Weekly News from COBRT - June 26, 2018
June 26, 2018
View From The Top Is August 20th!
The Denver Business Journal and Colorado Business Roundtable are pleased to present A View From The Top CEO Panel Luncheon. This year's event will be Monday, August 20th from 11:00 am to 1:00 pm at CU South Denver. 

The panel includes:
  • Steven Demetriou, CEO, Jacobs Engineering
  • Hikmet Ersek, CEO, Western Union
  • Denny Marie Post, CEO, Red Robin
Gov. John Hickenlooper has drawn some strong reactions to his executive order Tuesday requiring the Colorado Department of Public Health and Environment to draw up rules increasing emission standards in order to increase the percentage of cars on the road that are low-emissions vehicles. The rules are to based on similar standards adopted by the state of California. 

Supreme Court Hands States A Victory In Tax Case That May Cost Consumers
The Supreme Court on Thursday ruled that states can force out-of-state retailers to collect sales tax on purchases by their residents, sweeping away decades of precedent. The decision means states are free to collect billions of dollars in extra revenue from online retailers, at a time when many state officials complain it's difficult to balance their budgets, and that many consumers may pay more for online purchases. 

Amazon officials have written to economic-development leaders in Denver and in the other 19 metro areas being considered as a location for the company's second headquarters to tell them the process continues to move along and that their next decision is likely to narrow the field to a small group of finalists rather than a single location that will be home to HQ2. 

Colorado Governor John Hickenlooper was one of ten governors to speak at SelectUSA. SelectUSA was attended by over 3,000 people with 1,000 looking to locate their companies or make direct investments in the United States. All 50 states attended this year's conference. Colorado Business Roundtable attended for the second straight year to discuss why locating or investing in Colorado was the right decision.

Lower Costs, Fewer Benefits In New Health Insurance Option
The Trump administration's new health insurance option offers lower premiums for small businesses and self-employed people, but the policies are likely to cover fewer benefits. Another caveat: if healthy people flock to the new plans as expected, premiums will rise for those who need comprehensive coverage. President Donald Trump and Labor Secretary Alex Acosta rolled out their final blueprint for "association health plans" on Tuesday, with Trump promising a small-business group that "you're going to save massive amounts of money and have much better health care." 

For all of the policy differences splitting the Democratic gubernatorial candidates and the pointed accusations marking the Republican governor's race, there is no statewide contest in which the primary candidates are as far apart on issues or on conviviality as the Democratic battle for the Attorney General nomination. 

COBRT President Jeff Wasden attended the United States Global Leaders Coalition in Washington DC last week. Wasden serves on the state advisory committee, along with many of Colorado's top leaders. The conference included Hill visits to talk about the importance of development and diplomacy, in addition to defense. Colorado leaders met with Senator Bennet, Senator Gardner, as well as several of our congressman. The conference is supported by many of Business Roundtable fortune companies such as Siemens, Lockheed Martin, Citi, and others. The President and CEO of the Business Roundtable, Josh Bolten was one if the lunch speakers and talked about his role as Chief of Staff for President Bush.

Business Roundtable Calls For Action On Immigration, End To Separating Parents And Children
Business Roundtable this week urged Congress to resolve the immigration status of children brought by their parents to the United States. "Instead of relying on the courts to determine their legal status, lawmakers should protect these young people who are making contributions to our nation as soldiers, students, and workers," said Immigration Committee Chair Chuck Robbins, Chairman and CEO of Cisco Systems, Inc. At the same time, he said, work on the issue should not involve cuts to legal immigration that would undermine U.S. economic competitiveness. Business Roundtable also called on the Administration to end the separation of unaccompanied minors from parents illegally crossing the U.S. border. "This practice is cruel and contrary to American values," Robbins said in the statement that drew global media coverage. (See Fortune interview with Robbins, news report on Chairman Jamie Dimon's message to JPMorgan Chase employees.) On Wednesday, President Trump signed an executive order to end family separations at the border. An enforcement-focused bill failed in the House  on Thursday; a vote on an immigration bill favored by Speaker of the House Paul Ryan is next week.
Business Roundtable today launched the Workplace Partnership Initiative, creating public-private partnerships to unite CEOs, their companies, and local colleges and universities in support of effective skills development programs. "Through this first of its kind model, we are aligning our business priorities and technological advances to build and grow local efforts that provide workers with the skills and education tools they'll need to succeed," said Business Roundtable Chairman Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co. "Today, there are more job openings in America than the number of people who are actively looking for work - a sign of the continued difficulty of U.S. employers to find workers who have the skills to fill open positions," added Wes Bush, Chair of the Education and Workforce Committee and Chairman and Chief Executive Officer of Northrop Grumman Corporation. Business Roundtable CEOs will take the lead in seven regions. For details on the regions and lead CEOs, see the news release and Fortune article, "Here's How Some of America's Biggest Companies Plan to Shake Up Worker Training."

Cybersecurity is a cost of doing business with government-but it doesn't have to be an unreasonable financial hit. The most important message about being compliant with the NIST 800-171 guidelines is simply "get started". Put your action plan together and work the plan! This workshop will walk you through the cybersecurity guidelines, talk you through a preliminary self-assessment, and offer templates to help you define and implement your security program. Questions addressed during the workshop include the following:
  • Why should we care about cybersecurity and NIST 800-171?
  • What is at risk (business and contractual impact)?
  • What are current and emerging supply chain threat exposure concerns?
  • Which areas did DOD identify in recent audits as the most common for noncompliance?
  • Where do we start?
Let Manufacturer's Edge help you boost your cyber (and business) resiliency and defend your competitive position within the aerospace and defense supply chain. Don't be the weak link!

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
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