LATEST NEWS FROM COBRT

Grow Together with COBRT
The Colorado Business Roundtable would like to invite you, your company, and your organization to join or reaffirm your support for common sense immigration reform. We are excited to re-launch the Colorado Compact on Immigration.  We would like to invite your organization to sign on to the Colorado Compact! If you're an existing signatory, kindly provide us with you updated point of contact for your organization.

The Colorado Compact was a bipartisan effort in 2012 to support sensible immigration reform. Driven by the business community, along with stakeholders across Colorado, the Compact  recognizes the important role that immigration plays in driving economic growth in our state and need for reform. Our voices must be at the table as Congress grapples with modernizing our immigration system. Colorado is home to half a million immigrants who pay $4.2billion in taxes. They fuel our labor force at a time when we face record low unemployment and are challenged to find people to fill the jobs that keep our state running-- and competitive.

Give credit where it's due. President Trump and the White House have put together an immigration plan that recognizes the short-and long-term challenges that America faces in the labor market. These challenges are a direct threat to the future of the nation, and we must begin treating them seriously. Our current immigration system is broken and doesn't meet the needs of the American people. These laws were written in the 1960s for America and an American economy that, quite frankly, no longer exist. The economy has evolved from one heavily focused on manufacturing, as it was decades ago, into a service-based economy. Manufacturing output, though, is at or near-record levels, although employment has declined due to automation. 

Business Roundtable issued a statement ahead of President Trump's announcement of the Administration's immigration reform plan, welcoming its efforts to modernize current policy and calling on Republicans and Democrats to work together to reach a "durable solution." The statement outlined Roundtable priorities such as the need for high-skilled immigrants, especially in STEM fields, and the use of high-tech approaches to strengthen border security. "A comprehensive solution should address not only skills-based immigration and border security," the statement read. "It should also incorporate policies to improve access to temporary workers with skills needed in the marketplace and provide a practical solution for undocumented immigrants and those living under temporary relief from removal, including Dreamers."

Chair and Chief Executive Officer Steve Demetriou of Jacobs represented Business Roundtable at the kickoff Monday for Infrastructure Week, pointing to a recent Roundtable study that shows that every dollar invested in infrastructure returns roughly $3.70 in additional economic growth over 20 years. "The bottom line: Modernizing our highways, bridges, airports, and waterways will produce big returns for all Americans," Demetriou said. See video here.

Home to over 3,000 booming tech companies, the Denver-Metro area is taking its place as one of the Top Tech Towns in the US (2018, Denver Business Journal). To cultivate Denver's tech growth, Colorado Technology Association, British Airways, and Ebags are offering one lucky winner a chance to win a spot in a Denver Economic Development & Opportunity-led delegation trip to London Tech Week, June 10-14!  Winner will accompany delegates from leadership from state and local government, trade associations, and C-level executives of some of Denver's fastest scaling companies. With over 55,000 attendees, London Tech Week is widely considered one of the most relevant tech events in Europe.  London Tech Week "connects international communities from across the spectrum to address how access to tech can have a profoundly positive impact in society and business," (LondonTechWeek.com). Together we are nourishing the entrepreneurial spirit.

Southwest Airlines will break ground on a new $100 million maintenance hanger at the Denver International Airport in the next few months, Gary Kelly, the CEO and chairman of Southwest Airlines, announced Wednesday morning at the company's annual meeting of shareholders. 

In the Colorado 2018 election cycle, more than $82 million was donated to independent expenditure committees (IEC's), Colorado's version of SuperPAC's. These are committees that can raise and spend unlimited amounts of money to support or oppose, political candidates and ballot initiatives. Of that $82 million, more than 75% came in donations of $100,000 or more with 80% originating from 'dark money' sources hard to trace.
Join Secretary of State Griswold for a discussion about recent legislative action in the 2019 Colorado General Assembly on campaign finance and disclosure reform.

The American Petroleum Institute named Lynn Granger to lead its Colorado industry advocacy organization. Granger's hiring was announced Thursday. She becomes executive director of the Colorado Petroleum Council after a year of being COO of Colorado Concern, a regional business advocacy organization. 

The Downtown Denver Partnership released today its 2019 State of Downtown Denver report. The report, funded in part by the Downtown Denver Business Improvement District, is the most comprehensive statistical look at the stories and statistics behind a thriving Downtown Denver, detailing increasing investment, strong office market fundamentals, a growing and highly-educated workforce, and a vibrant residential population in our center city.

Gov. Jared Polis on Friday signed a quarter of bills into law that represent the most significant steps that Colorado legislators took this year to addressing the state's housing-affordability crisis. The bills were among about a dozen bills that addressed housing in some form or fashion, ranging from a failed effort to allow local governments to impose rent-control measures to several measures that aim to help tenants by limiting housing-application fees or giving them more time to cure delinquent payments. House Speaker K.C. Becker, D-Boulder, had said they were part of a bigger-picture goal of easing the rising cost of living for working-class Coloradans. 

Colorado Business Roundtable applauds our administration's announcement that United States, Mexico and Canada have come to a resolution that lifts steel and aluminum tariffs as well as corresponding retaliatory tariffs. This important step helps clear a major hurdle in finalizing the U.S.-Mexico-Canada Agreement (USMCA).

"The announcement is viewed as a significant step toward ultimate passage of USMCA, of which Colorado Business Roundtable (COBRT) has played a key role in garnering support from our congressional delegation, as well as the business community, states Jeff Wasden, COBRT President. "Trade with Canada and Mexico is critical to growing business and putting more Coloradans to work."

Trade in North America has reached $1.4 trillion and supports more than 12 million American jobs. Passing implementing legislation for USMCA this year will help broaden and expand trade opportunities with our closest neighbors.

Listen at KDMT 1690 AM Denver's Money Talk from 
4-5 p.m. Monday through Friday or  live stream online. Podcasts are available at  http://www.cobrt.com/radio-podcast and on your favorite podcast app the day after live airing.

Stream or Download These Recent Episodes

05/22/19
Legacy of Learning Awards 2019 - Emily Griffith Foundation

05/28/19

06/13/19
President Janine Davidson to Fireside Chat with Vicente Fox - MSU and COBRT
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