceo of general electric. to us abouto talk the challenges his company faces when they're trying to find employees needed for their continued growth, and to stay competitive not only domestically but internationally. theill also lay out opportunities he sees for the private sector and public sector to work together to achieve greater success for our citizens and companies. jeff is held so many positions, so money global leadership positions. he he joined ge in 1980. are familiarhat with ge know that they have many divisions. that ge has an

impending new facility in the state of oklahoma, and energy research center. we have a lot of oil and gas in oklahoma. we are thrilled. you haven't heard that? frome have a little man oklahoma named harold hamm, talk to you. we're joking. year 2000, jeff was appointed president chief executive officer at ge and has been named as one of the world's has ceo's three times, and served as chief executive officer at ge, named america's most admired company. that was from "fortune" magazine. it's our pleasure today to have jeffrey immelt here from ge. let's give him a warm nga welcome to our conference. [applause]

>> thank you. it's an honor to be here today on behalf of ge. a lot of things i will talk about today are common across the business community. i try not to make this a ge commercial. because the history and the breadth of the company, i've met most of you in this room. you dofor the great work on our behalf in your states, and that's really where the action takes place in our company, is on the ground and the locations we have. what i thought i would do today is put a little bit of the global context in terms of the economy, what's going on. then i thought i would talk to investing,ceo about to give you the context of what and takeking about,

governor fallin's challenge on competitiveness and education. on the broad economy, we are in a world that gets better every day. everybody wants it to be magically back to where it was in 2005 or 1997. the u.s. economy gets a little bit better each and every day. is not enough jobs i would say the missing piece in the u.s. is capital investment by small and medium businesses, still lagging behind where you would like to see it at this point in the recovery. stabilized. that is always good for the u.s.. of the biggest companies that does business in china. i would say the chinese economy continues to be strong. we think the new government's r

eforms are positive. resource rich countries around the world, these are very important countries for companies that are multinationals. we think they continue to reinvest back infrastructure and things like that. from a business standpoint, we see slow growth and volatility. you have to keep investing to grow. this is the pattern we could be in for a relatively long period of time. it's not a magic potion that will suddenly make the u.s. go growth,4.5% gdp although that is what we should be pulling for. ge is the biggest infrastructure company in the world, one of the biggest industrial companies in the world. billion industrial

company, $400 billion investment, financial service company. we are one of the biggest patent issuers in the history of the country. we invest six percent of our revenue back into research and development. 65% of our backlog is outside the u.s. that's where the markets are. we have high market shares. you should think about us as someone who is punching around the world. we are the second biggest exporter after boeing. when we locate a facility in your state, it is to serve all the countries around the world. we have a valuable brand, the six most valuable brand in the world. back into r&d, expenditures. we keep investing back into the economy and do that everyday. 135,000 employees in

the u.s.. we have more than 200 factories in the u.s., and about 93,000 of our employees are in manufacturing and engineering. grown about 9% since the financial crisis. we create in ge we create eight in the supply chain. upon small dependent and medium business. we purchase $15 billion a year from companies less than $100 million in revenue. we are dependent on the extended enterprise system in this country. we have strong financial footing with small and medium businesses. tale inind of the terms of the global economy. when you host us in your state and we are lucky enough to invest their, we think they can compete in any corner of the

world. we don't think the american workers in the u.s. take second fiddle to anybody. they can compete. about 50% have got market share of large cap. we will sell more in algeria in the next three years and we will in the u.s. took $40mber we billion of aircraft engine orders in dubai, none from u.s. airlines. the biggest three locomotive deals are coming out of pennsylvania will happen outside .he u.s. this year we will sell more ct scanners in china than the u.s. that's the world we have to compete in. that's the context for the company in terms of where we are. that is the world. a play in every world corner. we think the u.s. continues to get better, but that's the backdrop. you got to make your own approach. that's number one.

