COBRT - Your Pro-Business Advocate - Weekly News - October 29, 2019
LEADERSHIP. REACH. RESULTS.
October 29, 2019
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. 
Business leaders understand that a good job with good benefits provides economic security to employees and their families while also making a company a more attractive place to work. When companies have talented and diverse employees who feel secure at work and at home, both people and businesses perform at their best. 

America's leading companies are committed to attracting top talent and rewarding their employee's hard work through higher pay, strong benefits and additional forms of economic support. This commitment starts with the first paychecks employees earn in the workforce. That's why companies are increasing their minimum wage and adjusting starting wage scales upward to increase their employees' economic security from day one on the job.  

Sixty-six million years ago, an asteroid wiped out the dinosaurs in a fiery global catastrophe. But we know little about how their successors, the mammals, recovered and took over the world. Now, hidden inside ordinary-looking rocks, an astonishing trove of fossils reveals a dramatic new picture of how rat-sized creatures ballooned in size and began to evolve into the vast array of species - from cheetahs to bats to whales to humans - that rule our planet today. 

A group representing the nation's CEOs is laying out how companies are focusing less on maximizing profits for shareholders in a letter to 2020 hopeful Sen. Elizabeth Warren, after she pressed them on their efforts. Business Roundtable announced in August that corporations' main goals can no longer be to maximize profits for shareholders and called on investors to also "support companies that build long-term value by investing in their employees and communities." 

Scott Hughes is a multi-talented and effective advocate for fundamental change.  
 
As a member of COBRT's Education Committee, Scott is an enthusiastic and well-informed leader for innovation in education leading to measurable workforce success.  And, as the National Director of Strategic Initiatives for Apple, Scott demonstrates his strong expertise in communications and government relations through his skilled legislative, lobbying and advocacy work at the federal, state and local levels. 
 
"I enjoy building coalitions and leading teams to successfully bring about positive change that benefits diverse stakeholders," says Scott Hughes.  "As a COBRT board member, I enjoy being able to interact with other like-minded Colorado leaders, and as a member of the Education Committee I have a unique opportunity to contribute to the many education-to-workforce initiatives taking place in our state."
 
If you are an organizational leader and interested in joining COBRT and participating in the Education Committee, please contact [email protected].

VF Corp will move the North American headquarters of a sixth outdoor company that it owns to Denver next summer - Icebreaker, an outdoor-focused performance clothing company that is expected to work closely with Smartwool, the merino-wool sock maker from Steamboat Springs that VF will also move into its new corporate headquarters building in 2020. 

CEO Steve Rendle mentioned the incorporation of Icebreaker's continental operations into the company's under-construction downtown headquarters building during VF's quarterly earnings call Friday. On that call, Rendle and CFO Scott Roe acknowledged that tariffs that have been levied this year in the intercontinental trade war will cost it 7 cents on its earning per share, but they kept their outlook for EPS in the same place it was last quarter because of increasing sales they are getting from their two largest brands, including Denver-headquartered The North Face. 

Some of the biggest names in aerospace propose teaming up to build the system that will land the first woman and the next man on the surface of the moon for NASA. Lockheed Martin Space, based in Jefferson County, joined a team led by Kent, Washington-based Blue Origin LLC - the space company started by Amazon founder Jeff Bezos, that also includes Falls Church, Virginia-based Northrop Grumman Corp. and Draper, the research organization. 

The Colorado Attorney General's Office is ending its participation in a multi-state lawsuit to halt the T-Mobile and Sprint merger after reaching agreements with Dish and T-Mobile. Under the terms of the agreements, Englewood-based Dish will locate its new wireless headquarters with at least 2,000 full-time employees in Colorado. T-Mobile, in turn, will significantly build out a statewide 5G network, particularly in rural areas. Should the companies fail to meet the commitments, they agreed to pay up to a total of $100 million. 

Gov. Jared Polis and business leaders visited the Arkansas Valley Correctional Facility this week in support of an education program that helps people who have recently been released from prison. Defy Colorado's goal is to provide a better chance at success in the workforce to ex-convicts. "I was attracted to a nefarious lifestyle," said Hamilton Sullivan, a Defy Colorado graduate, at the facility. "This program is so great, I cannot stress how much, how incredible the opportunity is to be involved in something like this."

While President Donald Trump and European Union leaders continue to haggle over tariffs and potential trade deals, leaders of many of those countries are offering pleas to help to a more local audience, having brought delegations to Denver twice in the past five weeks to ask for officials' assistance in publicizing up the chain the amount of trade that occurs now between Colorado and EU countries. 
On October 15th at the Colorado Capitol building in Denver, Colorado, the Colorado Department of Labor and Employment's Division of Vocational Rehabilitation held it third annual Shining Stars of Vocational Rehabilitation ceremony, honoring five workers with disabilities, five disability advocates, and five employers who have shown a remarkable commitment to increasing employment of people with disabilities. Colorado Governor Jared Polis and Lieutenant Governor Dianne Primavera attended the event, where they both took photos with the awardees and lauded, CDLE, DVR, and the awardees' work to make Colorado a state where everyone who wants to work has the opportunity to do so. 

What started as a spreadsheet of 30 cities became two top candidates based on direct flights and strong talent pools, with Denver ultimately becoming the recipient of up to 635 jobs over the next 8 years. That was part of the selection process by Snapdocs, the latest in a sweep of Bay Area companies expanding into the Rocky Mountain region. "We are primarily a company growing quickly and what that means is we're hiring really high-quality people," CEO Aaron King told Denver Business Journal following the announcement that the San Francisco-based real estate tech company would open its new home in Denver. "We're expanding our geographic footprint to have access to incredible talent across the country." 

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

11/12/19

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