THE BUSINESS T IMES News JULY 9-22, 2020
THE DEFINITIVE SOURCE FOR GRAND JUNCTION BUSINESS NEWS SINCE 1994
VOLUME 27, ISSUE 13
THEBUSINESSTIMES.COM
In this issue
Trends 2 Contributors Opinion 2 Business Briefs 5 Business People Almanac
n Testing, testing
A genetics testing firm has added COVID testing to its services to help businesses, schools and other organizations.
n Taking a hike
Colorado employers still plan to hike wages in 2021, but less in the aftermath of a pandemic than before COVID hit.
n In lieu of taxes Mesa County will receive more than $3.7 million in the latest payment in lieu of taxes on federal lands.
n Increased activity
15
Mesa County real estate activity has increased, with sales and dollar volume in June nearly matching last year.
n Mixed outlook
15
Colorado business leaders are more upbeat, but also cautious — especially when it comes to spending and hiring.
n Individual efforts
17
Individual efforts continue to play a big collective role in keeping COVID-19 cases down and local businesses open.
n Departments
Almanac Business Briefs Business People Contributors News Opinion Trends
26 24 26 17-20 2-14 22-23 15-16
Pivotal moments n Demand for protective barriers presents a sales opportunity for acrylic manufacturer. See page 2
Reynolds Polymer Technology has experienced increased sales of the thin acrylic panels used in protective barriers in offices, stores and other settings. The Grand Junction-based company works with installers to create barriers that are not only functional, but also aesthetically pleasing.
Photo courtesy Laird Plastics
PRSRT STD U.S. POSTAGE PAID PERMIT NO. 67 The Business Times 609 North Ave., Suite 5 Grand Junction, CO 81501
THE BUSINESS T IMES News The Business Times
Page 2
July 9-22, 2020
Pivotal moments
Trends Contributors Opinion Business Briefs D Business People Almanac
Wage hikes likely smaller in aftermath of pandemic
Protective barriers present opportunity for acrylic manufacturer in midst of pandemic
Phil Castle
The Business Times
Colorado employers still expect to increase wages in 2021, although less in the aftermath of a pandemic than before coronavirus hit. Meanwhile, more employees will continue to work remotely, according to the latest results of surveys conducted by the Employers Council. Those trends likely will occur on the Western Slope the same as other areas of the state, said Sue Wolf, surveys director for the organization. “All geographic areas are following along.” The Employers Council offers a variety of legal and human resource services to a total of more than 4,000 employer members in Colorado as well as Arizona, Utah and Wyoming. The organization has conducted compensation surveys for more than 70 years to enable members to compare the wages they pay with the marketplace. In a telephone interview with the Business Times, Wolf reviewed what she said were the different results of surveys conducted before the onset of the coronavirus pandemic and afterward. The 2020 benchmark compensation survey conducted from January to March drew responses from 508 employers with a total of more than 53,000 employees. Of the 439 participating employers from Colorado, 37 were from Western Colorado and 45 from resort areas, most of those on the Western Slope. According to the benchmark survey, Colorado employers reported plans to increase pay an average of 3 percent in 2020 and 2.9 percent in 2021. Western Slope employers projected a pay increase of 2.9 percent in 2020 and 2.6 percent in 2021. Employers in resort areas of Colorado said they expected to increase wages 3.1 percent in 2020 and 2.9 percent in 2021. Projected wage increases were slightly higher from employers in the Denver and Boulder area and slightly lower from employers in Southern Colorado. Average hourly wages for 2020 for entry level new hires by Western Slope employers ranged from $16.02 for office and clerical positions to $16.88 for manufacturing jobs to $16.94 for material handling positions and $17.47 for maintenance jobs. Colorado employers lowered expectations for wage increases after the pandemic hit, according to the results of a salary budget update survey conducted in May. See WAGE page 12
T
Reynolds Polymer Technology has experienced increased sales of the thin acrylic panels used in protective barriers in offices, stores and other settings. The company works with installers to create barriers that are not only functional, but also aesthetically pleasing. (Photo courtesy Laird Plastics)
eclan McLaughlin looks back and sees some silver linings in the cloud of a pandemic. For one thing, sudden demand for protective barriers bolstered sales of the clear acrylic panels Reynolds Polymer Technology manufactures. For another, employees overcame D. McLaughlin remote work, travel restrictions and other challenges to serve customers. “I’m so proud of the team and the way the team came together,” says McLaughlin, president and chief executive officer of the Grand Junction-based company. Growth in the commercial market, the development of new markets and a continued focus on quality products and services all position Reynolds Polymer to move forward, McLaughlin says. The company is well known for supplying acrylic panels for aquariums, architectural features and other unique projects. Along with the creativity required of the company mantra to build the impossible, basics remain important, he says. “If you deliver quality products on time, you should always be successful.” The coronavirus pandemic affected operations quickly and dramatically, McLaughlin says. He recalls a board meeting in Grand Junction in early March See PIVOTAL page 10
Personal genetics company adds COVID-19 testing to services
A
company that provides genetic testing to personalize wellness now offers a different kind of testing, but with the same objective in mind. As businesses reopen and schools prepare for the return of teachers and students, testing for COVID-19 constitutes an important effort in slowing the spread of the disease, said Kevin MacDonald, founder and managing director of Advanced Genomic Solutions (AGS). Kellie Caldwell Straub, a vice president at AGS who works out of Grand Junction, said the company can help businesses, schools and organizations in Western Colorado that need testing. MacDonald said AGS offers a polymerase
chain reaction test approved by the U.S. Food and Drug Administration that analyzes samples collected with nasal swaps for the presence of the COVID-19 virus. Results are available within 48 hours and more than 96 percent accurate, he said. The Centers for Disease Control and Prevention recommends the test. AGS also offers a test for the presence of antibodies produced by a COVID-19 infection. While the test is 99 percent accurate, MacDonald said it’s not yet known if someone with antibodies is no longer infectious to other people or if antibodies offer protection from a subsequent infection. Moreover, the antibody test requires a blood draw. See TESTING page 14
STORIES BY PHIL CASTLE
Kevin MacDonald
July 9-22, 2020
The Business Times
Page 3
THE he B BUSINESS usiness T T Times IMES
PPAGE age 4 4
July15-28, 9-22, 2015 2020 JANUARY
THE BUSINESS TIMES Administrator brings West Slope group touts
WE OFFER COMPLIMENTARY
HOME & OFFICE DELIVERY/PICK UP! Delivery Hotline: 970-314-8356
599 Patterson (25 Road & Patterson)
The Business Times The Business Times 609 North Ave., Suite 2, 609 North Ave.,CO Suite 5 Grand Junction, 81501 Grand Junction, CO 81501 Telephone: (970) 424-5133 (970) 424-5133 FAX: (970) 424-5134 www.thebusinesstimes.com www.thebusinesstimes.com
TheThe Business Times is published twice Business Times is published twice monthly and distributed throughout Grand monthly and distributed throughout Junction, and Palisade. Advertising GrandFruita Junction, Fruita and Palisade. rates Advertising and deadlines areand available upon are rates deadlines request. Opinions expressed in this available upon request. Opinions expressed publication are those of the writers and do in this publication are those of the writers not necessarily reflect the views of the and don’teditor, necessarily the views of publisher, staff orreflect advertisers. the publisher, editor or advertisers. Copyright © 2015 — All rights reserved. Copyright © 2020 — All rights reserved
Let’s create something
...for your home, business, or toys!
S O L A R
P O W E R E D
1707 I-70 Business Loop Grand Junction
970-243-6310
allmetalswelding.com
Life is Precious
Serving families of the Western Slope for more than 100 years.
well-rounded perspective benefits of membership HR association helps not only professionals, to new Mesa County role but also business owners and managers Phil Castle
ThePhil Business Times Castle The Business Times
Frank Whidden brings what he Kirstin Guptill citesperspective a number of considers a well-rounded to his benefits to Mesa joining the Western Colorado new job as County administrator. Human Resource Association. Whidden worked includes in That information the information and technology and holds resources offered aother master’s degree in at meetings and computer information conferences systems. But as he well also as the networking and holds a doctoral sense of community. degree in applied It’s a combination management and of professional and decision making and Frank Whidden personalfor development worked more than Kirstin Guptill Guptill 20 yearsvalues as a most. minister. Whidden has “It’s probably what my career worked for large andcatapulted small organizations to where it is today.” in both the private and public sectors. Guptill works as to human Whidden expects draw resource on all ofand his travel manager Reynolds experiences in for helping Mesa Polymer County Technology, make a Grand Junction-based commissioners and carry out decisions. manufacturer of engineered and Valuing staff and makingacrylic the county polymer products. an employer of choice is among the She also serves said. as president of the priorities, Whidden So is planning WCHRA board directors. funding In that role, that results in of sustainable and she works to encourage othersbasis. to take balanced budgets on a long-term advantage of the benefits membership Meanwhile, Mesa ofCounty will the way she continue to did. pursue efforts that promote a The WCHRA scheduled an event friendly businesshas environment and to not onlydevelopment, show appreciation to said. existing economic Whidden members, butofficially also introduce potential Whidden began working as members to the organization. county administrator at the beginning of The He free breakfast setwas to the year. succeeds Tomevent Fisher,iswho begin atas7:30 a.m. July 15 at the hired county manager in Bookcliff Summit Country Utah. Club at 2730 G Road in Grand County, Junction. Onlinejoined registration under way Whidden Mesais County in at www.wchra.org. August 2011 as information technology The Inevent a networking director. Aprilwill 2014,offer he became deputy adventure, Guptill said, in sending county administrator for participants resource on imaginary trips different reorganization locations using management in atostaffing different modes of transportation. In traveling that eliminated four director positions. to tables set upjoining as destinations, Before Mesa participants County, will enjoyworked an opportunity to meet others. Whidden for a company providing Participants should bring business cards to to information technology services exchange and with universities. their travel companions. colleges In that role, he “It’s just fun. services It’s goingfor to managed IT something systems and be completely Guptill said. Illinois institutions in crazy,” Alabama, Arizona,