what we're investing in and how we invest -- from an economic standpoint, that is incredibly important to the governors. there are three interesting things that are seismic changes. we kind of are living in the age of gas, the plentiful reserves of gas, not just in the u.s. but globally are opening up economic opportunities for my power standpoint and a standpoint of technology that will go in terms of creating new economic opportunities around the world as this plentiful gas plays out. and then transportation. we work with railroad companies, transportation companies on converting to natural gas.

we think this is an absolute game changer economically in terms of where the future could be. not just in the u.s. we do a lot of business in africa. all the technologies that are gassify thesaify -- african continent are being invented in the u.s. today, and it will create jobs and economic growth here. we live in a new energy age, and one that is important to invest in. notion of advanced manufacturing, this gets written about and talked about. we are a big manufacturer. the u.s. has never been competitive as it is today. we can make a refrigerator with two hours of labor. if you can make things with two hours of labor, you can make them anyplace you want to. the new technologies around manufacturing are significant.

newman materials, 3-d printing -- i could go down the list. to say from a manufacturing base , the country has never been more competitive that it is on a relative basis today. the third big theme i would talk about is just in the area of what we call the industrial internet. everybody here has a blackberry or an apple. andybody is on social media facebook. a series of other technologies. that innovation will now be played in the industrial base. if you look at a jet engine, it has 20 sensors . it takes a couple terabytes of data every time it flies. there's going to be as many people who go to work around the industrial internet as are going to work around social media. that will not necessarily take place in california or new york. that will take place in

pennsylvania, michigan, lots of places around the industrial belt. really as of jobs will be created around the industrial internet as time goes on. technology, these are things to invest in. in each one of those we are putting our money where our mouth is. in gas, we have invested in gas research and development centers , new technologies, r&d, c apital, and we plan to lead in that advancement. not just in our balance sheet, but how we make and design technology. have a big research and development facility going into oklahoma city. we opened up of four or five new manufacturing facilities every year. is 500el facility people, because we think that is a size big enough to have scale. cans small enough that they

be self-directed, where the employees call the shots. we do four or five of those every year. we have got 1500 engineers in california who work on the industrial internet. we made big investments in building engineering centers that allow us access to data. the last thing is something we're doing in louisville. we partnered with a company called local motors, which is a start of manufacturing company. comelow entrepreneurs to in and design on our appliances. they can reduce cycle time to make these new kind of maker movement companies. they are all over the place and can be done in any one of the states to help go forward in the future. we have got investment behind the big three initiatives, and we think they will reshape our companies and the economy going

forward. the other thing about to talk about is in the area of investment. we probably make 15 or 20 important new global investments every year. we're working on five right now that will happen in 2014. we will have an aviation will buildant that engines. if you're in the aviation industry, god has been good to you. we have a ten-year backlog. it's a great business to be in. we're going to build an assembly plant. these really create a whole portfolio of companies. a plan tog to have consolidate our activities in energy management, and put them into a state of the art any factoring facility. will be started

as a couple hundred units, a couple hundred people, and grow to 500 over time. we're investing in the best manufacturing lab anyone could build. we want to own that space and invest in a way that can attract other companies to come, and this is huge for us. we're going to do that around a university somewhere. when of the big trends in business today is to unify what is called shared services. r&d, i have toin cut my administrative costs. one of the ways you cut administrative cost is you can locate in your back room in locations. -- co-locate in your back room in locations. we are going to invest using both our capital at our strength to take a big gas project and turning it into fuel, and building a transportation system around it so we can demonstrate

what is possible from a standpoint of gasification. just five on the ge hit parade in terms of how we think about it. we would go to 46 states on each one of these investments -- four to six states on each of these investments. started theson company, we grew up around the 1870's.y we were in upstate new york and now we can go anywhere in the country. we have a whole different world today. each one of these will go to meet withx states and the economic development people first. we love it when we can go to your states and meet with one group who can answer for everybody, who can answer completely on the economics, the

regulatory, the speed. when you can deliver on that, that is a massive competitive advantage. we love universities. great, building around high-class universities because that is our stock in trade. that is how we can reinvest. universities are key. talented and hungry workforce, people that like working for a part ofnd want to be a a facility. when we go, we go for 50 years. orre not going for a year two. the lifecycle of a jet engine is 25 years. you are not going there just to pick up something and leave. and then the economics are important, for sure. as much as the symbol for what the long-term relationship will be like with the state, as much a big assembly plant on jet engines, we might get $15 million from the state.

