Weekly News from COBRT
May 30, 2017
Fresh off of guiding Vivra Inc., the nation's second-largest dialysis provider at the time, to an acquisition by Swedish kidney-care company Gambro in 1997,  Kent Thiry  believed he was ready to oversee his next great company.

But as Thiry now acknowledges, he made strategic mistakes, and mistakes when it came to his equity agreements. By 1999, he'd liquidated the company. And the feelings that overwhelmed him at the time - especially the knowledge that people uprooted their lives to work for a business that failed - still linger with him even as he sits in his corner office at the DaVita world headquarters, where he is CEO.

"Human spaceflight is something our country has been proud to be a part of for decades, but it is not a certainty.  The thousands of jobs, spinoff industries, and inspiration is not a sure thing.  Sustaining  these jobs, economic impact and community pride requires constant vigilance.  That is why for the last 25 years, Citizens for Space Exploration has been making the trip to Washington, D.C. 

We go to educate lawmakers about how space exploration affects us and our community, and we need your help doing it.  Congress needs to understand that it's not just astronauts and engineers that rely on NASA; it is our local small business owners, banks, and city governments that need that payroll flowing through our economy.  More importantly, our educators and students need the inspiration provided by the wonder of human space exploration."

CSE made its 26th annual trip to Washington, D.C., last week to advocate for continued support of space exploration. Students' passion for aerospace profoundly impacts our congressional representatives and helps drive action.

COBRT and the Denver Business Journal are teaming up to help introduce you, the community's leaders and constituents, to some of the 2018 gubernatorial candidates for the state of Colorado. 

This interview series will educate us all on the people and the ideas that may make up our state's next executive leadership. The series is also designed to foster conversation, so please feel free to contact COBRT and get involved in this exciting civic process.

What will you ask our next governor?

Colorado Business Roundtable, the  South Metro Denver Chamber, and the  National Immigration Forum came together for a luncheon discussion on  immigration policy.

The keynote subject matter expert was Ali Noorani, Executive Director of the NationalImmigration Forum. He's also the author of the newly released book,  There Goes the Neighborhood: How Communities Overcome Prejudice and Meet the Challenge of AmericanImmigration .

Chamber of the Americas Strategic Partnership Alliance with Carlos Figueroa, CEO of the Greater San Jose Hispanic Chamber of Commerce, as been expanded beyond OPIC to include, EXIM bank and other financial institutions and organizations that support development throughout the International Community.  

Read more here

Coloradans are notoriously active and healthy, known for eating well and exercising regularly. But are they just as diligent about their vision health? Statistics would indicate the answer is probably not, since eye care is often overlooked as an essential component of overall health. 

Fortunately, May is Healthy Vision Month and an ideal time to visit your eye care professional for that vision exam you may have been delaying or to update your current eyewear. Comprehensive eye exams ensure your eyes are healthy and free of serious eye diseases like glaucoma or macular degeneration, and guarantee you get the vision correction you need to see properly. In addition, eye exams can identify damaging chronic conditions, such as diabetes or high blood pressure, early in the disease progression.

Read more here

COBRT & Denver Business Journal are teaming up to bring you a new event.

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

So far, we have confirmed two CEOs:

Jacque Hinman from CH2M
John Hayes from Ball Corp. 

The retail industry is undergoing a dramatic reorganization. Brick-and-mortar shopping is declining significantly, while online retail is reaching stratospheric heights. Amazon sales have increased by almost 2,000% over the last decade while several stores, including Macy's, Bebe and Payless, have announced massive closures.

The overall trend is clear: People want to buy online and only retailers that can embrace  the new e-commerce marketing landscape  will continue to grow. Here are some of the hottest trends shaping digital marketing, as well as tactics that retailers can use to stay relevant.

Will bitcoin exchange-traded funds (ETFs) ever be accepted by regulators in the US or abroad? That's a question that's even more complex than would initially appear, say industry participants.

A better question might be: is it regulators, specifically, that need convincing? After all, the agencies tasked with enforcing existing laws heavily consider input from multiple parties, including banks, many of whom have yet to embrace the still-nascent digital currency.

In the end, an abundance of caution is good not only for investors, but for the cryptocurrencies as well, Ark Invest's Burniske said. This is because huge demand through ETFs could potentially strain the still-developing markets.

The first gold ETF bought $40m in gold each day over its first 30 days, but estimates have suggested an ETF could attract  as much as $300m to the cryptocurrency market.

Colorado Business Roundtable's Inner Circle  gives our members access to Colorado's top business women and men. #COBRTInnerCircle members share their leadership lessons and invite you to learn more about them and their organizations.

Dan Haley serves as President & Chief Executive Officer of the Colorado Oil & Gas Association. As President, Mr. Haley is responsible for leading the industry in Colorado legislative, regulatory, and public relations matters. 
Previously, he was Vice President of Communications, Development and Strategy at EIS Solutions, a public affairs firm where he served as a consultant for numerous corporate and political clients, including oil and gas interests. Prior to that, Mr. Haley spent more than 20 years in the communications field, including 13 years at The Denver Post, where was the Editorial Page Editor. He also was Director of Corporate Communications for CoBank.

Learn more about Dan

"An efficient and dynamic transportation system is vital to our domestic economic growth, productivity and progress. Affecting the cost of every commodity we consume or export, it is equally vital to our ability to compete abroad."
"One of our great material blessings is the outstanding network of roads and highways that spreads across this vast continent. Freedom of travel and the romance of the road are vital parts of our heritage, and they helped to make America great."
Infrastructure - that integrated collection of transportation, water, energy and other public utility networks - is the backbone of a modern, competitive economy. It is a platform for business innovation, productivity growth and job creation. Modern infrastructure provides the basis for an economy that supports a high quality of life.

For the better part of a century, American infrastructure was the envy of the world. U.S. roads, airports, water and energy systems helped make the U.S. standard of living the highest in the world. Other nations looked on, envious of the bold commitment America had made to our economic foundation.

Read more here  
Labor unions and the business community have come together to support a major economic priority-infrastructure investment.  There is no better time for the president and members of Congress on both sides of the aisle to join us in developing a plan to restore and expand the transportation, water and energy networks on which the U.S. economy runs.
As leaders of large U.S. companies and national labor unions, we join today in calling on the administration and Congress to enact a long-term infrastructure plan.
Infrastructure investment creates jobs now and builds a foundation for economic growth for generations to come. We have seen investment in highways, power lines and communication networks pay dividends for decades. It has been decades, however, since our nation has made major infrastructure investment a priority.

In  a letter to Treasury Secretary Steven Mnuchin , Business Roundtable this week detailed  four regulations issued during 2016 that pose significant problems to business and the U.S. economy. These regulations, wrote Mark A. Weinberger, Global Chairman and CEO of EY and Chair of BRT's Tax and Fiscal Policy Committee, "effectively increase tax burdens, impede economic growth, and saddle American businesses with onerous fines, complicated forms, and frustration." 

The letter came in response to  Executive Order 13789   signed by President Trump in April, which instructed Treasury to identify regulations that impose an undue financial burden on U.S. taxpayers; add undue complexity to the federal tax laws; or exceed the statutory authority of the Internal Revenue Service. Among the four cited in the BRT letter were the regulations under Section 385 on whether related-party instruments should be characterized as debt or equity.
Real gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 0.7 percent. With this second estimate for the first quarter, the general picture of economic growth remains the same; increases in nonresidential fixed investment and in personal consumption expenditures (PCE) were larger and the decrease in state and local government spending was smaller than previously estimated.

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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