THE BUSINESS T IMES News MAY 12-25, 2022
THE DEFINITIVE SOURCE FOR GRAND JUNCTION BUSINESS NEWS SINCE 1994
VOLUME 29, ISSUE 9
THEBUSINESSTIMES.COM
Trends Profitable 2 Contributors journey Opinion 4 Business Briefs 5 Business People Almanac
In this issue n Slowing sales
Real estate sales continue to slow on a year-over-year basis, although the local market remains strong overall.
n Director wants business center to offer help along the way. Page 2
n Pitch perfect
Applications will be accepted through June 10 for the Greater Colorado Pitch Series offering investment funding.
n Theatrical effort
Jeff Engell oversees programs and services offered at the Small Business Development Center in Grand Junction.
Colorado Mesa University will receive $39 million in state funding to rebuild the Robinson Theater on campus.
n Sturdy foundation
6
Construction proceeds on a cancer center with work on a foundation for two linear accelerators used for treatments.
n Indicative report
19
The Colorado economy continues to recover from the pandemic, a quarterly report of indicators confirms.
n All in the FAMLI
21
It’s time for employers to prepare for a family and medical leave insurance program starting in Colorado.
n Departments Almanac Business Briefs Business People Contributors News Opinion Trends
30-31 28 30 21-25 2-18 26-27 19-20
Business Times photo by Phil Castle
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THE BUSINESS T IMES News The Business Times
Page 2
May 12-25, 2022
Trends Contributors Opinion Business Briefs Business People Almanac
Mesa County real estate transactions decelerating Rising interest rates affect affordability, but demand persists Phil Castle
The Business Times
Real estate sales continue to slow on a year-over-year basis in Mesa County as higher prices and mortgage interest rates affect affordability. The local market remains strong overall, however, industry observers say. “There’s still plentiful buyer demand out there,” said Robert Bray, chief executive officer of Bray & Co. Real Estate based in Grand Junction. Annette Young, the administrative coordinator at Heritage Robert Bray Title Co. in Grand Junction, said she expects a seasonal uptick in coming months. “We’ll still have spring and summer volume.” Young said 468 real estate transactions worth a total of Annette Young $197 million were reported in Mesa County in April. Compared to the same month last year, transactions fell 7.1 percent even as dollar volume climbed 6.5 percent. Sixteen large transactions worth a combined $32 million accounted for part of the increase in dollar volume. Those transactions included the sale of a commercial and industrial property for $9 million, an industrial and manufacturing property for $2.7 million and 345-acre mountain ranch for more than $2.3 million. Through the first four months of 2022, 1,675 transactions worth a collective $703 million were reported. Compared to the same span in 2021, transactions retreated 8.8 percent and dollar volume advanced 12.8 percent. While April sales numbers were below those for 2021, they exceeded 2020 as well as the five-year average, Young said. Higher prices and mortgage interest rates make homes less affordable and slow sales, although Young said spring and summer volume should remain strong. According to numbers Bray & Co. tracks for the Mesa County residential market, See REAL ESTATE page 16
Jeff Engell oversees programs and services offered at the Small Business Development Center in Grand Junction. Engell brings to his new position as director experience as a business coach and founder of a global consulting firm.