as well as New England and Canada. There’s morepeople seriouswho sidework to the Whiddena said in event, too, technology in strengthening connections information aren’t just “geeks,” among members and acquainting but offerexisting an important perspective because potential members to the WCHRA. they’re familiar with nearly every aspect of The organization is gets a one six operations and how work done.ofThey Colorado of new theand Society for also tend tochapters think about potentially Human Resource better ways of doing Management. things in askingWith and more than “what 285,000 the answering if ”members, questions.SHRM “They is know largest in in theanworld devoted to how to association effect change organization.” HR management. Whidden expects to bring that same Whiletothe the needs of approach hisWCHRA duties asserves administrator. HR professionals, saidrole that mission Whidden saidGuptill it’s his to help extends business owners, managers and county to commissioners make and then others. “Thisdecisions. is for anyone working implement The who’s commissioners with people.” in turn represent the residents of the Theand WCHRA information and county express offers their will, he said. “We resources about a variety of topics related work for the people.” to HR management, including changes in Whidden said he also considers himself state and between federal employment laws and a liaison the commissioners and regulations, conflict county staff, and one ofmanagement the priorities isand to workplace culture. feel valued. Whidden make sure employees to various said In headdition hopes not only to classes, improvemonthly morale, programs but also takeand steps annual that will conferences, make Mesa information is availableforfrom members County an organization which people who their expertise and experience, want share to work. Guptill said. Meanwhile, Whidden expects the Members serve policies as a sounding board of county to continue and initiatives sorts to help each address that support local other business and problems, economic she said. “We leverage each other’s development. There are additional steps experience make us all it better.” that can be to taken to make easier for local The WCHRA also and helps those businesses to sell products services to members want to earn professional the county,who he added. certifications study take with the Mesa County willfor keepand working required examinations. other government entities, organizations The WCHRA offers anmemberships and institutions on fostering environment and students at Colorado that resources supports to existing businesses and Mesa in Grand Junction. An attractsUniversity new businesses, he said. additional effortsaid is under to connect Whidden thereway could be a with young professionals Grand opportunities to encourage in thethe additional Valley and helpofthem with their careers. development businesses that provide Guptill saidagricultural she hopes more people services to the industry as take well advantage the County benefits as ofamembership as promoteofMesa distribution in theforWCHRA center the region.whether they’re HR professionals or others whoiswant better The important thing to to consider manage peoplea and succeed in their careers. issues from well-rounded perspective, “We wantsaid. to be anwon’t inclusive groupasthat Whidden “We be myopic we helps grow.” look atpeople things.” F ✦
July 9-22, 2020
The Business Times
Mesa County to get $3.7 million payment Interior Department distributing $41.7 million in Colorado in latest payments in lieu of taxes
Mesa County will receive more than $3.7 million in the latest payment in lieu of taxes on federal lands in the county. The payment is the single largest to a Colorado county out of more than $41.7 million in so-called PILT payments for the 2020 fiscal year. Nationwide, the Department of Interior will distribute $514.7 million under the program. “This year’s distribution of $514.7 million to more than 1,900 counties will help small towns pay for critical needs like emergency response, public safety, public schools, housing, social services and David Bernhardt infrastructure,” said Interior Secretary David Bernhardt. The PILT program compensates local government entities for revenues from nontaxable federal lands, including those administered by the Bureau of Land Management, Fish and Wildlife Service, Forest Service and National Park Service. Payments are based on the acreage of federal land and population within a county. Since the program began in 1977, the Department of the Interior has distributed more than $9.7 billion. Funding for the payments comes from
the more than $13.2 billion in annual revenue the Department of the Interior collects from commercial activities on federal lands, including energy development, livestock grazing and timber harvests. The 2020 payment to Mesa County, which tops the 2019 payment by about $100,000, is based on nearly 1.6 million acres of federal lands in the county. The combined acreage of federal lands in Mesa County is third in Colorado behind only Moffat County with almost 1.7 million acres and Gunnison County with more than 1.6 million acres. The PILT payment is higher for Mesa County than other counties, though, because of its larger population. Moffat County will receive a payment of nearly $969,000. Gunnison County will receive more than $1.3 million. With nearly 1.2 million acres of federal lands, Garfield County will receive the second largest PILT payment in Colorado of more than $3.3 million. Montrose County will receive more than $2.7 million in payment in lieu of taxes on nearly 1 million acres of federal land. Despite having almost 1.5 million acres of federal lands, the less populated Rio Blanco County will receive almost $600,000. Delta County will receive more than $933,000 for more than 400,000 acres. F
President Trump announces intention to nominate Pendley as BLM director William Perry Pendley will be nominated to serve as director of the U.S. Bureau of Land Management. Pendley, deputy director for policy and programs at the BLM, has served nearly a year as acting head of the agency. He oversaw a reorganization that moved the headquarters from Washington, D.C. William Pendley to Grand Junction. A White House news release announced the intention of President Donald Trump to nominate Pendley as director. In a separate news release, Interior Secretary David Bernhardt praised the nomination for Pendley to lead an agency of the Department of the Interior. “He’s doing a great job, including acquiring more than 25,000 acres of public land for expanded recreational access,” Bernhardt said. Prior to joining the BLM, Pendley served nearly 30 years as president of the Mountain States Legal Foundation, a nonprofit law firm based in Lakewood.
He previously served as deputy assistant secretary for energy and minerals at the Department of Interior and authored the national minerals policy and exclusive economic zone proclamation for then President Ronald Reagan. Pendley also served as a consultant to former Navy Secretary John Lehman and worked in a private legal practice in the Washington, D.C., area. He served as a lawyer to U.S. Sen. Clifford Hansen and to the House Interior and Insular Affairs Committee. Pendley holds bachelor’s and master’s degrees from George Washington University and a law degree from the University of Wyoming. He served as a captain in the Marine Corps. The BLM manages a total of more than 245 million acres of public lands located primarily in 12 western states. The agency also administers 700 million acres of sub-surface mineral estate throughout the United States. For the 2018 fiscal year, activities authorized on BLM-managed lands generated $105 billion in economic output and supported 471,000 jobs. F
Page 5
Page 6
The Business Times
July 9-22, 2020
ProStar receives extension for Jump-Start tax incentives
A Grand Junction-based company has received a four-year extension under a state program offering tax incentives for creating jobs. ProStar is the first company in the state to complete a four-year term and receive an extension under the Colorado Rural Jump-Start Program. “Receiving the extension is of great significance as Jump-Start has Page Tucker been a major ingredient in our growth in terms of the recruitment and retention of employees,” said Page Tucker, president of chief executive officer of ProStar. The Grand Junction Economic Partnership worked with the Colorado Office of Economic Development and International Trade on the extension. The Economic
Development Commission approved the extension. ProStar supplies computer software and related services to companies and government agencies to map and manage pipelines and other underground infrastructure. The Colorado Rural Jump-Start Program creates zones in which eligible businesses are exempted from paying state and local taxes for up to eight years. Qualifying businesses are exempt from paying state income, use and sales taxes as well as county and municipal personal property taxes. In Mesa County, local government jurisdictions have offered additional incentives. To participate, businesses must create a minimum of five net new jobs in the county in which they’re located and establish a relationship with an institution of higher education — Colorado Mesa University in Mesa County. Newly enacted legislation extends the Colorado Rural
Jump-Start Program for five more years as well as eases a requirement approved participants not conduct businesses that compete with existing companies in the state. Since the program began in 2016, 18 companies in Mesa County have been approved for tax credits, of which 11 remain active. Pierce Corporation and Visual Globe recently were removed because they were unable to meet criteria to remain eligible. “Participating counties have a cap on the total number of jobs that can be applied toward the tax credit. While it is disappointing to see any Mesa County companies removed from Jump-Start, it opens up the program for more local businesses by freeing up our cap,” said Steve Jozefczyk, deputy director of the Grand Junction Economic Partnership. F
Owner relocates cycling companies to Grand Junction
Two bicycle companies have relocated to Grand Junction. “The area goes well with my companies. There’s a great outdoor economy, and there are lots of bikers here,” said Braden Kappius. Kappius operates Kappius Components and Broken Carbon. Kappius Components designs, manufactures and sells bicycle hubs, rims, wheels and accessories. Broken Carbon repairs carbon fiber bicycles. Kappius and his father, Russell Kappius, founded the companies in Boulder in 2009. Braden Kappius is a former professional cyclist. Russell Kappius is a six-time masters national champion. Braden Kappius said he plans to run the companies out of his home in Grand Junction while his father works remotely from Ridgway. Three employees will remain in Boulder to staff the Broken Carbon location there. Braden Kappius said he’s considering bringing component manufacturing back to the United States and searching for a local partner to do so. He also said he’s working with the Grand Junction Economic Partnership about opportunity zone funding and other financial incentives to open a local facility. Braden Kappius said he relocated the companies in part because his wife, Rachael Kappius, a dermatologist, joined Regensis Plastic Surgery & Dermatology in Grand Junction. But he also likes the Grand Valley for the recreation it offers without what he said are the hassles of living in a big city. For more about Kappius Components, visit www.kappiuscomponents.com. For more information about Broken Carbon, log on to www.brokencarbon.com. F
Subscribe today to the journal that means business. (970) 424-5133 www.thebusinesstimes.com
July 9-22, 2020
The Business Times
Page 7
Page 8
The Business Times
July 9-22, 2020
Startup week News, views presentations and advice set to run you can use through July Subscribe today
to the journal that means business in the Grand Valley (970) 424-5133
www.thebusinesstimes.com
A total of more than 70 presentations, panel discussions and other online events are scheduled to continue through July as part of Techstars Startup Week West Slope. The virtual regional conference is set for Tuesdays and Thursdays through July 30. There’s no charge for the sessions or deadline to register. Techstars Startup Week West Slope is designed to share knowledge and expertise about starting and growing businesses while also building connections in the region. While the event will include information for tech firms and startups, sessions will offer something for everyone from the executives of larger companies to the proprietors of small businesses and their employees. Sessions are grouped into eight tracks related to such topics as agriculture and food, capital, communications and technology. A people track will offer information about developing leaders, building teams and fostering engagement. A makers track will focus on those making things — either with their hands or in operating high-tech equipment. What are billed as “toolbox” workshops will address fundamental topics and skills building. There’s also a fun track that will include book club meetings, podcasts and a yoga class. U.S. Bank, title sponsor of Techstars Startup Week West Slope, has scheduled sessions on equipment financing, U.S. Small Business Administration lending, economic conditions and planning. Four headline events are planned, including presentations by Aaron DeRose, general manager of WBS Coatings in Grand Junction, and Matt Vincent, the co-owner of Ska Brewing and founder of Ska Fabricating. From 1 to 2 p.m. July 21, a presentation will feature David Brown, co-founder and chief executive officer of Techstars, and Brad Feld, managing director of the Foundry Group and co-founder of the Anchor Point Foundation. From noon to 2 p.m. July 30, 10 finalists will compete in the Greater Colorado Pitch Event for $275,000 in investments. Energize Colorado will offer a series of one-on-one sessions in which founders, executives and leadership teams seeking assistance in marketing, financing and business strategy can meet with mentors and subject matter experts for 30-minute virtual sessions. F
FOR YOUR INFORMATION For information about Techstars Startup Week West Slope, log on to the website located at https://westslopestartupweek.com.
