We are putting more money into fixing what's broken in the infrastructure than in 30 or 40 years. There are 500 road, rail, and bridge projects underway right now, there'll be another 100 before the summer. Wastewater treatment, broadband expansion, public and affordable housing, restoration of college and university campus. Fifty-four thousand acres of open space preserved in the last year and a half, recreational facilities we're investing in.
It's not very glamorous stuff, but the level of neglect we inherited was shocking. And it is about investing in ourselves, in our economic foundation, in our future, and it's creating jobs right now as well.
And you can marry anyone you love in the commonwealth, which is another thing I'm proud of.
There's some other accomplishments of the first term and there's some we're still working on for the first term. But having said all that, I'm not seeking a second term as a reward for the first. I want a second term to finish what we started. You know, it's great to have the tools to close the achievement gap, but we still have an achievement gap to close. We have done so much good work to transition Massachusetts for the innovation economy of tomorrow. The life sciences and biotech had a wonderful announcement today [that Merck will relocate a headquarters to Massachusetts], some news today in biotech which we can talk about. Clean tech is really coming on strong; IT [information technology]; healthcare education as an industry; but we still have a lot of people out of work who need to be transitioned to that new economy. What is it, 97.5 percent of our residents are insured? Not another state can touch us, but that insurance still has to be affordable.
So there are issues for small businesses and families in particular, of a long-term nature and of an immediate nature, and I hope we can talk some about that. So there are things we started that we want to finish and that's what this second term is for.
It's been a heck of a ride. I tell you, I anticipated a bunch of things, but not everything. I knew that change would be hard; I didn't expect that to do some of the change we would end up in hand-to-hand combat with our friends. I knew that money would be tight, I did not anticipate a global economic collapse.
But when I look at independent indicators, you know, Philadelphia Fed [Federal Reserve] issued a report recently, it was in the last couple of weeks, showing that Massachusetts economies outperformed 48 other states in the last quarter of 2009. We've been ahead of most other states through this recession anyhow, but we are gaining, which is great. Business confidence has been up each — what is it — 10 of the last 11, or 11 of the last 12 months. We've got young people and families moving into Massachusetts faster than they're moving out for the first time in 20 years.