Weekly News from COBRT - July 31, 2018
July 31, 2018
View From The Top Is On August 20th! Register Today!
The Denver Business Journal and Colorado Business Roundtable are pleased to present A View From The Top CEO Panel Luncheon. Join Steven Demetriou, CEO of Jacobs Engineering; Hikmet Ersek, CEO of Western Union; and Denny Marie Post, CEO of Red Robin as they discuss challenges and opportunities they face in leading fortune companies. 

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

The national debt continues to rise while our leaders struggle to pass a federal budget. Can you do better? Here's your chance to find out. The national debt is higher than it has been since just after World War II. And it is rising towards unprecedented - and unsustainable - levels. High and rising debt will threaten economic growth and the standard of living for all Americans as investment dwindles and the country becomes less competitive. 

"We pledge to invest in both students and workers by providing opportunities for education and training that will help more Americans thrive in the modern workplace." That is a quote from the "Pledge to America's Workers," which is part of the White House's new workforce initiative launched this week. President Donald Trump signed an executive order establishing the National Council for the American Worker and the American Workforce Policy Advisory Board. The council will work on a national campaign to promote investment in our nation's workforce. The board will consist of approximately 25 leaders from the private, not-for-profit, and public sectors who will offer their expertise and advice for smart policy development. 

The Business Higher Education Forum (BHEF) is partnering with NORC at the University of Chicago (NORC), an independent research organization, and Northeastern University on a research project to better understand how organizations are approaching work-based learning experiences in terms of talent identification - recruiting, training, and connecting work and learning. As part of that research, they are requesting that Chief Human Resources Officers or Chief Talent Officers complete this survey. The survey should take 15 minutes to complete. 

COBRT And Gallup Trip
This past week COBRT helped convene a delegation of business leaders to Omaha to explore Colorado's potential involvement in a statewide program for Colorado's youth around builders and  entrepreneurs.  COBRT recognizes the long-term value of creating a powerful ecosystem of builders and the startup community  to spur economic prosperity and business growth for the state. Key partners include higher education, Junior Achievement, and Colorado Workforce Development Council. If you are interested in learning more, please let us know.  Thank you to Gallup and Buildertrend for having us. 

You're invited to join Colorado Succeeds, 9NEWS, and mindSpark Learning for the biggest night of the year for Colorado's educators: The Succeeds Prize! This one-of-a-kind awards celebration will recognize and reward Colorado's schools and teachers with more than $150,000. The event, to be held on Tuesday, September 18th at the Ellie Caulkins Opera House in Denver, is free with advanced registration.

Increasing The Oil And Gas Setback Requirement To 2,500-Feet In Colorado
From education to infrastructure to energy, the REMI Partnership examines the economic impacts of policies, initiatives, and proposed laws by employing dynamic modeling and thorough policy analysis that measures the impact of each measure on the Colorado economy. This study is meant to give voters and policymakers in the state of Colorado sound and policy information regarding Ballot Initiative 97, which, if passed, would heavily impact the state economy. The REMI Partnership strives to provide policymakers, community leaders and citizens of Colorado the facts and figures on free enterprise issues that impact their lives. 

Business Roundtable this week welcomed a draft infrastructure plan released by Chairman Bill Shuster (R-PA) of the House Transportation and Infrastructure Committee, calling it a "good and welcome step" toward reaching bipartisan consensus on policy and financing. In a statement, Mike Burke, Chairman and Chief Executive Officer of AECOM and Chair of the Business Roundtable Infrastructure Committee, said: "With each passing day, fixing America's broken infrastructure gets more difficult and more expensive to solve. That's why proposals to shore up the Highway Trust Fund - scheduled to go bankrupt in 2020 - merit serious consideration."

One of the contractors collecting petition signatures to get a measure increasing restrictions on Colorado oil and gas operations on the November ballot has pulled out of Colorado, and some of its employees are left unpaid. Six other firms are still collecting signatures for Initiative 97, which would force oil and gas operations to be at least 2,500 feet from homes and other occupied business, up from the current setbacks of 500 feet for homes and 1,000 feet for schools. 

Tariffs Are a Tax That Will Hurt U.S. Companies, Linebarger Writes In New York Times
In a column for The New York Times, Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc., profiled the company's plant in Seymour, Ind., to warn about the cost of U.S. and foreign retaliatory tariffs for U.S. companies. "For Cummins, the impact of tariffs on steel and aluminum, tariffs applied to products we bring to the United States, as well as retaliatory tariffs imposed on products we export to other countries will be difficult to mitigate even with the benefits of tax reform," he wrote. "And this does not take into account the latest and additional proposed tariffs, nor does it include the indirect costs that, inevitably, will be passed through to us and other companies like us by suppliers." The Seymour plant exports 80 percent of its products, made possible by its access to global markets, he argued. Business Roundtable Chairman Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co., also spoke on trade issues in a CNN/Money interview covering tariffs, China and NAFTA.

Larry Atencio is steering his Ford Explorer through the streets of Pueblo, Colo., pointing out how the city is going green. There's the site of a planned community solar garden in an up-and-coming neighborhood, a manufacturing plant for wind turbines that opened in 2010 and the largest solar farm in Colorado, an array of 450,000 panels on 900 acres. Atencio, a small-business man who for years made and sold his own candy and now serves on the city council, has spent years trying to turn this industrial town on the Front Range into a hub for green-energy projects. "Pueblo is becoming quite the renewable-energy city," he says with a grin. 

For the first time, Denver has broken into the top 10 on a list of North America's top tech cities. The "Scoring Tech Talent in North America" list has been created by real estate giant CBRE for the past six years and ranks 50 North American cities on criteria such tech talent supply, growth, concentration, cost, completed tech degrees and the outlook for office and apartment rent cost growth. Denver is No. 10 on the latest list, ahead of larger cities such as Dallas, Chicago, and Los Angeles. Last year, Denver was No. 12 on the list. 

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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View From the Top - Colorado Business Roundtable & Denver Business Journal


The Succeeds Prize - mindSpark Learning, Colorado Succeeds, and 9News
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