July 9-22, 2020
The Business Times
Page 9
Page 10
RentaSpace.DiegoCorp.com
Pivotal
The Business Times
Continued from page 2 and what was a mostly routine discussion. Then everything changed in a matter of days. “It’s a different world.” While some of the large projects in which Reynolds Polymer is involved were put on hold, he says demand surged for thin acrylic materials to position clear protective barriers at everything from checkout counters at stores to reception desks at offices to gambling tables at casinos. Staff managed the supply chain to quickly provide materials to installers. McLaughlin believes the effort will grow business in the commercial market over the long term. Given the prospect barriers will become permanent fixtures, Reynolds Polymer has worked with customers on installing projects that are not only effective, but also aesthetically pleasing. In addition, testing is under way on new, flame-retardant acrylic materials for barriers and other applications. Meanwhile, some big projects proceed in the midst of the pandemic, including a large aquarium planned in Vietnam. Work is scheduled for completion later this year on the Sky Pool, a transparent swimming pool spanning two, 10-story residential buildings in London. The pool will extend more than 80 feet long and 16 feet wide and enable residents to swim from one building to the next. The Sky Pool has attracted widespread interest on social media and will garner the company additional attention when the project is complete, McLaughlin says. Reynolds Polymer also has gained traction in the aerospace market for developing acrylic domes used for flight simulators. McLaughlin says he’s sat in the simulators, and the experience is remarkable. “It’s so realistic. The clarity is off the charts.” Components for aquariums, the Sky Pool and flight simulators are manufactured in Grand Junction. Serving customers and working on projects during a pandemic has been a challenge, McLaughlin says. But several things helped. The Paycheck Protection Program provided a loan and a measure of certainty that enabled Reynolds Polymer to remain open, keep staff
July 9-22, 2020
Reynolds Polymer Technology manufactures thin acrylic panels that can be used to install the protective barriers that have become popular in the midst of the coronavrius pandemic. The Grand Junction-based company also makes components for aquariums, architectural features and other projects. (Photo courtesy Reynolds Polymer Technology) employed and serve customers, he says. The loan also enabled the company to recruit talent that became available. Maintaining good communications and taking advantage of information technology tools enabled those employees working remotely to keep operations going. Rather than resist change, staff has embraced it to maintain a reputation of a company that’s not only innovative, but also easy to work with, he says. “That’s been really rewarding.” McLaughlin began his role as president and CEO in August and says the work since then has afforded a learning experience — even more so in a pandemic. “Learning has been on steroids the last three months.” And that, he says, is another silver lining. F
July 9-22, 2020
The Business Times
Page 11
Page 12
The Business Times
Wage
July 9-22, 2019
Continued from page 2 According to the budget update survey, Colorado employers expected to increase wages 1.1 percent in 2020 and 1.7 percent in 2021. Separate information for Western Colorado wasn’t available. Wolf said the smaller pay increases aren’t surprising given the strategies employers said they implemented to cut costs in the aftermath of the pandemic. According to the results of one survey conducted in May, 17 percent of Colorado employers reported reducing wages and 26 percent reduced hours. In addition, 23 percent of Colorado employers responding to the May survey postponed planned pay increases, 14 percent postponed planned bonuses and 52 percent postponed planned hiring. While 20 percent of employers reported furloughs, 17 percent reported layoffs. Of those responding to a May 1 survey, 36 percent said they were extremely concerned about the effects of the pandemic on the financial stability of their operations. A total of 60 percent said they where somewhat or slightly concerned. The remaining 4 percent said they weren’t concerned. Survey results collected by the Employers Council also indicate more employees will continue to work remotely. Of the changes Colorado employers reported implementing in response to the pandemic, 67 percent changed remote work policies and 40 percent changed business travel policies. Prior to the coronavirus pandemic, 48 percent of Colorado employers reported an average of 18 percent of their staffs worked remotely. At 47 percent, nearly half of employers reported no remote work force at that time. During stay-at-home restrictions imposed in the pandemic, 95 percent of employees reported an average of 71 percent of their staffs worked remotely. Although many employees since have been allowed the option to return to work, 58 percent of employers reported an average of 44 percent of their staffs working remotely. Another 14 percent of employers reported no remote work force. Wolf said many employers likely will continue to offer remote work options to maintain a competitive advantage in retaining employees. Looking ahead, Wolf said she wouldn’t speculate about wages, remote work or other labor trends. But given the lack of certainty, she expects many employers likely will “hold tight” through the remainder of this year, then reassess the situation as more information becomes available. F
FOR YOUR INFORMATION For more about the information and resources available from the Employers Council, log on to www.employerscouncil.org.
July 9-22, 2020
The Business Times
Page 13
Page 14
The Business Times
July 9-22, 2020
Testing
Continued from page 2 “We believe the first step to reopening schools or companies is to test all students or employees to know who has the virus and who might be able to spread the virus to others even if they themselves have no symptoms,” he said. Since the onset of the pandemic earlier this year, AGS has developed capacity to offer up to 6,000 nasal swab tests a day, MacDonald said. AGS works with schools, businesses and organizations to schedule on-site testing, usually as a drive-through event. AGS provides staff to collect samples. The company also works through a practitioner and provider program with health and wellness professionals to offer in-office testing of their patients. Positive test results are returned to school administers or employers for review and action. Those who test positive should be quarantined or seek medical help. They can return to school or work once subsequent tests are negative. MacDonald said it’s most important to test and identify those who have the virus and can infect others. Most people who’re infected by COVID-19 don’t demonstrate symptoms, but still could spread the disease to others who could face serious health consequences. Older people and those with diabetes or cardiovascular disease have decreased immunity responses to COVID-19. Schools planning to bring teachers and students back should schedule testing seven days before school reopens to identify who are infected, he said. MacDonald said an antigen test could be developed within a year to offer COVID-19 testing similar to home pregnancy tests. There’s also the potential a vaccine could be developed. Until then, nasal swap tests offer one of the most efficient means to detect the disease and take measures to slow it’s spread, he said. AGS brings to the testing process nearly a decade of experience, he said. AGS also offers health and wellness tests to build client immunity systems by empowering clients to make healthier lifestyle choice based on their unique genes. Test results enable people to take a more proactive approach to tailoring diet, exercise and supplements to optimize their immunity systems based of their metabolisms. AGS has provided genetic testing to many Fortune 100 companies, but also works with health care providers and individuals. Whether testing to promote building immunity or detect COVID-19, MacDonald and Straub said the pivot to COVID-19 testing offers useful tools in a time of need. F
FOR YOUR INFORMATION For information about AGS and COVID-19 testing, contact Kellie Caldwell Straub at (833) 874-3637 or kellie@ags-health.com or log on to www.ags-health.com.
News Trends Contributors Real estate rebounding? Opinion Business Briefs Business People Almanac
July 9-22, 2020
The Business Times
Page 15
INDICATORS AT A GLANCE
n Business filings t New business filings in Colorado, 33,848 in the first quarter, down 5.6% from the first quarter of 2018.
n Confidence
s Consumer Confidence Index 98.1 in June, up 12.2. s Leeds Business Confidence Index for Colorado, 44.3 for the third quarter, up 14.6. s National Federation of Independent Business Small Business Optimism Index 94.4 for May, up 4.5.
n Foreclosures t Foreclosure filings in Mesa County, 3 in June, down from 14 in June 2019.
t Foreclosure sales in Mesa County, 3 in June, down from 6 in June 2019.
n Indexes
s Conference Board Employment Trends Index, 49.05 for June, up 3.78. s Conference Board Leading Economic Index 99.8 for May, up 2.8% s Institute for Supply Management Purchasing Managers Index for the manufacturing sector, 52.6% for June, up 9.5%.
n Lodging
t Lodging tax collections in Grand Junction, $49,177 for May, down 63.2% from April 2019.
n Real estate
t Real estate transactions in Mesa County, 549 in June, down 0.9% from June 2019. t Dollar volume of real estate transactions in Mesa County, $159 million in June, down 3% from June 2019.
n Sales
t Sales and use tax collections in Grand Junction, $3.6 million for May, down 22.5% from May 2019. t Sales and use tax collections in Mesa County, $2.86 million for May, down 11.8% from May 2019.
n Unemployment
t Colorado — 10.2% for May, down 2. t Mesa County — 9% for May, down 3.6. t United States — 11.1% for June, down 2.2.
Pandemic effects persist, but Mesa County sales expected to increase Phil Castle
The Business Times
While the effects of the coronavirus pandemic continue to show up in sales numbers for Mesa County real estate, two executives say they’re encouraged by what they see. The overall number of transactions and dollar volume for June nearly matched the same month a year ago. The numbers for residential deals increased on a year-over-year basis. “I was kind of impressed with that,” said Annette Miller, senior vice president of Heritage Annette Miller Title Co. in Grand Junction. Robert Bray, chief executive officer of Bray Real Estate in Grand Junction, said the lagging effects of a pandemic that slowed sales activity in March and April will be even less pronounced when closings are reported for July and August. Miller said 549 real estate transactions worth a total of $159 million were reported in Mesa County in June. That’s only five fewer transactions and $5 million less in dollar volume Robert Bray than was reported for the same month last year. June traditionally ranks among the busiest months of the year for real estate activity in Mesa County, she said. Five large transactions worth a collective $10.1 million bolstered dollar volume, Miller said, including the sale of the building that once housed the Safeway in the Redlands for $4.9 million. There were more large transactions in June 2019, though: seven worth a combined $19 million. For the first half of 2020, 2,363 transactions worth a total of $716 million were reported, Miller said. Compared to the first half of 2019, transactions dropped 7.8 percent and dollar volume fell 5.3 percent.
