Weekly News from COBRT - July 24, 2018
July 24, 2018
View From The Top Is Less Than A Month Away! Don't Wait To Register!
View From the Top CEO Panel Luncheon with Western Union, Red Robin, and Jacobs Engineering is less than a month away. You don't want to miss out on this amazing event hosted by the Colorado Business Roundtable and Denver Business Journal. 

This year's event will be Monday, August 20th from 11:00 am to 1:00 pm at CU South Denver. 

The U.S. Chamber of Commerce is planning to launch a campaign against President Donald Trump's trade policies. Reuters was the first to report on the campaign Monday. The chamber is using analysis from each state to argue that the recent tariffs will make U.S. made goods pricier, which will lead to lost sales and lost jobs. 

The economy has come roaring back to life under President Trump. In May, unemployment fell to 3.8 percent - its lowest level in nearly 50 years. Optimism among employers, particularly manufacturers and small businesses, has reached historic highs in the 6 months since tax reform became law. Many economists expect the winning streak to continue, predicting second quarter GDP growth to exceed 4 percent. This high-energy growth environment presents both a challenge and an opportunity. The challenge is that companies must find more workers with specific skill sets to fill an increasing number of open jobs. The opportunity is that with more affordable, relevant training, many American workers will now have the chance to move into better jobs that deliver bigger paychecks. 

At a White House event attended by Business Roundtable CEOs, President Trump on Thursday signed an executive order creating the President's National Council for the American Worker and the American Workforce Advisory Policy Board. "This partnership between business leaders and the Administration will expand high-quality training programs that align skills to employer needs and provide America's workers with the right tools to excel in the jobs of today and tomorrow," said Wes Bush, Chairman and CEO of Northrop Grumman and Chair of the Education and Workforce Committee, in a Business Roundtable release. The new federal council is charged with developing a national strategy on workforce issues. The advisory board will draw from business, education and other outside groups to submit recommendations to the council on improving U.S. education and training.

U.S. Chamber of Commerce Executive Vice President of the Center for Capital Markets Competitiveness (CCMC) Tom Quaadman issued the following statement upon House passage of the "JOBS and Investor Confidence Act of 2018," commonly known as the JOBS Act 3.0.

University of Colorado President Bruce D. Benson will retire effective July 2019, according to a statement released Wednesday. The 80-year-old self-made millionaire and former oilman has served in the role since 2008, overseeing tremendous growth at a university with four campuses - in Boulder, Denver, Colorado Springs and the Anschutz Medical Campus in Aurora. 

This past week COBRT had the pleasure of going on Panasonic's CityNow tour where we learned the plans of the SmartCity being developed by the airport. We even got a glance at Denver's first Easy Mile Driverless Shuttle. 

At more than nine years, the country's current economic expansionary period is the one of the longest in history. And Colorado has blossomed as one of the strongest economies in the country since the Great Recession in 2008. "The U.S. is in the midst of one of the longest economic expansions of all time and our region has benefited greatly from this period of opportunity and growth," Russel Schmucker, the regional president for Sunflower Bank's Denver metro region, said. Compared to most cities in the U.S., Denver's recovery from the Great Recession has been strong. But signs of economic uncertainty are lurking. 

In 1981, Andrei Iancu, the undersecretary of commerce for intellectual property and director of the U.S. Patent and Trademark Office, came to America from Romania. He said he hopes to give back to the U.S. through his new position, which the U.S. Senate confirmed him to by a vote of 94-0 in February. "I came several decades ago with literally nothing and the opportunities that this country has given me have been tremendous, and I have a deep sense of debt that I owe to this country," Iancu said. "I've always wanted to find a way to give back a little bit and this opportunity gives me that chance."

CEO Jonathan Fitzhugh Is Camoflaging The Infrastructure For An Increasingly Wireless World
A shift in focus has paid off handsomely for ConcealFab, which is enjoying tremendous growth. The company doubled revenues in 2016 and 2017 and is looking to do the same this year. In late 2017, it moved from a 23,000 square foot facility on Colorado Springs' west side to a new 96,000 square foot facility on the city's fast growing north side. 

Governor's Coaching Corps is excited to announce that they have opened applications for the second cohort of the Governor's Coaching Corps, an intensive, nine-month professional development program for Colorado career coaches. Colorado coaches who are accepted into the program will build their coaching skills, leverage new tools to better serve job seekers, and work in action teams with coaches from across the state to come up with best practices to better serve job seekers. 

Booming technology company Conga will consolidate its facilities from four states into a global headquarters in Broomfield, adding as many as 570 new jobs in the next eight years. Colorado Economic Development Commission officials confirmed Thursday the company has accepted an offer as much as $8.2 million in state job-growth incentive tax credits - as well as a yet-to-be-determined break on personal-property and use taxes from the city of Broomfield - to remain in the community where it has grown from a tech start-up to a business with some 650,000 people using its products in 85 countries. Conga was offered the incentives at the May EDC meeting under the pseudonym "Project Safari."

After nearly 1,000 sessions were submitted and over 25,000 votes were cast, we are excited to announce the Denver Startup Week 2018 Schedule. Once again the community put its best foot forward and helped create the best collection of panels, workshops, keynotes, and beyond for this year's event. 

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.

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STEM/Manufacturing Collaborative Kick-Off - Arvada Chamber of Commerce



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