Rob McCord

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Rob McCord
Rob McCord.jpg
Current candidacy
Running for Governor of Pennsylvania
General electionNovember 4, 2014
Current office
Pennsylvania Treasurer
In office
January 20, 2009 - Present
Term ends
2017
Years in position 5
PartyDemocratic
PredecessorRobin Wiessmann (D)
Compensation
Base salary$152,443
Elections and appointments
Last electionNovember 6, 2012
First electedNovember 4, 2008
Next generalNovember 8, 2016
Campaign $$8,505,110
Term limits2 terms
Education
Bachelor'sHarvard University
Master'sWharton School, University of Pennsylvania
Personal
BirthdayMarch 5, 1959
ProfessionVenture capitalist, entrepreneur
Websites
Office website
Personal website
Campaign website
Rob McCord (born March 5, 1959) is the current Democratic Treasurer of Pennsylvania. He was first elected in 2008, and took office as the commonwealth's 45th treasurer on January 20, 2009. He won re-election on November 6, 2012.[1]

McCord is seeking election as Governor of Pennsylvania in 2014.[2]

Biography

"Prior to his election, Treasurer McCord co-founded the Eastern Technology Fund and served as cofounder and Managing Director of Pennsylvania Early Stage Partners – a family of venture fundsthat invested in early-stage life-science and information technology firms. From 1994 through 1998, McCord worked as a senior executive at Safeguard Scientifics, one of the first venture incubators of its kind, where he helped Safeguard earn an annual return on capital of more than 50 percent per year. In addition to his work as a venture capitalist, from 1996 through 2007, Treasurer McCord led the Eastern Technology Council, a successful trade association that served hundreds of fast-growing and innovative companies and thousands of entrepreneurs.

Earlier in his career, McCord worked on Capitol Hill for nearly a decade, where he specialized in budget and technology issues. He also served as the CEO of the bipartisan Congressional Institute for the Future, a think tank co-founded by former U.S. Senators Al Gore and John Heinz."[3]

Education

  • AB, Economics and History, Harvard University
  • MBA, Wharton School, University of Pennsylvania

Political career

Pennsylvania Treasurer (2009 - Present)

The "paramount duty" of the Pennsylvania Treasurer is to safeguard the Commonwealth's financial assets, which total more than $120 billion of public monies.[4] The office manages several programs in order to better serve the financial needs of Pennsylvanians. The Better Choice Program provides a less costly alternative to traditional payday lenders, while the 529 College Savings Program eases the burden of paying for college. The INVEST program provides flexible and secure investing for local governments and non profit organizations, offering investment pools for both long- and short-term needs.

The Treasurer has specific duties in addition to the oversight of the department:

  • serves as Chair of the Board of Finance and Revenue, which selects banks to serve as depositories for state money
  • sets interest rates paid on commonwealth deposits
  • hears and decides state tax appeals[3]

Elections

2014

See also: Pennsylvania gubernatorial election, 2014

McCord ran for election to the office of Governor of Pennsylvania. McCord sought the Democratic nomination in the primary. The general election took place November 4, 2014.

In November 2012, McCord was named as a potential gubernatorial candidate in 2014.[5] He took the first step towards entering the race on June 11, 2013, when he filed paperwork to create the "McCord for Governor" PAC in order to raise campaign contributions for the race, and officially declared on September 24, 2013.[6][2]

Endorsements

  • Pennsylvania Conference of Teamsters[7]

2012

See also: Pennsylvania down ballot state executive elections, 2012

McCord won re-election in 2012. He was unopposed in the April 24 primary and defeated two challengers in the general election on November 6, 2012: Diana Irey Vaughan (R) and Patricia Fryman (L).[8]

Pennsylvania Treasurer General Election, 2012
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRob McCord Incumbent 52.5% 2,872,344
     Republican Diana Irey Vaughan 44% 2,405,654
     Libertarian Patricia Fryman 3.5% 190,406
Total Votes 5,468,404
Election Results via Pennsylvania Department of State.


2008

General

On November 4, 2008, McCord defeated Republican Tom Ellis and Libertarian Berlie Etzel to become Pennsylvania Treasurer.[9]

Pennsylvania State Treasurer, 2008
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngRob McCord 55% 3,104,242
     Republican Tom Ellis 42.9% 2,422,608
     Libertarian Berlie Etzel 2.1% 119,748
Total Votes 5,646,598

Primary

On April 22, 2008, McCord defeated three opponents to win the Democratic primary.[10]

Pennsylvania State Treasurer Democratic Primary, 2008
Candidate Vote % Votes
Green check mark transparent.pngRob McCord 43.2% 783,675
John F. Cordisco 26% 472,027
Jennifer L. Mann 24.3% 441,745
Dennis Morrison-Wesley 6.5% 118,696
Total Votes 1,816,143

Campaign donors

Comprehensive donor information for McCord is available dating back to 2008. Based on available campaign finance records, McCord raised a total of $8,505,110 during that time period. This information was last updated on July 24, 2013.[11]

Rob McCord's Campaign Contribution History
Year Office Result Contributions
2012 Pennsylvania Treasurer Won $2,053,212
2010 Pennsylvania Treasurer Not up for election $-607,610
2008 Pennsylvania Treasurer Won $7,059,508
Grand Total Raised $8,505,110

2012

McCord won re-election to the position of Pennsylvania Treasurer in 2012. During that election cycle, McCord raised a total of $2,053,212.

2008

Ballotpedia collects information on campaign donors for each year in which a candidate or incumbent is running for election. The following table offers a breakdown of Rob McCord's donors each year.[12] Click [show] for more information.


Recent news

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Personal

McCord currently lives in Montgomery County with his wife, Leigh Jackson. They have two sons.

See also

External links

BP-Initials-UPDATED.png
Suggest a link

References

Political offices
Preceded by
Robin Wiessmann (D)
Pennsylvania Treasurer
2009-present
Succeeded by
NA