According to Bray Real Estate, 393 residential transactions worth a total of nearly $118.3 million were reported in June. Compared to the same month last year, transactions increased 3.4 percent and dollar volume rose 9 percent. Through the first half of 2020, 1,728 residential transactions worth a total of nearly $511.7 million were reported. Compared to the first half of 2019, transactions dropped 7 percent and dollar volume slipped 1 percent. Bray said real estate closings constitute a lagging indicator of activity from a month or even longer beforehand. Consequently, the latest numbers reflect activity going back to April and March, when pandemic restrictions and stay-at-home orders were in full effect. Bray said he expects even stronger numbers for closings in July and August based on what he said has been increasing activity. A lack of inventory presents a headwind, though, he said. At the end of June, there were 496 active residential listings in Mesa County, down 37.2 percent from the same time last year. The pace of new construction continues to lag, Bray said. For the first half of 2020, 340 building permits for single-family homes were issued in Mesa County, down 6 percent from the first half of 2019. But the pace could pick up for the rest of the year and equal or even top last year, he added. Low interest rates on mortgages remain a “hero” in promoting real estate activity, he said. Moreover, the pandemic has motivated more people to consider relocating from big cities to areas less affected by the outbreak — including the Grand Valley. Miller said property foreclosure activity continues to decrease. Through the first half of 2020, 69 foreclosure filings and 19 sales were reported. Compared to the first half of 2019, filings decreased 31 percent and sales dropped nearly 69 percent. The 24 resales of foreclosed properties during the first half of 2020 constituted 1 percent of all transactions, well below the 10 percent threshold Miller considers indicative of a healthy market. F
Survey reflects mixed outlook for Colorado business Expecting the economy to rebound from the coronavirus pandemic, Colorado business leaders are more upbeat heading into the third quarter, according to the latest survey results. Business leaders remain pessimistic overall, though, especially when it comes to spending and hiring. “Business leaders are telling us they are optimistic the COVID-19 economic bounce back will occur fairly rapidly. However, the pessimism we’re seeing in business spending and hiring is a cause for concern,” said Richard Wobbekind, senior economist at the Leeds School of Business at the University of Colorado. R. Wobbekind The Leeds Business Confidence Index rebounded to 44.3 for the third quarter, up 14.6 points from a record low 29.7. Still, readings below 50 reflect more negative than positive responses. The business research division at the Leeds School of Business calculates the index based on quarterly surveys of business leaders in a variety of industry sectors from across the state. For the third quarter, all six metrics the index tracks increased, although only one metric — for sales — topped 50. Confidence in the Colorado economy rose 18 points to 46.8. While 39.3 percent of those who responded to the survey expected moderate or strong increases, 15.9 percent anticipated no change and 43.9 percent predicted moderate or strong decreases. Confidence in the national economy rose 21.7 points to 43.5
with 37.4 percent of respondents anticipating increases, 15.6 percent no change and 47.1 percent decreases. The reading for sales was highest for the third quarter with a 18.4-point gain to 51.3. While 47.8 percent of business leaders forecast increasing sales, 13.4 percent expected no changes and 38.8 percent anticipated decreases. The reading for profits rose 13.3 points to 44.8 with 38 percent of leaders expecting increases, 15.9 percent no change and 46 percent decreases. The reading for capital expenditures rose 6.1 points, but at 37.1 was lowest of the third quarter metrics. While 18.3 percent of leaders expected increased spending, 31 percent anticipated no change and 50.7 percent forecast decreases. The reading for hiring rose 10.3 points to 42.7 with 24.6 percent of leaders projecting staffing increases, 35.9 percent no changes and 39.5 percent decreases. The third quarter survey also asked business leaders about the effects of the coronavirus pandemic on wages and staffing. Out of those who responded, 40 percent reporting reducing employee pay, 39 percent reported furloughs and 34 percent layoffs. Still, 26 percent of leaders said they were still hiring and 9 percent reported increased wages. The biggest proportion of business leaders — 24 percent — estimated employment recovery for their companies during the first half of 2021. Another 21 percent expected recovery during the second half of 2020 and 20 percent the second half of 2021. F
Page 16
The Business Times
July 9-22, 2020
Jobs up, jobless rate down Consumer confidence rebounds as labor market rebounds
Payrolls swelled and the unemployment rate dropped in June as more businesses shuttered by the coronavirus pandemic reopened and more employees returned to work. Nonfarm payrolls grew 4.8 million and the jobless rate fell 2.2 points to 11.1 percent, according to the latest Labor Department estimates. The initial estimate for job gains in May was revised upward 190,000 to 2.7 million. The gains don’t yet offset job losses earlier this year, most of them related to closures and other restrictions imposed to slow the spread of the virus. For April, the estimate for job losses was revised upward to 20.8 million. For June, 17.8 million people were counted among those unsuccessfully looking for work. Those on temporary layoffs decreased 4.8 million to 10.6 million. Another 9.1 million people were counted among those working part-time because their hours had been cut or they were unable to find full-time positions. The labor participation rate increased seven-tenths of a point to 61.5 percent. At 2.1 million, about two-fifths of the payroll gains occurred in the leisure and hospitality sector. Employment rose 1.5 million at food and drinking places; 353,000 in amusements, gambling and recreation; and 239,000 in accommodations.
Labor index rises
A monthly index tracking labor trends has increased for a second straight month, but a resurgence in coronavirus cases raises concerns. The Conference Board reported its Employment Trends Index rose 3.78 points to 49.05 in June. The index has dropped nearly 55 percent from a year ago, however. F
Retail trades added 740,000 jobs with gains at clothing, general merchandise and home furnishing stores. Employment increased 568,000 in education and health services, 356,000 in manufacturing and 306,000 in business and professional services. Construction payrolls rose 158,000. The average workweek for employees on private, nonfarm payrolls decreased two-tenths of an hour to 34.5 hours. The manufacturing workweek lengthened a half hour to 39.2 hours. Average hourly earnings for employees on private, nonfarm payrolls fell 35 cents to $29.37. The drop reflected job gains among lower-paid workers that pulled down the average. F
A measure of consumer confidence has rebounded on more upbeat assessments of business and labor conditions, but doesn’t yet signal a return to spending levels before the coronavirus pandemic. The Conference Board reported its Consumer Confidence Index rose 12.2 points to 98.1 in June. Components of the index based on current conditions and short-term expectations both increased. “The reopening of the economy and relative improvement in unemployment claims helped improve consumers’ assessments of current conditions,” said Lynn Franco, senior director of economic indicators at the Conference Board. “Looking ahead, consumers are less pessimistic about the short-term outlook, but do not foresee a significant pickup in Lynn Franco economic activity. Faced with an uncertain and uneven path to recovery and a potential COVID-19 resurgence, it’s too soon to say that consumers have turned the corner and are ready to begin spending at pre-pandemic levels.” The business membership and research group bases the index on the results of monthly household surveys. More optimistic assessments of current conditions pushed the present situation component of the index up 17.8 points to 86.2. The proportion of consumers responding to the survey upon which the June index was based who called business conditions “good” rose a point to 17.4 percent. The share of those who said conditions are “bad” fell eight points to 43.2 percent. The proportion of consumers who considered jobs “plentiful” rose 4.3 points to 20.8 percent. The share of those who called jobs “hard to get” fell 5.4 points to 23.8 percent. A more upbeat outlook pushed up the expectations component of the index 8.4 points to 106. The share of consumers who expect business conditions to improve over the next six months held steady at 42.6 percent. But the proportion of those anticipating worsening conditions fell 5.2 points to 15.3 percent. The share of consumers who expect more jobs to become available in coming months fell 1.1 points to 38.4 percent. But the proportion of those anticipating fewer jobs fell more — 5.7 points to 14.2 percent. F
Trends Contributors Opinion Individual effort Business Briefs Business People Almanac
July 9-22, 2020
The Business Times
Page 17
COMING ATTRACTIONS
n The Business Incubator Center offers presentations and webinars on starting a business in Western Colorado. The next sessions of a business startup workshop are set for 9 to 11:30 a.m. July 29 and 1 to 3:30 p.m. Aug. 26 at the center, located at 2591 Legacy Way in Grand Junction. The next two-part webinar on how to start a business is scheduled for 9 to 10:30 a.m. Aug. 13 and 14. The workshops and webinar will cover the business planning process, financing and other topics. Admission is $55, which includes admission to Fast Trac classes on startup topics. The next bookkeeping boot camp is set for 9 a.m. to 2 p.m. Sept. 10 at the center. Participants will learn how to set up and track accounting records and what balance sheets, cash flow projections and income statements can tell them about their businesses. Admission is $75, which includes lunch. For more information about upcoming events, services and programs offered at the Business Incubator Center, call 243-5242 or visit the website at www.gjincubator.org. n A series of webinars will offer information about the coronavirus pandemic and how businesses can attract customers, work with employees and manage liability issues. The Grand Junction Area Chamber of Commerce has scheduled the webinars for 10 a.m. Wednesdays through Aug. 12. The webinars will cover such topics as using safety measures to gain market share, pandemic truths and myths, business insurance, Mesa County health orders and retaining employees and keeping them safe. Registration will be open through 8 a.m. the day of the webinar on the chamber website at www.gjchamber.org. Log-in information for the Zoom meetings will be distributed at least an hour before the webinars. For more information about the webinars as well as other upcoming chamber events, visit www.gjchamber.org or call 242-3214.
Everyone plays a role in keeping COVID-19 case count low
When an executive order directed the Colorado Department of Public Health and Environment to issue a public health order for Coloradans to stay at home to protect the health and safety of residents, many asked the question: Isn’t there another way? At that point in the coronavirus pandemic, there wasn’t. COVID-19 cases were rising too quickly. Without prompt and aggressive action, hospitals would have been overrun. Colorado easily could have seen case counts and the death toll climb to unmanageable levels. Thankfully, that didn’t happen. With positive cases back on the rise, though, concerns mount anew. Hopes the pandemic Amanda would go away in the summer or run Mayle its course remain unrealized. As we learn how COVID-19 spreads and who’s most at risk, we know how to better protect ourselves. Now, the answer to the question has become clearer. And that’s the importance of individual actions — all of us taking steps to protect ourselves and others. There is another way, but it requires each of us to take action. We all have to do our part. Many in our business community have already taken action to protect employees and customers by implementing best practices to keep people at a safe distance from one another, increase cleaning and control the number of people inside confined spaces where we know COVID-19 spreads. The steps you have taken — and continue to take — help keep case counts at manageable levels. Your actions are the reason Mesa County has led the way in reopening. This is our path forward. This is the “other way,” and it’s working. Although COVID-19 cases have increased in Mesa County, they haven’t reached an unmanageable level. We continue on our path forward, although the journey remains unpredictable and the end unknown. Mesa County Public Health (MCPH) recognizes there’s a lot about this pandemic that’s unfamiliar. But most of our recommendations, the actions we can all take to slow the spread of illness, aren’t new. This is the advice public health officials give whenever an infectious illness threatens the health of our community: n Frequently wash your hands.