this will be here for 50 years. way to get started and mitigate some of the risks. those would be my pieces of advice on how we invest. the world is all about competitiveness, number one. number two, we continue to invest and we like working directly with you. peoplea great team of that do this. there's not one thing that happens in the u.s. that i don't personally approved, or anywhere else in the world. speak as a company every time we make an investment. that is a little bit to set the backdrop. to work with 25 other folks on president obama's competitiveness and jobs council. aware ofe more

competitiveness and job creation. i learned four things on that counsel in terms of what has to happen to create jobs. i have seen this time and time again as i have traveled the world. every country and state i have been to -- there's a shortage of jobs every place you go. there's no place that is happy with the amount of jobs they have. without infrastructure, it's hard to build competitiveness. you have got to have roads and ports and airports and broadband and all those things. the importance of small and .edium enterprise a and medium enterprise are important. chance to see how difficult we make their life, and how important it is that they have a way to compete. for every job at ge there is eight in the supply chain.

multipliercreate a in your state, that is how the jobs get created. the importance of regulatory reform. i'm a business guy. most business guys don't like .egulators very much re that's a decision by people. we like high standards. there's no reason it should take seven years to get a transmission permit across state lines, when the touch time is like three months. the sense of accountability and transparency around regulations is something that you see in different countries and states is important. if you are easy to do business with, you will get more jobs. , workingpiece we saw on the president's counsel, the importance of training and education. she's employment

site, there are 2000 open jobs in the u.s. -- ge's employment site, there are 2000 open jobs in the u.s. to echo what governor fallin roundtableusiness would see five things. stem. we have got to get math and science back into our schools. we are being in the 20's in math and science is a tough place to be, and there's not one job in our factories that you could ork at that isn't automated need some basic analytical skills, and we have fallen way behind. our focus on stem is important. that is where the ge foundation spends most of its money. and try toge towns

change the curriculum of education and focus on math and science in education. we believe in high standards. it's a little bit controversial on common core, but we believe in high standards as we look at what we do. i stand with the business roundtable on that activity. community colleges. if i go to a state and a governor can describe how many welders they prepare every year, that's a good thing. that means you can step into a manufacturing base that is incredibly ready and important. from thee retiring, standpoint of the oil and gas industry and other industries. you have a real vacuum. community colleges do that. we partner with local community colleges that are training people during the day. for four hoursol

and ge for four hours. sayou as a governor can this is my community college plan, that is huge. a dream of people that are going to probably find jobs in the 21st century, it will be engineers and welders. engineers are incredibly important trade they create jobs -- important. they create jobs. a good university is incredibly investable. this is where we like investing. when i go back to the things i talked about on the age of gas, advanced manufacturing, probably on each one of those things we will partner with three universities each to have multi-year, multimillion dollar research and development programs that can create their own funding and their own jobs as time goes on. leveraging your universities is important.

