Weekly News from COBRT - December 4, 2018
December 4, 2018
Thank you to everyone who attended and supported the Champions in Industry Awards Luncheon. We want to give a big thank you to our keynote speaker, Reggie Rivers and Lt. Governor Donna Lynne. We also want to say thank you to our sponsors University of Denver, Colorado Workforce Development Council, CAP Logistics, ICOSA Media, AT&T, JPMorgan Chase, Colorado Petroleum Council, Common Sense Policy Roundtable, Vital for Colorado, University of Colorado Boulder, Metropolitan State University - Denver, Denver Regional Council of Governments, Catalyst Accelerator, C-TRAC, and Manufacturer's Edge for supporting this event. We hope you enjoyed your time with the Colorado Business Roundtable.

To see the photos from the event and learn more about the finalists click here
Colorado ranks No. 8 on Forbes' 13th annual ranking of the best states for doing business in 2018, holding its spot in the top 10 from last year. In Forbes' latest installment, states were scored on business costs, labor supply, regulatory environment, economic climate, growth prospects, quality of life and population. Colorado ranked No. 1 for labor supply and No. 2 for economic climate, but ranked No. 40 for cost of doing business. 

Jefferson- County based Lockheed Martin Space and Amazon have teamed up on new services to make retrieving and working with data from satellites easier and more affordable. The idea is to do for satellites what cloud computing did for web-based companies - making satellite information, such as earth images and weather data, more broadly accessible to organizations without big budgets for ground station hardware. 

President Trump on Friday signed a three-way trade deal with Mexico and Canada that will replace NAFTA if approved by Congress. Trump signed the U.S. Mexico Canada trade agreement in Argentina on the side of the G-20 summit. "This is a model agreement that changes the trade landscape forever, and this is an agreement that first and foremost benefits working people, something of great importance to all three of us here today," Trump said. 

Business Roundtable this morning issued a statement after President Trump, President Pena Nieto of Mexico and Prime Minister Trudeau of Canada signed the U.S.-Mexico-Canada Trade Agreement (USMCA) in Buenos Aires. "Business Roundtable commends the United States, Mexico and Canada for signing an agreement that maintains the trilateral structure of the North American trading relationship," the statement said, urging the removal of Section 232 steel and aluminum tariffs and retaliatory tariffs among all three countries. Business Roundtable will review the text of the agreement, address any issues that arise, and work with the Administration and Congress "to move USMCA across the finish line," the statement concluded.

NASA has chosen two Colorado companies, Lockheed Martin Space and Deep Space Systems, to be part of a $2.6 billion program aimed at spurring commercial missions to the moon over the next decade. The companies will be part of a new NASA effort called the Commercial Lunar Payload Service program unveiled Thursday. The program is meant to pick companies that can help organize commercial missions to the lunar surface in the 2020s, the agency said. 

An overhaul has reshaped Denver's best-known independent oil and gas company and set it up to become a significant national player in the industry under a new executive team. The new leadership of Whiting Petroleum Corp. outlined where the business is headed in an exclusive interview with Denver Business Journal, saying the Denver-based company is positioned for big things. 

The Bureau of Economic Analysis this week reported that U.S. GDP grew at 3.5 percent in the third quarter 2018 (second estimate), a moderate deceleration from Q2. Consumer spending, government spending and private inventories all expanded robustly. Net exports and residential investment both contracted, together subtracting two full percentage points from growth. Meanwhile, business investment decelerated sharply from Q2 but still expanded modestly. For more, see The Top Line below or online here.

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