Entrepreneurial journey New director wants business center to offer help along the way
J
eff Engell has been on an entrepreneurial journey. He launched a consulting firm serving businesses and governments around the world. Now he works to help other entrepreneurs along their journeys. While Engell hopes their first stop will be the Small Business Development Center in Grand Junction, he says the programs and services offered there also can help established and even mature enterprises. The availability of additional resources from the Business Incubator Center located on the same campus helps, he says. “Being here is fantastic. We kind of have everything in one place.” Engell says he’s equally excited about being at the Small Business Development Center at its new director. He started his latest position at the beginning of May, succeeding Julie Morey, who served as director nearly 30 years. Engell previously worked as a small business coach at the East Colorado SBDC in Greeley. He says he was looking for an opportunity to move to Western Colorado while also leveraging his education and experience to continue helping businesses. “It seemed like a natural fit.” In Colorado, a network of 14 full-time SBDCs and more than 50 part-time satellite offices are located across the state. The centers offer a range of services, including free and low-cost counseling and instruction on all aspects of starting and growing businesses. “We are truly dedicated to supporting the mission of small businesses,” Engell says. It’s especially important, he says, because small businesses in rural areas of Colorado play a collectively big role in supporting the economy. The SBDC in Grand Junction primarily serves the Grand Valley and Mesa County. But its geographical service area
FOR YOUR INFORMATION The Grand Junction Small Business Development Center is located at the Business Incubator Center, 2591 Legacy Way. For more information about programs and services offered there, call 243-5242 or log on to https://grandjunctionsbdc.org. extends to Rio Blanco County as well as the western half of Garfield County, Engell says. In addition to its main location at the Business Incubator Center, the Grand Junction SBDC operates a satellite office at the FWorks coworking space in Fruita. Engell says he hopes to open another satellite operation in Palisade. It’s part of what he plans as a more pronounced effort to engage area communities, businesses and businesses sectors. The includes minority owned businesses and agricultural industry. While Engell says it’s his responsibility to oversee the programs and services offered at the center to create and retain jobs, he considers it his role to serve as a face of the center and look for ways to promote the operation. “I keep attuned to those opportunities.” Prior to his work at the East Colorado SBDC, where he managed an average of 60 clients, Engell worked for more than 10 years as owner and operator of Blue Oceans Group, a global consulting firm. He says he worked with businesses and governments around the world on various economic development initiatives. He’s also worked in real estate and investment banking. See JOURNEY page 18
STORY AND PHOTO BY PHIL CASTLE
May 12-25, 2022
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Applications sought well-rounded perspective for latest pitch series to new Mesa County role Finals slated for West Slope Startup Week
PhilinCastle as well as midnight New England andtoCanada. Businesses rural areas of Colorado have until June 10 apply for Business saidColorado people Pitch who Series. work in investmentThe funding thatTimes will be awarded through theWhidden latest Greater information technology aren’t just “geeks,” The third installment of the series will be conducted in Frank Whidden what he offer anJunction. important perspective because conjunction with Westbrings Slope Startup Weekbut in Grand considers a well-rounded perspective to hisan in-person they’re familiar with nearly every aspect of The winners will be announced during and virtual newfinals job as Mesa operations and how work gets done. They event setCounty for Julyadministrator. 12. Whidden workedColorado Pitch Series isalso to think new and potentially “The Greater the tend perfect way about to in kick offinformation better ways of doing West Slope Startup Week because it highlights the things in asking and technology andentrepreneurial holds “whatthat if ” questions. “They know spirit of the ecosystem in answering rural Colorado a master’s in howfounder to effectofchange our eventdegree is nurturing,” said Kayleen Cohen, Mtn. in an organization.” computer information Whidden expects to bring that same Dog Media and lead organizer of West Slope Startup Week. systems.“The Butmission he alsoof West Slope Startup approach to provide his dutiesKayleen as administrator. Week is to Cohen holds a doctoral Whiddenstartup said it’s his role to help educational and advancement opportunities for regional degree in and applied county Pitch commissioners make and then founders entrepreneurs. Greater Colorado Series management and the opportunity to share implement decisions. The commissioners gives these founders their business decision making and Frank in turn represent ideas for constructive feedback and game-changing capital the residents of the Whidden worked for moreIt’s than county andideas express investments. thrilling every year to hear what aretheir will, he said. “We 20 brewing years as a minister. Whidden has work for the people.” on Colorado’s Western Slope,” Cohen said. worked The for Colorado large and Pitch smallSeries organizations Whidden said he also considers himself will involve providers offering in both theforprivate and public sectors. a liaison