Former Massachusetts Governor Mitt Romney has been widely recognized for his leadership and accomplishments as a public servant and in private enterprise.
Elected in 2002, Governor Romney presided over a dramatic reversal of state fortunes and a period of sustained economic expansion. Without raising taxes or increasing debt, Governor Romney balanced the budget every year of his administration, closing a $3 billion budget gap inherited when he took office. By eliminating waste, streamlining the government, and enacting comprehensive economic reforms to stimulate growth in Massachusetts, Romney got the economy moving again and transformed deficits into surpluses.
At the beginning of Governor Romney's term, Massachusetts was losing thousands of jobs every month. Today, the unemployment rate is lower, hundreds of companies have expanded or moved to Massachusetts and the state has added approximately 60,000 jobs in the last two years.
One of Governor Romney's top priorities was reforming the education system so that young people could compete for good paying jobs in the global economy of the future. In 2004, Governor Romney established the John and Abigail Adams Scholarship Program to reward the top 25 percent of Massachusetts high school students with a four-year, tuition-free scholarship to any Massachusetts public university or college. He has also championed a package of education reforms, including merit pay, an emphasis on math and science instruction, important new intervention programs for failing schools and English immersion for foreign-speaking students.
In 2006, Governor Romney proposed and signed into law a private, market-based reform that ensures every Massachusetts citizen will have health insurance, without a government takeover and without raising taxes.
Governor Romney was elected to the Chairmanship of the Republican Governors Association by his fellow Governors for the 2006 election cycle, and raised a record $27 million for candidates running in State House contests around the country.
Romney first gained national recognition for his role in turning around the 2002 Winter Olympics. With the 2002 Games mired in controversy and facing a financial crisis, Romney left behind a successful career as an entrepreneur to take over as President and CEO of the Salt Lake Organizing Committee.
Governor Romney has said he felt compelled to assume the seemingly impossible task of rescuing the Games by both the urgings of his wife, Ann, and by the memory of his father, George Romney, who had been a successful businessman, three-term Governor of Michigan, and a tireless advocate of volunteerism in America.
In his three years at the helm in Salt Lake, Romney erased a $379 million operating deficit, organized 23,000 volunteers, galvanized community spirit and oversaw an unprecedented security mobilization just months after the September 11th attacks, leading to one of the most successful Olympics in our country's history.
Prior to his Olympic service, Mitt Romney enjoyed a successful career helping businesses grow and improve their operations. From 1978 to 1984, Mr. Romney was a Vice President at Bain & Company, Inc., a leading management consulting firm. In 1984, Romney founded Bain Capital, one of the nation's most successful venture capital and investment companies. Bain Capital helped launch hundreds of companies on a successful course, including Staples, Bright Horizons Family Solutions, Domino's Pizza, Sealy, Brookstone, and The Sports Authority. He was asked to return to Bain & Company as CEO several years later in order to lead a financial restructuring of the organization. Today, Bain & Company employs more than 2,000 people in 25 offices worldwide.
Governor Romney has been deeply involved in community and civic affairs, serving extensively in his church and numerous charities including City Year, the Boy Scouts, and the Points of Light Foundation. He was also the Republican nominee for U.S. Senate in 1994.
Governor Romney received his B.A., with Highest Honors, from Brigham Young University in 1971. In 1975, he was awarded an MBA from Harvard Business School, where he was named a Baker Scholar, and a J.D., cum laude, from Harvard Law School.