We must each take responsibility for how our individual actions contribute to the big picture. With each precaution we take, the likelihood of contracting or spreading COVID-19 goes down. Follow them all whenever possible, and we’ll come out ahead.
n Cover your mouth when you cough or sneeze. n Stay home when you’re sick. n Clean and disinfect high-touch surfaces. These are things you’ve heard MCPH and other public health agencies suggest time and time again as prevention and mitigation strategies. They’re trusted, proven and effective. Think back to the norovirus outbreak that closed Mesa County schools in November of 2019. The message was essentially the same. These measures aren’t new to COVID-19. But others, like physical distancing and wearing a covering over your mouth and nose in public, are. We acknowledge they’re not easy or comfortable. But for our community to retain its status as a standout in the fight against this virus — and the freedoms that come with it — we must each take responsibility for how our individual actions contribute to the big picture. With each precaution we take, the likelihood of contracting or spreading COVID-19 goes down. Follow them all whenever possible, and we’ll come out ahead. We’re asking for community support, that everyone does his or her part. The long-term solution is herd immunity and a vaccine. Until then, there are actions we can all take to decrease our risk of becoming infected with COVID-19 and increase our ability to continue on the path forward. Amanda Mayle is communication and marketing manager for Mesa County Public Health. Connect with Mesa County Public Health on Facebook at www.facebook.com/MesaCountyPublicHealth or on Twitter @WeAreHealthyMC. F
Page 18
The Business Times
July 9-22, 2020
What internal barriers limit your business success? If you’re like most business owners and managers, you strive to keep your operations running smoothly and efficiently with as few interruptions to the flow of business as possible. Developing a bigger picture awareness of operations is vital to preventing or removing any blockages limiting success and happiness. Internal barriers or blockages to business success come in many forms: ineffective hiring practices, bad management, poor on-boarding and training, a lack of teamwork, negative culture and team members whose lack of desire and bad attitude prevent them from performing at consistently high levels. There are also less than effective systems and procedures, poor customer service, inconsistent Marcus quality of products and team members Straub who lack the skills and behaviors necessary to communicate effectively. These are just some of the common blockages owners and managers must identify and eliminate to improve business performance and achieve success. How aware are you of internal conditions limiting your operations? If you’re not mindful of blockages, your lack of awareness will prevent you from addressing them at all. Is this really a viable option if you want your business to stand out in the marketplace? If you are aware of blockages in your business, then you’re positioned to take the critical next step of understanding what they are, where and why they exist and how much they cost you in real terms. To clarify how to identify and eliminate potential blockages keeping your business from optimal levels of performance and success, let’s look at a few common culprits:
Think of blockages in terms of a traffic jam. Progress and efficiency grinds to a halt. Frustration grows, tempers flare and everyone starts looking out for themselves.
n Attitude: While skills can be taught to those who want to learn, attitude is a different beast altogether. Although many are hired for their talents, it’s their attitudes and resulting behaviors that determine if they’re a blockage or asset in your business. Team members might be qualified to perform their jobs at a high level. But if they bring a consistently negative attitude to the workplace, their performance will be less than their best and invariably they’ll disrupt operations in multiple ways. Negativity and bad attitudes are a serious virus you can’t allow to spread throughout your company culture. n Communication: Poor or ineffective communication is a primary, and often times leading, barrier to businesses success. For this reason, effective communication that accurately conveys information, images, objectives, feelings and desires so all parties are on a similar, if not the same, page must be highly valued and strongly encouraged. Clear and specific communication allows people and systems to work together seamlessly for superior results. n Talents and skills: All members of a professional team must possess the basic skills necessary to perform their jobs. If not, they’ll hinder the smooth and efficient operations of the business. While a person lacking necessary skills could constitute a good hire, they must compensate for that with a good attitude and strong desire to learn and grow. Otherwise, it’s a waste of time, effort and money to bring them on. n Desire: A lack of desire means team members don’t
care enough to deliver superior job performance. When people don’t care, they also lack commitment and loyalty and are less efficient and productive. These team members will consistently produce lesser quality products and services, resulting in unsatisfied customers. Just one team member can hurt the overall positive efforts of an entire team. They have a dampening effect on team morale and damage the work environment. When an owner or manager tolerates this type of attitude, they lose credibility with the rest of the team. Think of blockages in terms of a traffic jam. Progress and efficiency grinds to a halt. Frustration grows, tempers flare and everyone starts looking out for themselves. Errors increase, accidents occur and the blockage only grows worse. Once you’re through the traffic jam, all of these things are reversed and you experience feelings of relief and satisfaction as you’re free to continue down the road to success and happiness. Not effectively addressing blockages in your business only compounds the situations limiting overall performance. Explore your business to see what blockages you can discover. Consider hiring a qualified professional to assist you in identifying and eliminating blockages in your business for good. Marcus Straub owns Life is Great Coaching in Grand Junction. His personalized coaching and consulting services help individuals, business owners, executives and companies build teams, organizations and lives filled with happiness and success. Straub is winner of the International Coach of the Year Award and author of “Is It Fun Being You?” He’s available for free consultations regarding coaching, speaking and trainings. Reach Straub at 208-3150, marcus@lifeisgreatcoaching.com or through the website located at www.lifeisgreatcoaching.com. F
July 9-22, 2020
The Business Times
Page 19
Advisory boards offer small businesses an edge
Do you have an advisory board for your small business? If not, have you considered creating one? Perhaps you’re thinking, “Why would I want or need an advisory board?” Or maybe you thought about it and then did something else until the idea went away. In an uncertain environment, small business owners need every edge they can get. An advisory board might offer that edge. So what is an advisory board? Hint: It’s not the same as a board of directors. According to Entrepreneur.com, an advisory board is an informal group of local business professionals who can help you run your business better. Because advisory boards are Janet unofficial — unlike a corporate board Arrowood of directors — business owners enjoy a great deal of latitude in how they set up boards. Advisory boards can be structured both to help with the direct operation of your company and keep you informed on various business, legal and financial trends affecting you and your business. What sort of advisors should your board include? The most common members are an accountant (usually a CPA), legal advisor (usually a business law specialist), marketing specialist, financial advisor (usually an insurance and pension plan specialist) and possibly a human resources specialist (with knowledge of employment regulations). In addition, you might tap other small business owners who bring a track record of growth and longevity through economic down times. If you’re in a customerfocused business, which many small businesses are, you also might include several representative customers on your board.
Because advisory boards are unofficial — unlike a corporate board of directors — business owners enjoy a great deal of latitude in how they set up boards. Advisory boards can be structured both to help with the direct operation of your company and keep you informed on various business, legal and financial trends affecting you and your business.
How often should you and your board meet? This is subjective. But generally, the entire board might meet two to four times a year, with you supplying lunch or something similar. You might also want to convene one-on-one meetings once or twice a year with each member. Finally, you might include an option for emergency meetings with one or more board members to deal with unexpected events or crises. What does an advisory board do? Members can serve as a sounding board for your ideas, review your business plan and offer referrals when you need additional support or services — secure a loan or lease new office space, for example. Board members aren’t compensated unless you want to provide a meal or host an after hours event for them. Members will probably want some type of agreement that specifies their roles and exempts them from any liability for their support or recommendations.
What’s in it for the board members? An opportunity to give back to the community, a chance to help a small business succeed, the possibility of new professional connections and exposure to new ideas and different points of view. To get the most from your advisory board you must do several things. First, make sure you have clearly articulated, in writing, your goals and expectations. You need board member buy-in to ensure they understand what you want from them and avoid misunderstandings or working at cross-purposes. Next, make sure you have a working version of a business plan so board members understand your operation and objectives. One of the first steps you and your board probably will take is to review and discuss your plan to ensure it’s aligned with your goals and needs. Then you and the board need to agree, in writing, on a meeting schedule and format. Plan on creating an agenda in advance of each meeting, even one-on-one meetings, and keep minutes following each meeting. Your time, and that of your board members, is valuable and finite. Structured agendas and minutes acknowledge this and keep everyone on track. Finally, always recognize the time and contributions of your board members. A simple “thank you” goes a long way. A written note goes a step beyond. Janet Arrowood is founder and managing director of the Write Source, a Grand Junction-based firm that offers a range of services, including grant and proposal writing, instruction and technical writing. Reach her by email at janet.arrowood@thewritesourceinc.com. For more information, visit www.TheWriteSourceInc.com. F
Page 20
The Business Times
July 9-22, 2020
Despite the myths, soy offers many healthy benefits
Asian diets have included soy for centuries, and there’s growing interest in the western world because of the versatility and benefits. Soy offers a super food for replacing meat and dairy in a highly digestive and low glycemic way. The benefits of soy are numerous and have been studied extensively for safety and efficacy. It can be hard to eat enough protein, an important fuel for your body, if you’re vegetarian or vegan and especially if you’re an athlete or very active. Soybean, also called soya bean, can help. Unlike most plant protein, soy includes all nine essential amino acids you need for healthy muscles and bones. Your body can’t make those compounds on its own, so non-vegetarians mostly get them from beef, chicken and eggs. Patti Reece Only 10 percent to 15 percent of the total fat in soybeans is saturated. Other protein sources like ground beef or pork chops have much more of this type of fat, which usually turns solid at room temperature and could increase your risk of heart disease. Swapping out meat dishes with soy products could benefit your ticker. The role of soy foods in a healthy diet has become somewhat confusing in recent years. Concerns are based almost entirely on the results of studies involving rodents. Results from rodent studies often don’t translate to humans or help in learning about the effects of soy foods. With the exception of those allergic to soy protein, which is relatively rare, all healthy individuals can safely consume soy foods. Much of the concern about soy is based on the estrogen-like effects of isoflavones, a group of naturally occurring plant chemicals found in large amounts in soybeans. Isoflavones are known as phytoestrogens (plant
Unlike most plant protein, soy includes all nine essential amino acids you need for healthy muscles and bones. Your body can’t make those compounds on its own, so non-vegetarians mostly get them from beef, chicken and eggs.