how do we get veterans back into the workplace? we have made a commitment to hire 1000 veterans every year. we were joined why other companies -- by other companies. how do you translate veterans, coming back, what they've done in the military to what they can do on a factory floor. of these facilities that "last few years, half of the new employees are veterans coming b ack. as a governor promoting the big company, small-company integration. finding ways and forms that allow big and small companies to train together is really important. in the that skill base small and medium enterprises. that is very important in terms of where and how we invest. if i would give you on education, it is really stem, community colleges for advanced

manufacturing. have the universities front and center in terms of how you invest in where you invest. have a plan for the veterans are coming back to your state. have some governmental institution allow big companies and small companies to integrate in clusters or other activities. you can grow and create jobs, but you have to compete. that is the watch word on the global economy. business and government have to work together. invest roughly $12 billion each year in r&d, we do it around big themes, we do it around different locations. education is extremely

important, mainly around math and science. say, thanks for the great work you do. the states give us a platform in which we can compete. you are the entrepreneurs in government. you can get things done. i hope you utilize that, the chance to try new things, and utilize your state to try new things in health care and engineering and education. know what is investable in your state and make that apparent. what are the big investing themes. that allows us to get plug-in. i may ge guy. in.lugged i'm a ge guy. it's a small businesses that need the most help. as a country, we talk about small business every day, but we make their life to hard.

100 orrnors can embrace 200 medium and small businesses, they give you the data you should need everyday on health care or education or things like that very that's really important. let me end there. governor fallin, i'm happy to take questions. us compete,elping and we want to make you proud in terms of how we do in your states and what we do in the future. [applause] >> thank you, jeffrey. great comments. my first question was going to be what governors can do to help you address the challenges you laid out. you gave us all the different points we need. i might ask you, what do you think employers would be willing to bring to the table to work jointly with the governors to have you accomplished these challenges. if i just talk specifically

about education, there's probably not one company or one big company in the country that money spending it education. company has its own best idea. we get fragmented too easily. maybe the governors could say, this is the way ge could really help in this state, because we have other companies going in the same direction. a little bit of a focus best tortains to how find education. we spent as a company probably $150 million a year on education. but our focus is on stem. but maybe we could do a better job in your state. ahave traveled the world

thousand times over. we do business in 170 countries around the world. there is no country in the world that has the university system the u.s. has. if you have to say what are two or three of the biggest competitive advantages this country has, the university system has to be at the top of the list. i'm not convinced we do enough to leverage the great universities we have. we are a scale employer. ando to the big 10 schools big engineering schools are kind of what we see everyday. they are awesome in this country. how you build around the schools -- i can give you the stanford example. what stanford is done over the past 30 years is unbelievable, but it's hard to find the next university that can lay claim exactly the way stanford can. >> i know everybody is always

asking you for something, but since you indicated you are investing a significant amount of money annually in education, since you're talking about the need for having some states point out some things you can focus on to achieve better outlts, i want to point what another major corporation has done. i do not think they are competitors of yours. that is exxon. they did not do it all across the country. and picked six states invested significant sums of money in advanced placement courses by actually rewarding both students and teachers for participation in advanced placement courses, particularly in stem. the achievement of those proficiency scores in those tests. in virtually every state -- there was a pretty good

cross-section of states -- , we have every state seen marked improvement in both advanced placement class participation and in this course. it has been particularly good in math. , but mathd science and particular seems to have generated significant higher increase in participation in advanced placement courses and in this course. as you are thinking about where you will invest in the future, is pretty small. i think they give $100 per student per grade per year. if you're sitting there any go from 10,000 kids in advance but it has brought into a point where your pool becomes bigger. investment of 10 million or

$12 million and several states can generate the kind of results that would help our students and our global competitiveness. as you are looking for future opportunities, which are arty going to invest anyway, that works. we do big rants. we sign an agreement on what is going to happen. we have one of these in stanford. 10can do it in seven or

towns. had we get a multiplier? how do you take a few of these and get them to multiply more? the game.in in we needed and wanted to be successful. how do you make one plus one equals three. >> thank you. let me thank you and ge for your investment in kentucky. er restoring job and product. that is exciting to build advanced manufacturing right here. secondly, we like to take you to lunch. [laughter] --you got my interest. all right. let me ask about apprenticeship

for grams. bit --tried both quite a travel quite a bit with these countries. you see a different structure in high school where kids are able a plant, go to and earnedpaid certificates and skills that didn't let them go right into the work force. is set up like that with their educational system. what do you think of that approach for the u.s.? first, i'm going to circle there is cynicism and questions about manufacturing. i would say it is real. used to have 25 jobs in the united states in manufacturing. now it is about 10. can the jobs grow incrementally?

