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LEADERSHIP. REACH. RESULTS.
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Colorado Business Roundtable would like to say thank you to all of our partners. We appreciate all of your support. Have a Happy Thanksgiving.
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Colorado business leaders' confidence slipped into negative territory ahead of the fourth quarter of 2019, according to the University of Colorado's Leeds Business Confidence Index. It was the first pessimistic outlook recorded by the survey since the second quarter of 2011 and the lowest index value since the end of the recession. These sentiments coincide with ongoing trade tensions, an additional interest rate cut and increased political strain in the Middle East. The most commonly cited reasons by survey responses for the pessimism included trade, politics, the economy and uncertainty.
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Dallas-based Southwest Airlines has chosen Denver International Airport over the airports in Houston and Nashville for a major expansion which will result in up to 1,013 jobs and a $75 million in capital construction projects. Jason Van Eaton, Southwest's senior vice president of real estate and government affairs, told Denver Business Journal that Southwest's relationships with local and state government leaders as well as members of the business community set Denver apart from Nashville and Houston.
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CEOs this week kept the Business Roundtable Statement on the Purpose of a Corporation in the national spotlight, explaining the reasoning behind the August 19 statement.
- On CNBC, incoming Chairman Doug McMillon, President and CEO, Walmart, outlined his role in Business Roundtable and support for the statement: "Companies are comprised of people and we care about our customers, we care about our associates, and we care about the long term and we're trying to build something that's of high quality."
- Adena Friedman, President and CEO of NASDAQ, commented on the statement in a LinkedIn post, observing: "The question the leadership of each company must ask themselves is what they are doing to live up to the principles of the letter."
- Brian Moynihan, Chairman of the Board and Chief Executive Officer, Bank of America, was interviewed Thursday at a Washington Post LIVE program, "Redefining Corporate Purpose" . "You have to listen to your customers, and your team, and the communities you operate in," he said when asked about effecting global change. "These are not new concepts."
Following the Moynihan interview, Kristen Silverberg, Executive Vice President for Policy, participated in a panel discussion, "The Road Ahead."
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Colorado Transportation Commission leaders approved a $1.6 billion road-funding package Thursday that focuses on modernizing and enlarging the state's more used corridors - including a new peak-period shoulder lane on Interstate 70 through the mountains and continuation of Interstate 25 widening south of Fort Collins - and invests $330 million into rural road projects.
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Business Roundtable, the Chamber of Commerce and National Association of Manufacturers are calling on Congress to repeal or enact an extended delay of taxes contained in the Affordable Care Act. "The Health Insurance Tax (HIT), the Medical Device Tax (MDT), and the so-called 'Cadillac Tax' hurt Americans by contributing to rising health costs and undermine employer-sponsored health care coverage," the groups wrote in a letter Wednesday.
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