Weekly News from COBRT - May 22, 2018
LEADERSHIP. REACH. RESULTS.
May 22, 2018

Colorado Business Roundtable is excited to announce that we have another new partner. Thank you Jacobs Engineering for your support, and we look forward to working with you. 
Teledyne Brown Engineering has partnered with the German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) to host the International Space Station's (ISS) first commercial hyperspectral sensor.  The DESIS-30 (DLR Earth Sensing Imaging Spectrometer) is scheduled to be hosted aboard Teledyne's ISS-based Multi User System for Earth Sensing (MUSES) platform in June of 2018.  The DESIS-30 is an Offner spectrometer with a spectral range of 400 to 1000 nm (VIS-NIR).  With 2.55nm sampling and 235 spectral channels, it will be the highest-fidelity hyperspectral sensor in operation.   DLR will use the acquired hyperspectral imagery for scientific investigations while Teledyne will make it available for commercial applications. 

Contractors and trade associations that might well do the work are among the groups nationally asking Congress to get serious about fixing up the National Park System. The public request to Congress is part of the National Infrastructure Week, which lasts until next Monday. The nation's parks have amassed a backlog of deferred maintenance that grew from $11.3 billion to $11.6 billion last year alone, according to a Pew Charitable Trusts study. 

Transportation Coalition - Colorado Business Roundtable Wants Your Opinion
Colorado Business Roundtable has long advocated for increased funding for transportation. The business community understands the negative impact congestion, damage to vehicles, our workforce and public safety issues, as well as our overall productivity and competitiveness. Our last two Moving Colorado Forward events highlighted the growing frustration and demand for action. There are two proposals being advanced to November's ballot- one being led by a strong business coalition that asks for a sustainable, new funding source and another that seeks to bond for the Tier I list. We would like to hear from you on what proposal you would like to see that works for you, your company, and your employees. Please share your thoughts with me directly at [email protected] 

A just-released survey found that Colorado could receive a multi-billion dollar economic boost if its schools became the best in the nation. The Denver Business Journal interviewed two of the main drivers of the survey: Scott Laband, president of Colorado Succeeds and Kristin Strohm, executive director of the Common Sense Policy Roundtable. 

The day after the legislative session ended May 9, most of the Capitol's top brass met with reporters to size up what had happened the previous four months. They had big-ticket compromises to brag about, for sure. Putting $3 billion into transportation counts. So does fixing a $32 billion shortfall in the state public employee's pension fund, as well as taking a bold stand on sexual harassment, expelling a member for the first time in more than a century and trying to kick out another. 


While Jeff Wasden was in Washington, D.C. last week he hopped on over to the National Business Roundtable headquarters where he saw BRT film a program for Infrastructure Week. 
Business Roundtable CEOs played a leading role in this week's Infrastructure Week, hosting a panel discussion Thursday moderated by NBC's Chuck Todd. The event, "The Cost of Inaction: A Conversation on U.S. Infrastructure," featured Chairman Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co.; Brendan Bechtel, Chairman & Chief Executive Officer, Bechtel; Senator Tom Carper (D-DE); Representative Rodney Davis (R-IL); and Larry Willis, President, Transportation Trades Department, AFL-CIO. The wide-ranging discussion touched on the politics of infrastructure spending, the role of states and cities, public-private partnerships, obstacles to permitting, alternative financing systems and U.S. competitiveness. See full video coverage and MarketWatch report. Todd also spoke with Dimon and President & CEO Joshua Bolten for an interview available after 5 p.m. today on Meet the Press Daily.
Relieving Some Of The Burden
As a former operating small business owner, I know firsthand the challenges that face Colorado's 611,000 small businesses on a day-to-day basis. And it can be very overwhelming. But luckily for them - as well as for the other 29 million small businesses across the country - the current administration in Washington is relieving some of that burden. Not only are costly regulations being slashed, but the tax relief package that was passed and signed into law late last year is giving small businesses some budgetary wiggle room to hire more people, raise wages, and expand. 

The results have been impressive. The latest report from the Bureau of Labor Statistics reveals the lowest unemployment rate since 2000. And to build off that, the unemployment rate for minority Americans has hit an all-time low. While many seek to downplay the positive impacts of Tax Reform and Jobs Act, as well as other pro-business policies enacted by the Trump administration, they are having a significant impact for small business owners across Colorado and the nation. 

Jeff Wasden, Colorado Business Roundtable 


Colorado Business Roundtable and Main Street Growth Hosted Tax Reform Roundtable With Congressman Mike Coffman
Colorado Business Roundtable has been involved in national efforts to pass tax reform. As the lead for Colorado Business Leaders for Tax Reform Coalition in Colorado, we understood what reducing the tax burden on Colorado businesses and working families would mean to helping jump start the economy, increase wages, drive investments, and bring money parked overseas back to America.
 
COBRT hosted a forum with Main Street Growth to highlight the benefits of tax reform and help business leaders understand what the changes mean to their business. Congressman Mike Coffman, CD6, was the featured speaker as he shared some of the reasons why reforming the tax code and lowering rates made sense, and how it benefits companies in his district. Following Congressman Coffman, Joey Bunch from Colorado Politics moderated a panel with three local business leaders. Panelists Tim Laney, Jim Noon, and Scott Grimm shared their personal stories on how the Tax Reform and Jobs Act signed into law in December by President Trump has positively benefited their company, clients, or workforce.
 
"We understand there is more work to be done to simplify our tax code and ensure individual cuts are made permanent. The changes to our tax code and lowering rates, while important for business, needs to be paired with reducing the regulatory burden on businesses and critical investments in our nation's infrastructure. Couple together, these reforms will drive growth, investment, and help American business remain competitive globally," stated COBRT President Jeff Wasden.
Trade for America, a coalition co-led by Business Roundtable, held an event Monday in Lafayette, Ind., making the case for international trade and the North American Free Trade Agreement. Senator Todd Young (R-IN) gave keynote remarks, and a panel of government, business and agriculture leaders discussed trade's contributions to the agriculture and manufacturing economies. Other members of Trade for America are the American Farm Bureau Federation, National Association of Manufacturers and U.S. Chamber of Commerce. Cosponsoring the event were Farmers for Free Trade and Greater Lafayette Commerce.
IRVING, Texas - ExxonMobil and its employees are donating $49.8 million to almost 840 institutions of higher education across the country as part of the ExxonMobil Foundation's 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $16.9 million, which was matched with $32.9 million in unrestricted grants from the ExxonMobil Foundation. 

While outdoor-related activities offer myriad health, recreation, and entertainment leisure benefits, they also make a substantial economic impact. In its first-ever estimates of the economic contribution of outdoor recreation to the U.S. economy, the Bureau of Economic Analysis estimated the industry's contribution. The articles in this issue, primarily written by government and business leaders working in the outdoor recreation industry, quantifies the economic contribution; highlights its creativity and innovation; and details the importance of the industry's economic contributions, particularly to rural Colorado communities. An article about one higher education program training students to work in the industry rounds out the issue. Our next issue will present a review of the Colorado economy midway through the year. Look for it this summer in your inbox. We are interested in your suggestions for topics of upcoming issues. Please contact me directly at 303-492-1147. -Richard Wobbekind

EY has announced the finalists for its 2018 Entrepreneur of the Year Awards in the Mountain Desert region, recognizing entrepreneurs who excel in innovation, financial performance and personal commitment to their business and communities. 

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.

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