can they be more it? it is what every country around the world wants. --is were middle job middle-class jobs get created. this is where you get the manufacturing. do not give up about it. all the other people talk about it. having thisthat ledger which does this leverage between high schools and community colleges and for the governor to have in mind what the jobs are for your state and i.e. prepare people for those jobs is really important. we talked about new york city. 400 people go to work every monday in the hospital system. why don't you take the senior year of high school and train

people to be radiology techs or physicians assistants and start that in school. stage, germany is the best. ago the president of the non-said they would graduate 5000 welders every year. i've thousand. we needed to do a plan. we put it in this. it is an awesome workforce. this is hard to do. it is an awesome workforce. way i think governors can say what is happening in kentucky. has ad say kentucky manufacturing renaissance. there is a lot of skilled labor that will have to go in there. that ought to be what the community colleges do. >> thank you.

we appreciate you being here today. thank you for your public service. it is good for you to help us try to figure out a way to create jobs. the question differently. att of us came into office the throes of the great recession. i think for a lot of us the progress has been sluggish. we have not seen the economy expands. it has been a tepid recovery. i have heard a lot economist to give us their theories as to why. what has been the cause of the slow recovery? what should we be doing to make sure it accelerates? describe what i see. deepasically have a , these tend to be

sharper and are harder to recover from. you have 2-d lever at the same time. elever atve the same time. this is still anemic i any standard. if you look, consumers are taking on leverage again and investing again. that has happened. bigeople talk about investments. i can say to boeing i'm not going to invest because i'm concerned. we had to keep going. is on the sideline. we saw on the fourth quarter of last year, the first time the net new investment was crawling. solves what we have to

for. how do we get capital expenditures? economy is growing numeral three percent a year -- 3% a year. you have to have new company formation. it will have to start building factories and things like that. mediumhe small and businesses that have not really come back cap from an excess -- from an investment standpoint. you have a super tough.. i would have 200 small and medium business. all thebe with them time. what is this lease this? that is the power not back in this. thank you for being here.

jeff was the first ceo to show up their 21 years. the state is still talking about it. thanks for joining us. >> you have to get out more. there. i want to go back to the education link. at that we all share this. this is a place that seems to me we can really partner. i know my challenge in vermont. while i have the best graduation rate in the country, where i am losing the battle is moving kids beyond high school. first-generation low income kids. at jobs in our future and we do not do a better job there, getting them in the tech programs, getting them excited about manufacturing and so they

is there a machines, way that we could partner? there are internships. you got a job. it will be nine bucks an hour. is there a partnership there that we could really focus on? it would be first-generation kids who we we know we need to succeed. >> getting the kids in inner city schools to get them to study math and science.

so mccain, what there and aviation plant -- so people can come and walk there and aviation plant and say this is neat. re-re retooling and launching our programs. these were extremely and officials in the 50's and 60's. the third thing is that governors can link up the demand. let's look at rutland. moreant to be training than 30 or 40 or 50 people that we might higher each year. the only way to do that, you've got to get small business in the same camp. one of the things you can do is say here are 500 people in

vermont but we're only going to take 50. any to find other people. >> i appreciate your comments about how it needs to get into the preschool and grade schools and what not. if we can get enough high school graduates getting the trained. pressing on middle school in preschool issues. if we can keep those kids moving forward, than we can prid provie you much more of what you need. my question is around the labor cost. larger organizations continue to say they develop relatively small. one is the level of investment

per job and technical robotics. the second is, yet kind of use the last decade to clear some of the larger obligations off of the balance sheet, moving the pension systems. the smaller businesses are a little behind in that regard. the wage rates are pretty low. they are worried about things that you cleared out. it is amazing. ngu go to a ge or boei facility and you go to your suppliers and you see they need to invest. if they do they can be much more competitive. are there some ways to use advanced manufacturing leaders to assist these? whichstunning to us as to ones are going to be successful and which ones are not.