estrogens), but are much different from the hormone estrogen. Isoflavones might have estrogen-like effects. But depending on a number of factors, they also could have effects opposite to those of estrogen or no effects at all in tissue affected by estrogen. Looking at the health effects of estrogen doesn’t provide much information about how isoflavones act. The only way to learn about the effects of isoflavones is to look directly at their biological activity in studies. Although the National Cancer Institute and laboratories throughout the world have rigorously investigated the role of soy in breast cancer prevention, concerns have arisen in recent years soy foods could worsen the prognosis of women with a history of breast cancer as well as increase the risk for those already at high risk of contracting the disease. In stark contrast to animal research, human research supports not only the safety, but also the benefits of soy. When female subjects in clinical studies were given soy foods for isoflavones, there was no effect on breast cancer risk. Hormone therapy increases breast cancer risk as well as breast tissue density and breast cell proliferation. Recently published studies indicate soy consumption after a diagnosis of breast cancer reduces recurrence and improves survival. Women in these studies reported their
soy consumption and were followed for several years to determine whether they were more or less likely to have a recurrence or die from their disease. According to the most recently published study, clinicians no longer need to advise against soy consumption for women diagnosed with breast cancer. Nevertheless, it’s always advisable for women with a history of breast cancer to talk with their health care providers before adding soy to their diets. There are many other benefits of adding soy to a diet, such as enhancing thyroid and cognitive function as well as enhanced childhood development. Fermented soy commonly consumed include natto, miso and tempeh. Unfermented soy foods include edamame (green soybeans), tofu, soymilk and isolated soy protein. Fermented and unfermented soy foods have similar protein and isoflavone contents. However, the protein digestibility of protein from unfermented soy is excellent, exceeding 90 percent. Based on clinical studies conducted in Asia and the West, you can feel comfortable eating as much as three or four servings of these foods a day. This amount provides around 25 grams of protein and about 100 milligrams of isoflavones. Enjoy that high-quality shake everyday and begin to experience the health benefits. It’s a convenient and great way to start your day. Patti Reece owns Shaklee For the Health of It in Grand Junction She’s used an educational-based approach to help thousands of people create healthier lives both physically and financially. She specializes in online business training. She’s available for free consultations. Reach her at 260-4839, patti@pattireece.com or www.PattiReece.com. F
July 9-22, 2020
The Business Times
Page 21
Contributors Opinion Bold And inpredictions the blink offor an2015 eye, Product of lemons depends A new year affords Business Briefs my baby gone ... more likeisnot-so-bold repeats on how well they’re handled a new opportunity Business People Almanac to meet local needs THE he BUSINESS usiness T T Times IMES
PAGE age 22
A proverb has been stuck in my brain for months now and festered there like a splinter. When life gives you lemons, the well-worn saying goes, make lemonade. Is that too much Pollyanna can-doism in the face of a pandemic that’s brought tragedy to so many lives? Or is it the only way forward given the altogether understandable but even morealways tragic brings alternative of simply calling it quits? A new year almost an opportunity for a fresh start and As editor of a business journal and member of the news renewed ambition to do things better. I’ve been bothtoimpressed discouraged what’s In business, thatmedia, usually boils down providingand customers betterwith products beenatdone and services faster and lowerwith costlemons. than competitors. Part of the process must I’ve been repeatedlywhat impressed by the way include listening to customers to determine they actually needbusinesses and then have responded to the pandemic and restrictions their if meeting that need. After all, it does little good to offer the latest and on greatest operations. Restaurants initially prohibited from offering nobody actually wants what you’re selling. dining switched to carryout and delivery. Retailers JustCastle like the businesses that belong to the group, the Grand Junctionfollowed Area Phil suit invariably with their starts own variations on year that theme. Chamber of Commerce out the new with a reassessment of Other businesses have well beenthey just match as adept andmembers adaptive the services and resources it provides and how with in changing their operations. been of fortunate to report stories about a needs. Jeff Franklin, the new I’ve chairman the chamber board of directors, cleaning business that’s disinfecting offices, and homes. A company personifies this approach in describing what stores he considers his role for the coming offering genetic testing added COVID-19 testing to its services. And Reynolds year: listen to members, determine their needs and then meet those needs. It’s a Polymer Technology, the Grand Junction-based company perhaps best known for role with which Franklin is familiar as market president of Bank of Colorado. supplying components for on thealargest aquariumsapproach in the world, pivoted as well. The process will take more structured in what the chamber The quickly responded to meet sudden demandtofor thin acrylic planscompany as the resumption of a program aptlythecalled Listening Business. Under the panels used in the protective barriers that have become nearly program, business owners participate in in-depth interviews to ubiquitous. identify barriers to If I’ve nothing they else in my more than 20-year tenure as editor of the growth and learned other problems encounter. Business Times, it’s that business owners are the a thankfully The new year offers a good time to join proverbialcreative club. and resilient lot. That’s encouraging. As an advertiser or reader, what do you need from the Business Times? Conversely, I’mjournals discouraged by the results a recent poll that While business traditionally gatherof and report Gallup the relevant news to revealed Americans disapproved of the way the news media has handled thetrue as readers, communication isn’t necessarily a one-way street. That’s especially response thee-mail coronavirus pandemic. percent of those who responded Web sitestoand make the dialogueWhile more 44 convenient than ever. to theGood poll publications said they approved of the the news media has handle the situation, don’t exist in way a vacuum. They respond to the needs of 55 percent disapproved. The news media wasneeded. the only one of a total of nine advertisers and readers. They provide what’s institutions that received more negative than positive responses. So whatand do leaders you need? IIssuspect some of the disapproval stems fromhelp frustration with conflicting there additional news coverage that would keep you informed about reports over thedevelopments? effects of COVID-19 measures slowbe itsinteresting spread. However, local business Are thereand features that to would or the sources of those reports have been useful? Is there advice that would makeconflicting, your jobs aeven littleamong easier?the president of the United Statesimportant and thosetoofficials withneed. protecting our health. It’s equally ask whatcharged you don’t With limited time to I wonder, too, how muchspace the disapproval the news do with produce content and limited in which toofpublish it, media would has timetoand space be confusion over what constitutes media. Media includes newspapers and magazines better devoted to something else? as well as television and radio I’m less What inclined to include social media. What’s good? What isn’t?stations. What’s needed? isn’t? I worry disparate entities get lumped together by what’s become a disparaging Let us know. Send us an e-mail. Comment online on the Business Times term. Web I admit media hasn’t uniformlyYou handled pandemic There’s been site at www.thebusinesstimes.com. couldthe even write anwell. old-fashioned letter to what I consider anlike. alarming trend to overemphasize political implications. the editor if you’d Your feedback, both positive and negative, is valued and I can do considered. is to promise readers I’ll do my best to report news in as will All be carefully straightforward a manner possible and onof thetheir opinion Good publications areasthe result of notleave onlyopinions the efforts staffs,page. but also Otherwise, the result of mishandling lemons is more sour outcome than collaborative efforts involving advertisers and readers. welcome Like refreshment. any other good business, we want to listen to our customers, find out what they need and then meet those needs. Phil It’s Castle is editor the Business Reach him at phil@thebusinesstimes.com a new year. of Please help us Times. to do so. or 424-5133. ✦ F
THE BUSINESS TIMES
609 North Ave., Suite 2, Grand Junction, CO 81501 TEL (970) 424-5133 • FAX (970) 424-5134
Publisher/Owner: Craig R. Hall
Editor: Phil Castle
Reach advertising at: publisher@thebusinesstimes.com Reach the editor at: phil@thebusinesstimes.com.
Subscribe or submit press releases online at www.thebusinesstimes.com The Grand Valley Business Times, a subsidiary of Hall Media Group LLC, is published twice monthly and distributed throughout Grand Junction, Fruita and Palisade. Advertising rates and deadlines are available upon request. Opinions expressed in this publication are those of the writers and do not necessarily reflect the views of the publisher, editor, staff or advertisers. Copyright © 2015 — AllCopyright rights reserved. © 2020 — All rights reserved.
I’m writing this column in this paper because timeofthe next issue comes It’s by thatthe time year when out, this willand all be hitting too closeabound. to home. resolutions prognostications You see, when we print on July 22, I’ll be My favorite saying applied to New Year’s spending every that basically delivery a resolutions is insecond sayingafter they’re packing and readying my oldest daughter bunch ofuppromises to break the first week for her moveAnd to Denver college. of January. while Ifor won’t predict a With whole lot,the I can pretty much accurately coronavirus pandemic nail a few things that without question messing upthe hernews. You will see these are will make graduation, pretty, well,birthday, predictable: graduation party and ■ Prediction one: everything in between, There will be some Isort getof to weather experience event, the flooddisaster of emotions natural or over a three-week heinous occurrence period. Let’s justwill say it where someone isn’t sitting welland withsay be interviewed daddy. And a flood the following: “I’veof Craig Hall emotions is. never seenitanything Mostinofmy you know my oldest has a like that unique name lifetime.” It’s — as ifEvin. this But you might not Craig Hall know that name comes form. Evan personwhere is a required was the middle name of my two, older, attendee at every news identical brothers passed away reporting twin event. While Iwho understand most five weeks apart fromcan heart attacks in the people’s perspective indeed be limited late spring of 2000. We were goingpersonal to by, or contained within, their own name our firstit born experiences, is tooEvan muchregardless. to ask to Since waited until our baby arrived consultwe some historical perspective before to knowsuch the asex, we had and my can saying thing? Yes,mom this response female of EvinBut waiting apply toversion some events. whenas it well. comes And since wonderful day, to weather and that natural disasters, I’m pretty our has lived up to both theitself. suredaughter this is simply history repeating uniqueness andfor individual and of Same as it has millions qualities and millions strengths of her namesakes. years. More important, the planet made it! most identical youHow’s had WhatLike didn’t were certaintwins, species. to both my brothers to understand thatknow for perspective? the whole. I’m nottwo: saying theyit didn’t ■ Prediction When comes to a share qualitiesthat as dads andbetween men. It’s crime great or something occurs just that Karl was more a pie in the sky humans, the other required attendee at all dreamer, why not try itiskind of guy. who Kurt news reporting events the person never did “They anything without a plan, applying says this: we’re just the nicest common sense, truths checking people, and in noeternal way did I seeand something with the coming.” man upstairs before a like this Exactly. Nomaking one does move. didn’t understand most ofNot thethat timeKarl when it comes to eternal truths common sense, he just neighbors andand acquaintances. People should seemed to ignore it ifgoes something be surprised at what on fromlooked time to like For Kurt, the adventure timean in adventure. their neighborhoods, towns and was the know outcome. with knowing people they because people are won’tfor lie: the that pastthey 18 years, good.I And theFor times shouldn’t it’s been really wonderful having a repeat daily be shocked — like with politicians, reminder life of my two brothers. offenders in andmy terrorists — where’s the But Evin has much of a blessing interview that been says, so “This doesn’t surprise than reminder. me injust thealeast.” How the oldest daughter of thegood two ■ Prediction three: Something youngest kids became suchand a reliable, will happen economically, the caring, loyal,will wicked funny for (OK, THAT is government take credit it. The most from two nuclear who recentthe example is gas family prices, clowns where people created her),Ipassionate and kid for ask me why won’t credit theloving president is beyond me. IMy guess that means mom low gas prices. answer is simple: and I did OKnever on themakes parentthe end of Evin’s Government price of life in spitego ofdown a pretty divorce and something andrough simply takes credit complicated communications over theto for good news. Gas pricing is subject years. I guessfactors. the telling is very many global Nowpart there are few of the messages weretoabout parenting. government answers addressing someAnd of when they were, it was about co-parenting them to keep prices stable for Americans, something Evin needed. but our government has none of them in thatthings stopsitme worrying place.None The of only hasfrom in place in the
July15-28, 9-22, 2015 2020 JANUARY
