Weekly News from COBRT
July 6, 2017
Denver Business Journal and Colorado Business Roundtable bring you a unique CEO Panel event, View from the Top. Join us on Friday, July 11th at History Colorado as we explore the unique challenges, opportunities and lessons learned from some of Colorado's top CEO's.

A View from the Top
Save the date: July 11, 2017

7:00- Check-In, Coffee service
7:30-9:00 Panel

Jacque Hinman, CEO of CH2M
John Hayes, CEO of Ball Corp.
Mike Fries, CEO of Liberty Global

Revellers, police and some protesters converged on Canada's national capital on Saturday for a party that has been years in the planning. Canada marked its 150th anniversary as a country in towns, cities and at backyard barbecues nationwide. But the biggest bash was at Parliament Hill in Ottawa, where thousands of people joined the celebrations. 
Boeing has a presence in Colorado through its 2000 acquisition of Colorado-based Jeppeson, a navigational data business based near Centennial Airport in Arapahoe County. 

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U.S. GDP rose 1.4 percent in Q1 2017, the Bureau of Economic Analysis  announced in its final estimate , which reported upward revisions to consumer spending on services and net exports. 

Congress should move quickly on 2018 budget reconciliation to aid swift passage of pro-growth tax reform, four major business associations said in a letter to congressional leadership. "You now have a once in a generation opportunity to substantially improve America's economy, but accomplishing this task may well require the special legislative procedures attendant to a budget resolution's reconciliation instructions," wrote the heads of the Business Roundtable, U.S. Chamber of Commerce, National Association of Manufactures and National Federation of Independent Business. 

Business Roundtable this week expressed support for H.R.2997, the 21st Century Aviation Innovation, Reform and Re authorization (AIRR) Act, praising the six year re authorization of the Federal Aviation Administration for modernizing air traffic control and airport infrastructure. The bill "would allow technology and facilities to be upgraded more quickly, improve overall efficiency, lower costs and get passengers to their destinations more quickly -- all while maintaining and improving safety," said Jacqueline Hinman of CH2M, Chair of BRT's Infrastructure Committee, in a statement. The House Transportation Committee reported the bill out Wednesday on a 32-25 vote. 

BRT this week filed an amicus brief in Leidos, Inc. v. Indiana Public Retirement System, a case where the Supreme Court will decide whether Item 303 of SEC Regulation S-K- setting business reporting requirements - creates a duty to speak for purposes of a private securities fraud action. If the court upholds a Second Circuit ruling, public companies will face a much broader range of private securities litigation.  In addition, Item 303's open-ended and forward-looking disclosure requirements are notoriously difficult to apply. 

Executive Branch agencies this week took steps to counter two regulations that BRT had identified in a February letter to the White House as "top regulations of concern." On Monday, the Environmental Protection Agency and U.S. Army Corps of Engineers announced a proposed rule to rescind the 2015 Waters of the U.S. regulation that expanded federal control over local waters. The Department of Labor on Tuesday started reconsideration of the 2016 "overtime rule" - which nearly doubled the annual salary threshold used to determine which employees are eligible for overtime pay - by sending a request for information to the Office of Management and Budget. Earlier this month, the EPA also delayed the implementation of the 2105 ozone standards for one year, another BRT - identified priority regulation. 

Tracee Bentley is Executive Director of the Colorado Petroleum Council, a statewide organization focusing on energy priorities in the state, including hydraulic fracturing and energy infrastructure, as the state seeks to create jobs, generate more revenue to the government and produce more domestic energy.

Prior to joining the Colorado Petroleum Council in March 2015, Bentley served in several key positions including Legislative Director & Senior Advisor on Energy and Agriculture and Deputy Director of the Colorado Energy Office for Governor John Hickenlooper.

Learn more about Tracee
Emphasizing commercial, technological and national security opportunities in space, President Donald Trump signed an executive order Friday re-establishing the National Space Council, a space policy advisory and steering group that was last active nearly 25 years ago. 

The directive to relaunch the council was promised by Trump's presidential campaign, and Vice President Mike Pence announced in March that he would chair the reinstated National Space Council. 

Read the full article in Spaceflight Now
Construction needs skilled workers, and they can't hit the job market quickly enough. Industry officials in Colorado say the shortage of skilled labors is at a crisis level. They need people now - to build homes, malls, office buildings and roads. 

In a state with a red-hot real estate market and hundreds of new residents arriving each day, the situation isn't expected to improve anytime soon. Experts at Colorado State University's department of construction management estimate that by 2025 there will be 96,000 vacancies in the construction trades - a 38 percent increase from today. 

The Job Creators Network launched a major new campaign called "Fight for $50" which seeks to change the conversation from raising the wage floor to raising the wage ceiling for average workers. The campaign fights for $50,000 a year careers, not a counterproductive $15 an hour minimum wage mandate. 

The campaign calls on legislators to protect entry-level jobs where employees can learn the skills necessary to land one of the millions of available middle-skill jobs paying $50,000 or more. That means avoiding activist calls to dramatically raise the entry-level wage and reduce skill-building job opportunities. 

July 10-14, 2017 

The Colorado Space Business Roundtable (CSBR) is visiting communities around the state to:
  1. Meet with local businesses that are interested in becoming a supplier or subcontractor to the larger aerospace companies such as Boeing, Lockheed Martin, Sierra Nevada, United Launch Alliance, Teledyne Brown Engineering and many others. Opportunities are not limited to businesses that currently work in aerospace.  Almost any product or service could potentially have opportunity.
  2. Meet with local officials, students, educators, and anyone who is interested to learn about the impact aerospace has on our nation, state, and the benefits to every community in Colorado.
  3. Meet with students and educators to discuss educational opportunities such as internships and other programs involving Colorado aerospace companies and organizations.
South Dakota Gov. Dennis Daugaard was elected Wednesday to serve as chair of the Western Governor's Association and will emphasize workforce development in his one-year term.  In accepting the role as chairman in the gathering in Whitefish, Mont., Duagaard announced the launch of the new WGA initiative on workforce development. 

"Economic growth in the West depends upon states having a workforce that is properly aligned with future economic needs," said Daugaard.  "As laboratories of democracy, our states have been employing different strategies to meet this challenge and through this initiative, western states will have opportunity to learn from one another's successes."

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  www.cobrt.com/radio and on your favorite podcast app the day after live airing.

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7/10 - 7/14/17

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Start of Colorado Tech Tour 2017 - Colorado Technology Association

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