the ones that are not being successful are the ones that are paying the lowest wage rate. us i cannot find a people to work 10 bucks an hour. how do we get the competitive wage rates up while keeping the cost structure competitive for the smaller and medium-sized businesses? i would urge all the theseors to, there is all entrepreneurial manufacturing businesses coming up. the one we have done is local motors. this is based only an entrepreneur who fundamentally goes in and says here how i can do a dishwasher in six months. he crowd sources the manufacturer.

i would get something like that in all of your state eared that way you get this entrepreneurial spirit that opens up the door. into thegoing to get health care debate in this town. i'm going to stay a little while in may. work.a total cost of the extent to which you think it entrepreneurial activity going on, for us there is 15 towns that are the preponderance of ge retirees and employees in the united states. the cost per employee is like 50%. we are pretty typical. if governors can now look at but as a local challenge, helpsays to make that it

them make the right trade-offs. to the extent they can look at health care and education as being things they can help them with. then that allows for more value of the employee. that is what it is all about. >> you are stirring up a lot of questions now. i have about four people wanting to ask questions at about two minutes left. of wisconsin.r >> just a quick request. we talked about worker training. we put a lot in our technical colleges. you said something in particular. mention the high school welders. we put 100 million in the budget down the to drive waiting lists. one of our challenges in areas like that is there's not enough young people going into the areas during it is not just the s.t.e.m.

one of the challenges in wisconsin, highly skilled employees of ge health care look at our kids wanting to go to a four-year college or university. one of the challenges we need to is to help us spread the message that is just as important and we should be just as proud of our sons and daughters that choose to be high skilled welders as those who choose to be attorneys and doctors. we need leaders and parents. a lot of your professionals of wisconsin can help us do that. in 25 the first time years, the most popular on campus program at ge is the manufacturing leadership program. we had 20 years word was not very sexy. it has now become the most popular thing.

inhink we're seeing a change community colleges and schools as well. >> thank you for being here and sharing your thoughts with us. thank you for being a great corporate citizen and the state of connecticut. i do not realize we were running out of time. i was actually going to ask you to comment on the environment, climate change, and what you guys are doing to prepare and what you are doing to make money. we as a company starting in 2005 basically have run the company through our greenhouse gas emissions. we have invested in clean energy. we have been an investor and super efficient jet engines, gas turbines, wind energy. our view is always one of a allen's economy that basically one thatgoing to be

will drive economics. the new jet engines that we are volleying for our 25% more fuel efficient. at the same time, wind turbines a decade ago was 25 something kilowatt ours. the most recent ones have gone on at five cents a kilowatt hour. we think it will drive solutions across a broad range of different industries. with that asmpany a principal. we're going to have our own assumption that says we're going to reduce our own greenhouse gas emissions. we're going to innovate around it. it creates more jobs. it is an interesting world we live in. age, imerican mile learnt energy policy going to

year. now they have 50 gigawatts of solar. coal.re importing sometimest sideways based on how the policy and the technology meets. >> one less question. >> thank you. thank you for your presence in puerto rico. ge inher used to work at the very poor side of puerto rico. does ge expect from a public university? >> i think it is the differentiator. again, i am ais, different case. , we aredo a facility thinking about 40 or 50 years. we are not thinking about six.

it is the nature of the heart products we make. if you're making an investment for a long time, and the schools are number 1, 2, and three. quality universities. it is just the way life is. huge presence in wisconsin. we have been there since 19 it the. 1950. it is the nature of human beings. if they like he plays, they want to say. knowing how good the schools are and having a belief that they .an scale we know oklahoma and oklahoma state are awesome schools when it comes to investing in were the future is going to be. i hang it is a dominant number one.