long run always hurt consumers. Another fact is that unemployment reaches a certain level based on the economy. And while the government might brag the number is low, it’s more than likely the government did something to cause that number being low — and not in a good way. Conversely, when business picks up, it’s because the people who need to buy widgets who were not buying widgets because the economy was contracting due to natural (or unnatural, government caused) reasons, decided we better buy some widgets. The government had nothing to do with this. ■ Prediction four: In keeping with things the government does, I predict the government will manipulate the numbers to Evin make Hall the claim the economy is getting about coming movehard anditgiant step in to better the because of how is working my life. Because no matterNow how helpdaughter’s all of us “working Americans.” smooth thissay, process hasyou gone (and Evin has you might “Craig, always say this done of theObama work) there’s little aboutmost President becausestill youthat don’t devil on her shoulder like him.” You’re rightthat in aneeds sense.a Iswift don’tkick in the backside those know the man, to butmake whatsure I know ofplans him and come to fruition. I’mlike impressed Evin his thinking, I don’t it or him onewants iota. the responsibility planningI this start to Before you go off,ofhowever, didn’t like her adult life. But I’m she doesn’t President Bush and hisconcerned bailouts, stimulus seek outabandoning some expertthe advice from folks and his free market to save who’ve the the free completely market. Andbungled I don’t some know of him decisions shethe needs to make correctly. either. What government does, and the But doeconomy. it. onlythat’s thingEvin. it canShe do, wants is hurttothe That brings up another Unless it does nothing or putdichotomy criminals inin this scenario. I don’t want mythem, daughter to jail instead of partnering with nothing need me. It makes mewill proud setlook her the government does help.we’ve Always up socially move on insays at itmentally this way,and whatever thetogovernment life. But, boy, I sure the need her of to the need me. it is doing, whatever name law it Iisknow there’s a night coming soonof passing, or whatever the namevery or goal where she’s not itgonna say goodnight the bureaucracy is presenting to the and Ipeople, love you. There even be to several expect the might polar opposite occur. nights in a row like that. That’s life. But it I guess what I’m saying is that also sucks, perhaps it’s big timetime. to get out of our own So to myThere’s sweet daughter Evin as you perspective. plenty of history prepare to move on, please remember even to books and historical research out there though it was my job tothat raise righthas and begin to understand allyou of this take care ofbefore. all of your andagain, wants (and happened Andneeds it will there werethe tons) these 18 years, there’s a whether topic is first people or government. new need in your life. And its coming The best recommendation is tofrom find the opposite Dadwhole still needs to some booksdirection. or try that Google hear from you, have run problemson andthe thing. There’s a lotyou of information thoughts and ideas byThe himtruth and phone calls Great Depression. is it wasn’t and because. If you thought evenconversations a good one just until the government got those crazy,There’s hour-long conversations you’d involved. also plenty of research drag memedieval into whenwarm I wanted to gowhen to bedthe after on the period you gotwas homemuch late didn’t mean anything, I can planet warmer than today with assure youlotthey the (and world.warmer well a whole lessmeant people One lastwas note.here All of the above goes before man at all). And yep, for momhave and been sissy as well.other There’s a reason people killing surprised you were named mostwas loyalfirst teammate people since history written.on FruitaMaybe Poms some this year: Communicating and research will help stop showing lovetrends. comesOtherwise, natural to you. all of these we’ll be And I’m most of blessing saying we’ve neverproud seen anything likeyou it in with that. And not in a good way. our lives. Craig Craig Hall Hall is is owner owner and and publisher publisher of of the the Business Times. Reach Reach him him at at 424-5133 424-5133 Business Times. or or publisher@thebusinesstimes. publisher@thebusinesstimes.com. F ✦
July 9-22, 2020
The Business Times
Page 23
Better regulatory process Government controls in everyone’s best interest stay the invisible hand While people generally understand the considerable collection of laws that govern us as a society, the ever larger web of regulations intended to enforce these laws remain a mystery. But since regulations are essentially the muscle behind America’s laws, they’re central to supporting and protecting our economy, environment and overall welfare. In light of the horrifying pandemic that’s ravaged America’s people and spirit, it’s more important than ever to take time now to advance and support steps to improve the federal regulatory Matt Soper system for the better. A great example is that recently taken by Andrew Wheeler, administrator of the U.S. Environmental Protection Agency. Last year, Wheeler issued a guidance asking the EPA to ensure that its regulatory decisions are rooted in sound, transparent and consistent approaches to evaluating costs and benefits. Known as a cost-benefit analysis, this process allows an agency — in this case the EPA — to evaluate the negative and positive effects of a regulation on the public. The agency is now following up on this important guidance by announcing and soliciting public comment on a rule to ensure a consistent, transparent analysis is applied to significant regulations disseminated under the Clean Air Act. As it stands, the specifics on how the EPA implements a cost-benefit analysis is inconsistent and largely dependent on the ideological leanings of the sitting administration. As a result, what’s supposed to be a straightforward, objective analysis becomes little more than a political tool. That’s why Wheeler’s quest to codify specific guidelines — thereby creating consistency in their interpretation and generating greater transparency around this process — is so important. This effort will improve the regulatory process for the better, especially for Colorado. That’s because the EPA is one of the most onerous regulators in the nation. EPA regulations make up almost 70 percent of the costs of federal rules, most of which originate from the enforcement of the Clean Air Act. The U.S. Chamber of Commerce estimates these regulations cost the American economy nearly $2 trillion a year in direct expenditures, lost productivity and higher prices. While my district in Western Colorado has a vibrant tourism sector, natural resource industry and small business community, an enormous percentage of its land base is federally owned. Therefore, virtually all economic development projects — whether they’re for energy development, community
When the analyses of the regulations that govern these projects aren’t consistent, transparent and objective, then investment, economic growth and regional competitiveness is put in jeopardy.
expansion, agricultural use or forestry management — are subject to review and subsequent analysis by an EPA office. It stands to reason when the analyses of the regulations that govern these projects aren’t consistent, transparent and objective, then investment, economic growth and regional competitiveness is put in jeopardy. For example, the economy of the Western Slope depends on Interstate Highway 70. But needed expansions of key parts of the I-70 corridor have been delayed and rendered unreasonably expensive by regulations that weren’t subject to a systematic review. As a result, traffic backlogs drive up the costs of goods as transportation costs grow higher. Wheeler’s proposal serves the public interest by increasing transparency and ensuring the EPA doesn’t impose greatly inflated costs in exchange for negligible environmental benefits. At present, there are no rules to ensure the public is provided an analysis of the benefits and costs in a consistent manner across field offices. Through a systematic and consistent approach to how the EPA estimates these benefits and costs, economic and environmental considerations could progress in tandem under a set process everyone understands. Notably, this is the type of progress that’s already been adopted in other countries. In the United Kingdom, government entities follow the economic and finance ministry “Green Book,” which outlines specific guidance for assessments that evaluate whether the benefits of a project are expected to exceed the costs. Additionally, the UK has tactics to streamline the approach to cost-benefit analysis by developing “sharable values” that can be used across agencies in any project analysis. When it comes to EPA regulations, many automatically see this as the environment versus the economy. But this is not a zero-sum game. Improving the regulatory process is in everyone’s best interest. Regardless of one’s political affiliation or ideology, Wheeler’s proposal deserves fair consideration. Coloradans should support it in the name of accountability and good governance. State Rep. Matt Soper, a Republican from Delta, represents District 54 in the Colorado House of Representatives. F
Adam Smith identified and named the concept of the invisible hand in his book “The Wealth of Nations.” The invisible hand that’s the driving force in a market economy is each individual promoting his or her self-interest. Consumers aim to achieve the greatest satisfaction from their spending. Entrepreneurs try to earn the highest profits for their firms. Workers want the highest possible wages. Property owners attempt to get the highest possible prices from the rent and sale of their resources. Another way to envision the invisible hand is one in which the outcome to be explained is produced in a decentralized way with no explicit agreements between the acting agents. The second necessary component is the process is unintentional. Independent actions are neither coordinated nor identical with the actual outcome, which is simply a byproduct of those actions. This is why the process is called invisible. One of the best descriptions of the invisible hand in a market economy is found in the classic essay titled “I, Pencil” by Leonard E. Read. Read showed that in spite of the simplicity of a wooden pencil, no single person knows Phyllis how to make one. As he traced the complexity of the division Hunsinger of labor and development of resources that go into making a pencil, he beautifully demonstrated the degree of cooperation necessary to produce anything. Our standard of living is a result of people producing things and coming up with new processes beyond the capacity of any one individual. It’s almost like the economy is guided by an invisible hand. In the beginning of 2020, the United States economy was healthy and the work of the invisible hand was evident as record numbers of people were gainfully employed and economic indices indicated continuing prosperity. Then COVID-19 was introduced into the lives Government of Americans, and various government agencies in all 50 states began to take control of the economy agencies must in an effort to stop the spread of the deadly virus. relinquish their Travel was restricted, devastating cruise lines and control over the airlines. A glut of oil and natural gas caused prices to drop. Meat processing plants were closed and economy. Central animals needlessly slaughtered. Grocery prices planning has escalated because products were limited. Millions demonstrated it of Americans lost their jobs. In a manner of two months, a vibrant economy was destroyed. doesn’t have the The invisible hand was stayed. Social unrest by groups of individuals desiring skills to direct an to destroy the fabric of our nation has added another economy. disruption to the intricate workings of the economy. Protection of property rights, enforced by the rule of law, is fundamental to America’s history. This protection resulted in one of the best economies in the world and enabled its citizens to attain a high standard of living. Rebuilding a strong economy will take much longer than it took to destroy it. Government agencies must relinquish control over the economy. Central planning has demonstrated it doesn’t have the skills to direct an economy. Agencies responsible for maintaining law and order must do their jobs. Free people to work in their best interest and protect their property. The invisible hand of the market will return to this country a vibrant economy. Phyllis Hunsinger is founder of the Freedom & Responsibility Education Enterprise Foundation in Grand Junction. The foundation provides resources to students and teachers in Western Colorado to promote an understanding of economics, financial literacy and free enterprise. For more information, visit www.free-dom.us.com. A former teacher, principal and superintendent, Hunsinger wrote “Down and Dirty: A ‘How To’ Math Book.” Reach Hunsinger by email at phyllis@free-dom.us.com. F
SHARE YOUR VIEWS The Business Times welcomes letters to the editor and guest columns on issues affecting businesses in Western Colorado. Submissions should be emailed to phil@thebusinesstimes.com and include names and telephone numbers for verification.
Page 24
Opinion Business Briefs Business People Almanac
n APPLICATION OFFERS ONLINE SHOPPING FOR PALISADE AND FRUITA FARMERS MARKETS
An application offers a way for people to shop online for produce and merchandise sold at farmers markets in Palisade and Fruita. The WhatsGood app at https://sourcewhatsgood.com allows people to shop the markets online. Orders are paid in advance. Vendors assemble orders for easy pickup at drive-through locations at the markets. “This is a great opportunity for people to shop without going to the market,” said Michelle Gossage, market manager of the Palisade Sunday Farmers Market. “If you’re worried about being in a crowd or you simply want to pick up farm-fresh items quickly, this is for you. Give it a shot.” Kayla Brown, executive director of the Fruita Area Chamber of Commerce, said she’s excited to offer online shopping at the Fruita Farmers Market. “Having the ability to connect more consumers with our local farmers will make a significant impact on our economy and local agriculture,” Brown said. “I always encourage everyone to support local. And now that can be done with the click of a button.” n KAMPGROUND OF AMERICA FACILITIES OPEN FOR CAMPING IN COLORADO The 26 Kampgrounds of America (KOA) facilities in Colorado have opened after statewide coronavirus pandemic restrictions were lifted. “Our locally owned and operated campgrounds are excited and ready to do what they do best, share the great outdoors with everyone,” said Toby O’Rourke, president and chief executive officer of KOA. “We’re working diligently with all our locations to put the proper protocols in place to ensure the welfare of our staff and our campers.” KOA facilities operate with modifications to comply with state and local health policies as well as Centers for Disease Control and Prevention guidelines. Facilities offer contract-free check-in procedures, social distancing activities and additional cleaning. “By its very nature, camping is a great way to get away while staying distanced,” O’Rourke said. “Camping gets you out of the house and into the fresh air, allowing families to connect to the outdoors while still remaining cautious of the virus.” For more information about KOA facilities or reservations, visit the website at https://koa.com.
