Weekly News from COBRT
June 7, 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

Colorado-Canada Trade:
  • Colorado exports to Canada: $1.3 billion
  • Colorado imports from Canada: $2.8 billion
  • Bilateral trade: $4.1 billion 
  • Colorado services exports to Canada: $1.2 billion

Does your company do business with Canada?
The United States Trade Representative has published a Notice in the Federal Register inviting comments from "interested persons"  (interpreted widely) on the modernization of the NAFTA.  

The request for comments closes on Monday, June 12, 2017.  The USTR also intends to hold a hearing on  Tuesday, June 27, 2017.
Given the scope of the Colorado business community's interests in trade and investment with Canada, we would be most grateful if you would agree to provide input into this consultative process.

Supportive statements by US organizations and corporations on the value of the trade relationship with Canada and the need to preserve the gains achieved as we seek to modernize NAFTA would be helpful inputs to the USTR as it formulates the US negotiating position.
By way of suggestion, the input could include:
  • Description of Colorado's trade and investment relationship or interests with Canada;
  • Value of this trading/investment relationship to the state; and
  • Efforts to modernize the NAFTA must centre on enhancing the competitiveness of the North American region and integrated supply chains, to the benefit of all Parties to the Agreement. 
PENWR has launched a NAFTA Modernization Survey to gather feedback from across North America, collecting data from industries and organizations. The goal is to develop a set of overarching principles for a renegotiated NAFTA agreement, that PNWER and other associations with bilateral and trilateral linkages (e.g. NASCO) can use to help guide their advocacy efforts with the Trump Administration.  The deadline for the Survey submission is June 15 . The results of the survey will be presented at the PNWER Annual Summit in Portland, Oregon,  July 23-27.

For any questions, please contact Jamie.Caton@international.gc.ca

Colorado Politics, a new digital publication launched last November, and the venerable, 118-year- old Colorado Statesman are joining forces to become the leading voice of political coverage in the state.

The websites of the two media companies will become one June 1, under the Colorado Politics banner. Clarity Media, which owns The Gazette newspaper and several weekly publications in Colorado Springs as well as the Washington Examiner, Weekly Standard and Red Alert Politics in Washington, D.C., will become the Statesman's new owner.

  • Half of U.S. adults would change at least one aspect of their education
  • Major or field of study is greatest source of regret
Approximately half of all U.S. adults who pursued or completed a postsecondary degree would change at least one aspect of their education experience if they could do it all over again, including their major or field of study, the institution they attended, or the type of degree they obtained.

Companies in advertising and marketing in Colorado and nationwide rule in Inc. Magazine's 2017 "Best Places to Work" list, released this week by the magazine.

Of the nine Colorado-based companies that found their way onto Inc's list, four were in the advertising and marketing sector, the most of all sectors included.

To compile  its ranking, now in its second year, Inc. asked employees at more than 1,600 companies nationwide to weigh in on where they work.

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.

In a landmark, precedent-setting decision for the construction and homebuilders industry as well as the state of Colorado, the Colorado Supreme Court provided long-awaited clarity on a key construction defects issue that has stalled construction of affordable condominiums in  Colorado  due to uncertainty on whether  declarant  consent-to-amend provisions  in a condominium declaration  are enforceable.

The June 5 decision in Vallagio at Inverness Residential Condominium Association v. Metropolitan Homes, Inc. ("Vallagio"), authored by Justice Richard Gabriel, affirmed the judgment of the Court of Appeals with two primary take-aways:
  • The Colorado's Common Interest Ownership Act (CCIOA) does not prohibit a declaration from imposing the requirement of declarant consent for amendments.
  • The Colorado Consumer Protection Act (CCPA) does not preclude an agreement to arbitrate CCPA claims against a declarant.
The decision provides greater certainty to the development community, potentially making developers more willing to build condominiums and other attached housing, which would help address the state's current shortage of entry-level housing.

President Donald J. Trump has dedicated this week to addressing America's crumbling infrastructure. The President will be announcing his Administration's infrastructure plans this week on Air Traffic Control, addressing the inland waterway system, and improving project efficiency.

On Monday, President Trump announced his plans to privatize the Nation's air traffic control. Calling for the separation of Air Traffic Control from the Federal Aviation Administration will reduce congestion, flight times, and fuel usage, and will allow America to use and develop modern technology and communication equipment. This will improve safety and restore America's role as a leader in aviation technology.


Business Leaders Positive on Economy: Expectations for Sales, Hiring & Investment Make Sharp Rise

CEOs Stress Tax & Regulatory Reform to Promote Growth

Business Roundtable Chairman Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., and Business Roundtable President & CEO Joshua Bolten will release the results of the second quarter 2017 CEO Economic Outlook Survey on  Tuesday, June 6

Conducted between May 3 and May 24, 2017, the survey is the second to be completed since President Trump took office.

The Q1 2017 survey   reflected a sharp rise in CEO plans for capital investment and hiring, as well as higher expectations for sales.

Read more here  

The pace of U.S. hiring moderated in May, according to the monthly employment report released today by the Bureau of Labor Statistics. Employers added 138,000 jobs, down from 174,000 (revised) in April. 

The unemployment rate fell 4.3 percent, mostly due to a decline in labor force participation. Wages continued to rise at a moderate pace, but non-farm payroll estimates for March and April were revised downward by 66,000 jobs. For more analysis, see The Top Line below and online here.

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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