that i think it is a dominant number one. -- i think it is a dominant number one. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> as you can see, there was a great interest. thank you for coming and spending time with us governors. i think you aren't a lot of best friend here today with all your great announcement of expression -- i think you earned a lot of best friend here today with all of your great announcement of expression. now it is or our partnership award. is a program that recognizes our corporate fellows program in public policy companies and also our noteworthy partnerships we have with our governors in the or. they are asked to

nominate governors that possibly affects a states in the citizens such as work in education, health care, energy, public he or in the environment. it is a great for them to have a the way they can work together to make a difference in our state. they are selected by an independent volunteer group and a panel affected by the nga staff. a lot of great things happening across our nation. i would like to invite it from newmaggie hansen hampshire. i'm having a brain freeze. it is always great to see you. nominee andnderful a company she is to give the nga

public/write it partnership private partnership award two. o. >> thank you. thank you just as well. it is always nice to have a dartmouth graduate talking. thanks as well to the nga's and jeff for best practices and all corporate presence. it is incredibly important to our state and strengthens our families, communities, our economy. with them on emergency response, on developments, especially in the areas of affordable housing, public spaces, community centers, and they help us facilitate the sharing of information and resources to stimulate economic growth.

they help us build a stronger workforce pipe line. obviously an issue of great importance to each and every governors who is here. in a unique way they help us demonstrate the value of collective problem-solving. something we are all doing in our state on a daily basis. littlewe were doing a bit more here and washington, d.c. hampshire, we have the great privilege of working with our award winner today of the environmental systems research institute. they have partnered with our department of education, our new hampshire fish and game's apartment, the new hampshire geographic alliance and the university of new hampshire cooperative extension. in those partnerships, this is really helped us form a team of new hampshire education

geographic information system specialists. before i talk a little bit more about the specifics, i want to take a step back. what they really understand is the importance of geography. my mom taught high school history at my local high school. she always said you cannot understand history without understanding geography. state,think about our all of us had geography that defines us as places and as people. jeff, if you want a hungry workforce, we blasted our way through. that is new hampshire. we have the wonderful mountains that define us as individuals. we like to think of ourselves with seacoast where the water connects all of us.

you cannot underestimate the importance of geography. let the tool but geography is go to waste as a governor or as a manager. publicto the innovative /private partnership that we hampshire k-12 school has access to state-of-the-art geographic information system tools for use in education and research. than 200,000 students who now have the ability to learn and apply geospatial concepts. let school district or using the information to become more efficient. planning better and more effective school bus routes which is a really important thing. hampshire because of our partnership, we are using

geography to understand our history, who we are as a people. we are using it to collect and analyze data and understand our current challenges as a result. we are using geography to literally map our future, find our way through to meet the challenges. i am so delighted to be able to to the this award founder and ceo. thank you for your partnership with the state of new hampshire to strengthen s.t.e.m. education and strengthen us in all the ways i just described. i would like to welcome jack appeared to accept this award. josh i like to welcome jack up here to accept this award. source of change in our country much for the better and his commitment not

only to the use of the tools that he and his company have developed but in partnering with all of us to make us a much better country is just incredible. we are very lucky to have this corporate citizen. where are you? come up, please. [applause] >> congratulations. thank you so much for that wonderful presentation. our information about our summer in g a meeting. will joinill hanlon us. >> there is an unknow in order

to amount of us who have campaigns coming up. nashville is one of the five cities that you have to visit before you die. one of its seat named it the boldest in the city. the new york times just called it [indiscernible] i can assure you of that. you will be staying at the brand-new on the hotel. we will be visiting some of the great sittes. it is the mother place of country music. one of our blue state friends you may say we are on the red state side, that we will have dinner when night at the home of andrew jackson. some of you identify pretty closely with i think. [laughter]