The Business Times
SHARE YOUR NEWS
NOTEWORTHY
The Business Times welcomes submissions for free publication in Business Briefs. Email submissions to phil@thebusinesstimes.com or submit a news release online at the website at www.thebusinesstimes.com.
Five Grand Valley companies are among 50 Colorado employers receiving recognition for their efforts to ensure workplace safety. Asphalt Specialists and Supply, DW Metal Works, HRL Compliance Solutions and Munro Companies in Grand Junction received the 2019 Circle of Safety Award. So did ADESCO in Fruita. Pinnacol Assurance, a workers’ compensation insurer, presents the awards to policyholders that meet criteria for safety, loss control and financial and claims management. “It’s crucial that businesses take proactive safety measures to protect their employees, and we’re seeing that’s especially true amid a pandemic,” said Josh Kreger, director of safety, innovation and strategy for Pinnacol Assurance. “An unwavering commitment to a strong safety program is the foundation of a safer workplace as businesses confront the unique challenges of COVID-19. An investment in risk management directly benefits businesses’ operational productivity and employees’ physical safety. It also can foster engagement, trust and loyalty, all of which help keep employees living safe and healthy lives.” To be eligible, companies must be a policyholder for at least four consecutive years, hold certification for preventing workplace injuries and controlling insurance-related costs, report 80 percent or more of claims within 48 hours over the past four years, have a combined four-year ratio of claims paid to premiums equal or less than 35 percent and experience a modification rate of employer claims costs compared with industry average of 0.88 or less. Companies also must have two or fewer cancellation notices a year and no workplace fatalities. For more information about Pinnacol Assurance, visit the website at www.pinnacol.com.
n GRAND JUNCTION ANODE MANUFACTURER SCHEDULES INFORMATIONAL MEETING Anode Systems in Grand Junction has scheduled a half-day meeting offering information about regulations requiring the protection of steel storage tanks used in energy development as well as corrosion prevention. The meeting is set for 9 a.m. July 23 at the Chipeta Solar Springs Resort in Ridgway. A $50 registration fee covers the live seminar or webcast. For registration or more information, log on to www.anodesystems.com or call 243-4149. The meeting will cover proposed rules for produced water tanks in Colorado, federal regulations, testing for cathodic protection of steel lease tanks and flow lines and corrosion protection with anodes. The meeting will offer information for oil and natural gas producers, tank manufacturers, field inspectors, anode distributors and others. Anode Systems manufacturers and sells a variety of anodes that control corrosion in storage, tanks and pipelines. What’s branded as Sunflower anodes control corrosion and microorganisms in evaporative coolers. n DONATIONS ACCEPTED THROUGH JULY FOR SCHOOL SUPPLY DRIVE AT MESA MALL Donations will be accepted through July for the annual Stuff the Bus school supply drive at the Mesa Mall in Grand Junction. Donations of new school supplies can be dropped off at the white activity bus parked in the middle of the mall, located at 2424 U.S. Highway 6 & 50. Donations will be distributed to Mesa County District 51 schools, which in turn will distribute supplies to the families that most need them. Parents can request assistance from the office staff at their children’s schools on or after July 21 School supplies most in demand include binders, crayons, erasers, glue sticks, graph paper, markers, notebooks, notebook paper, pencils, pocket folders, rules and scissors. F
New Mesa County division to manage stormwater A new division of Mesa County Public Works has assumed management of stormwater in the county. The Mesa County Stormwater Division took on the role when a collaborative agency down as the 521 Drainage District dissolved. The federal Clean Water Act as well as the Colorado Department of Health and Environment require stormwater oversight to protect rivers and wildlife from pollutants. The division has implemented five measures to ensure compliance, including measures associated with illicit discharge detection and elimination, construction sites, pollution prevention and public education and outreach. “Recreating outdoors, having clean water to irrigate, fresh produce and enjoying our rivers is an important part of Western
July 9-22, 2019
Colorado’s way of life, and we are here to help make sure that happens,” said Josh Martinez, stormwater coordinator. Residents can help by recycling used motor oil, composting grass clippings, waiting to fertilize lawns until after it rains or on a clear dry day, cleaning pet waste and shoveling snow in the winter instead of using salt. “Small actions make a big difference when improving water quality,” Martinez said. “We have created a list of small actions each of us can do to be better stewards of our waterways and to give people ideas of how they can help with the mission.” For more information, contact the Mesa County Stormwater Division at 263-8201 or stormwater@mesacounty.us. F
July 9-22, 2020
The Business Times
Page 25
Page 26
News Business Briefs Opinion Trends Business People Alma Business Briefs BusinessContributors People Almanac Opinion B Business Briefs Busine Business People Almanac The Business Times
July 9-22, 2020
SHARE YOUR NEWS
The Business Times welcomes submissions for free publication in Business People and the Almanac calendar of events. Email submissions to phil@thebusinesstimes.com or submit a news release online at www.thebusinesstimes.com.
Diane Schwenke
Jeff Kuhr
Merritt Kinsey
n ROTARY CLUB OF GRAND JUNCTION HONORS THREE LOCAL EXECUTIVES
Diane Schwenke, president and chief executive officer of the Grand Junction Area Chamber of Commerce, and Jeff Kuhr, executive director of Mesa County Public Health, have been recognized for their efforts to address the economic and health effects of the coronavirus pandemic. The Rotary Club of Grand Junction also named Merritt Kinsey as its Rotarian of the Year for his contributions to the organization and community. The club presented Schwenke and Kuhr with its Service Above Self Award, the highest honor the organization bestows. “We have all experienced and are experiencing the extreme challenges that this pandemic has brought upon us. We have been blessed to have our two recipients of this year’s award manning their posts and going above and beyond to address the health and economic issues thrust upon us,” said Peter Booth, club president. Kinsey, chairman of the board of WSI Global, was honored for his contributions as a member of the Rotary Club of Grand Junction since 1980. He has served as club president, Rotary International annual fund chairman and a major Rotary Foundation donor. As a member of the King N’ Trio musical group, he’s performed in benefit concerts for Rotary and other community organizations. “Year in and year out, no matter the project or program, you always see Merritt pitching in and often leading the way,” Booth said.
n GRAND JUNCTION FINANCIAL FIRM NAMES PRINCIPAL OF TAX AND ACCOUNTING TEAM
Nancy Harward has joined RoseCap Financial in Grand Junction as principal of the tax and accounting team. Harward, a certified public accountant, brings to her duties more than 15 years of corporate and personal tax and accounting experience. She worked 13 years for Eide Bailly. She holds a bachelor’s degree in Nancy Harward accounting with a minor in business administration from Colorado Mesa University, where she graduated with honors and received the outstanding woman in accounting award. RoseCap Financial offers financial and retirement planning, portfolio management and tax and accounting services. The firm operates offices at 200 Grand Ave., Suite 205. For additional information, call 773-5300 or visit www.rosecap.com.
n MONTROSE WOMAN AMONG APPOINTEES TO INTERAGENCY COORDINATING COUNCIL Janine Rusack of Montrose is among the appointees to the State Interagency Coordinating Council. The council advises the Colorado Department of Human Services on implementing the Individuals with Disabilities Education Act, including support and services for infants and toddlers with disabilities as well as their families. F
Colorado man appointed to business centers board Benjamin Kwitek, director of innovation at the University of Colorado in Colorado Springs, is among six appointees to the National Small Business Development Centers (SBDC) Advisory Board. The board advises the U.S. Small Business Administration on ways to improve SBDC programs and operations. More than 900 Small Business Development Centers — including a center in Grand Junction — operate across the United States and provide direct, face-to-face counseling to small business owners and managers. Kwitek is also a board member of Intellectual Property, Innovation and Prosperity at Stanford University as well as founder of Gellyfish Technology, Bullet Proof Technology, My BetterSelfie, Roundabout Signs and InterForm Incorporated. The other appointees include: Kristen Bailey, the co-founder and chief executive officer of Sweets and
Meats BBQ and the SBA Ohio Small Business Person of the Year in 2019; Lea Marquez Peterson, president of Marquez Peterson Group in Arizona; Louis Foreman, CEO of Enventys and founder of Edison Nation in North Carolina; Bruce Thompson, a state senator from Georgia; and Bertica Cabrera Morris, the owner of Bertica Cabrera Consulting in Florida. Frances Padilla, director of the SBA Colorado District Office, praised Kwitek’s appointment. “We’re excited to have representation right here from Colorado on this critically important advisory board,” Padilla said. “Benjamin’s credentials speak for themselves, and his extensive background in small business startups as well as his contribution to our state’s academic environment will make him a valuable addition to this nationwide group.” F
July 9 n Fruita Area Chamber of Commerce Welcome Thursday Friends networking group, noon July 9 and 16. Reservations required. Call for location. 858-3894 n Fruita Area Chamber of Commerce business after hours, 5:30 to 7 p.m., Dinosaur Journey, 550 Jurassic Court. Admission $5 for chamber members, $10 for others. 858-3894 July 13 n Fruita Area Chamber of Commerce Business Builders networking group, noon July 13 and 20. 858-3894 July 14 n Mesa County Women’s Network luncheon meeting, 11:30 a.m. to 1 p.m., DoubleTree by Hilton, 743 Horizon Drive, Grand Junction. Admission $20 for members, $25 for others. www.mcwn.org July 15 n Western Colorado Human Resource Association free membership appreciation networking event, 7:30 a.m., Bookcliff Country Club, 2730 G Road, Grand Junction. Registration open online. www.wchra.org n Grand Junction Area Chamber of Commerce webinar on pandemic truths and myths, 10 a.m. www.gjchamber.org n Grand Junction Area Chamber of Commerce Networking at Noon, 11:45 a.m., Fisher’s Market, 625 24 1/2 Road, Unit A. Admission $18 for chamber members, $23 for others 242-3214 n Palisade Chamber of Commerce business after hours, 5:30 to 7 p.m., Tammy Tallent Law, 3819 N. River Road. Admission $6 in advance, $8 at the event. 464-7458 July 22 n Grand Junction Area Chamber of Commerce webinar using safety measures to gain market share, 10 a.m. www.gjchamber.org Upcoming n Business startup workshop, 9 to 11:30 a.m. July 29, Business Incubator Center, 2591 Legacy Way, Grand Junction. Admission $55. 243-5242 n Grand Junction Area Chamber of Commerce webinar on business insurance, 10 a.m. July 29. www.gjchamber.org n Two-part webinar on how to start a business, 9 to 10:30 a.m. Aug. 13 and 14. Admission $55. 243-5242 n Palisade Chamber of Commerce business after hours and downtown business crawl, 5:30 to 7 p.m. Aug. 19, check in at the chamber office, 305 S. Main St., Suite 102. Admission $6 in advance, $8 at the event. 464-7458 F
July 8-22, 2020
The Business Times
Page 27
Page 28
The Business Times
July 9-22, 2020