COBRT - Your Pro-Business Advocate - Weekly News - October 22, 2019
LEADERSHIP. REACH. RESULTS.
October 22, 2019
As associations and businesses representing manufacturers large and small across all sectors of the U.S. manufacturing industry, we write to you to urge passage of the United States-Mexico-Canada Agreement as soon as possible this autumn. Doing so is essential to promoting certainty and growth for manufacturing businesses, workers and families across the United States - each of who relies on trade with our North American partners to prosper and grow.  


Join Colorado Business Roundtable as we welcome the Speaker of the House and Senate President on November 12th from 5 pm to 7 pm. This event is an informal networking event where business leaders can network with their elected officials. 
Colorado is pushing to be the most innovative state government, hiring for two new top positions in the Office of Information Technology and offering a new service for technologists looking to give back. Gov. Jared Polis is launching the Colorado Digital Service, a new team within the Office of Information Technology that will recruit tech professionals from diverse backgrounds into limited "tours of civic service." Those in the CDS will bring their expertise to improve the IT services Coloradans use. 

After three months of work, Colorado's Paid Family and Medical Leave Task Force has begun giving hints of what a statewide program could look like, as members dispatched to an actuary on Thursday a pair of proposals that contemplate requiring businesses of all sizes to participate in a such a state plan but allowing companies already offering sufficient benefits to opt out and maintain their existing programs. 

Good Business Colorado (GBC) is initiating conversations with business leaders across the state, to better understand the landscape of what the Colorado business community is currently able to provide for paid leave, while also gathering feedback to inform a potential Colorado approach for a statewide paid family and medical leave insurance program. Because a wide array of stakeholder conversations will benefit this process, please reach out to Karen Moldovan, Director of Policy at Good Business Colorado, to share your perspectives. . The GBC team can accommodate your scheduling needs. While all stakeholder feedback is beneficial, GBC is especially interested in meeting with companies that have a work force in states that already have statewide programs, as experiences with compliance can help inform Colorado's planning. 


Perhaps you've seen the recently released RealClear Opinion Research poll or one of the attention-grabbing headlines or social media posts claiming workforce preparation is far more important than college preparation in our K-12 schools. Not surprisingly, these catchy headlines and posts don't paint an accurate picture - and there's actually a much different story to be told. 

The Colorado Business Roundtable is deeply concerned about the sweeping changes H.R. 3 makes to the Medicare program, as well as our larger private health care system, by granting the government authority to set medicine prices in public and private markets that may have a detrimental impact on future medical innovation. We urge congress to consider solutions that address affordability and do not stifle innovation.   

Colorado officials said Wednesday they want the U.S. Supreme Court to overturn an appeals court ruling that presidential electors can vote for the candidate of their choice and aren't bound by the popular vote in their states. Secretary of State Jena Griswold and Attorney General Phil Weiser announced the appeal on Wednesday. 

Kayvan Khalatbari is in the process of converting his three-location Sexy Pizza business into a an employee stock ownership plan, a process he is "98% likely" to complete despite costs that he estimates will run as much as $100,000 for the conversion. That money is going largely to consultants that are doing due diligence on the percentage of the company that should become employee-owned, and tax attorneys are working with him on the creation of a retirement plan that will be specific to the restaurant's employee-owners rather than a standard 401(k) plan.

Khalatbari, who has run the business for three years and is preparing to open a fourth location in Park Hill in early 2020s, said that he can handle the costs, but he's not sure how a smaller or newer business seeking also to increase buy-in from workers and to offer better tools for employee retention could handle it. 

Read the full article
Oil industry officials found a silver lining to a health impact study that roiled Colorado regulators and fracking activities Thursday. The study's modeling, based on real emissions readings taken in the Denver-Julesburg Basin, suggested people living as far as 2,000 feet from new wells could be exposed to infrequent spikes of emissions of the carcinogen benzene as the wells are brought into production. 

But the same worst-case scenario models suggest that living close to the wells in the Denver-Julesburg Basin doesn't expose people to emissions of benzene and other compounds that would be high enough to elevate their risk of cancer, industry toxicologists said. 

Watch the video of Richard Baldwin and a panel of experts gathered at AEI for a discussion on how technology and automation might affect the future of workforce opportunities and how current workers might prepare themselves for evolving skill requirements. 

Denver is in the running to be home to a 175-person expansion of a Bay Area website-building company looking to establish a "Command Center" that it will use as a central training location and as a showroom where current and prospective customers can watch how the company monitors its network. 

Colorado Economic Development Commission members voted unanimously Thursday to offer incentives to two companies that already have a presence in the state and are looking at growing it significantly with new operations here. One is the aforementioned "Project Bolt" - the Colorado Office of Economic Development and International Trade uses pseudonyms to describe incentive applicants until they make a decision to take taypayer money - and the other is "Project Lighthouse," in which a specialty - chemical manufacturing company is considering opening a new manufacturing facility in Weld County and hiring 100 people. 

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.

Stream or Download These Recent Episodes

10/23/19
Beyond Brexit: A Luncheon Discussion with EU Trade Experts - The Delegation of the European Union to the United States

10/26/19
Hauntings at the Hanger - Wings Over the Rockies

11/12/19

COBRT partnership opportunities are now available. 

Get noticed. 
Support policy efforts. 
Invest in Colorado.

Enjoy this week's newsletter? Have ideas that can improve the newsletter's coverage in the future? 



FOLLOW #COBRT

Colorado Business Roundtable, P.O. Box 5608, Denver, CO 80216
Sent by [email protected] in collaboration with
Constant Contact
Try email marketing for free today!