between the commissioners and capital companies in various stages of startup and development: Whidden expects to of draw on alltoof$50,000. his county staff, and one of the priorities is to n Pre-seed track $10,000 experiences in Southwest helping Mesa County sure employees n First Community Fundmake pre-seed track of feel valued. Whidden commissioners make and carry out decisions. said he hopes not onlyCat to Coughran improve morale, $50,000 in low-interest debt. Valuing staff Colorado and making the Fund countyseedbut take stepsto that will make Mesa n Greater Venture trackalso of $250,000 $500,000. an employer of choice among thedebtCounty an organization for which people n Greenline Venturesisgrowth-stage of $250,000 up to $1 million. priorities, Whiddena Female said. SoFounder is planning wantsupport to work. In addition, Award will two female entrepreneurs — thata $1,000 results cash in sustainable and Meanwhile, award from funding First Southwest Community FundWhidden as well as expects $1,250 inthe balanced budgets on a long-term basis. county to continue policies and initiatives cash and $1,250 in in-kind legal support from Venture Best. Meanwhile, that support local business and economic The event isMesa open toCounty Colorado will companies located outside of the Front Range continue to from pursue efforts thattopromote a Colorado development. There are no additional steps corridor Fort Collins Denver to Springs. There’s charge for friendly business environment and that can be taken to make it easier for local applications. economic to asell products Thedevelopment, 2022 GreaterWhidden Coloradosaid. Pitch Seriesbusinesses will include platform thatand willservices enable to Whidden officially working as inthe county, he added. those attending live atbegan the Avalon Theater Grand Junction and virtually to engage county at the beginning of an appMesa County will keep workingand with in theadministrator event. Audience members can use to provide feedback on pitches theconnect year. Hewith succeeds Tomand Fisher, was other government entities, organizations founders eachwho other. hired as county manager based in Summit and institutions on fostering environment SkyPeak Technologies in Fruita was among the winners in thean2021 pitch County, Utah. that supports existing businesses series. Cat Coughran, chief executive officer, said seed funding enabled the firm toand Whidden Mesa ofCounty in attracts businesses, he“Participating said. move into thejoined final phases its on-device contentnew delivery service. August 2011 as information technology Whidden there couldusbe not only enabled us to take our business to the next level, butsaid it also introduced to a director. In Aprilof2014, became deputy opportunities to encourage an ecosystem otherhe co-founders, which has helped us continue to learnthe and additional grow.” county Jamie administrator for at the resource development of Fund, businesses thatexcited provide Finney, a partner Greater Colorado Venture said he’s management in a staffing reorganization services to the agricultural industry well to continue working on the Greater Colorado Pitch Series. “The more inclusive as this thatevent eliminated promote MesainCounty as a distribution is, the four moredirector likely itpositions. is to surface theasbest companies rural Colorado. It is joining Mesa County, center when for theany region. a Before win for GVCF and our capital track partners founder anywhere can Whidden for a company providing The important thing is to consider access worked our capital.” information technology services from well-rounded perspective, West Slope Startup Week is set fortoJulyissues 11 to 15 withavirtual events throughout colleges and universities. In that role, he Whidden said. “We won’t be myopic as we rural Colorado as well as in-person events in Grand Junction. managed systems services for look at things.” TheITfree regionaland business conference follows the TechStars Startup Week institutions in Alabama, Arizona, Illinois around the world. Startup ✦ format used in hundreds of communities weeks offer participants professional business development and continued education as well as networking and opportunities to pitch for funding. The events offer information to everyone from serial entrepreneurs looking to launch their next projects to those considering starting businesses. Business owners and managers — including those in retailing and restaurants — learn about finance, human resources, marketing and other topics. West Slope Startup Week will feature lectures and workshops related to seven tracks: capital, communications, makers, people and technology. What are billed as toolbox sessions will address fundamental topics and skills building. A fun track will offer social events and outdoor activities. F
FOR YOUR INFORMATION For applications or more information about the Greater Colorado Pitch Series, visit www.greatercoloradopitchseries.com. For more information about West Slope Startup Week, visit https://westslopestartupweek.com.
The Business Times
May 12-25, 2022
CMU gets $39 million to fund theater project Renovated facility envisioned as regional gem Colorado Mesa University will receive $39 million in state funding to rebuild the Robinson Theater on the Grand Junction campus. The funding — the single largest amount CMU has ever received from the state — will enable the university to not only better serve performing arts students, but also continue to grow as a cultural destination. “We appreciate the Legislature, the Joint Budget Committee and Gov. (Jared) Polis for seeing the value in what we’re trying to do and for the work our community and supporters did to help us get across the finish line,” said CMU President John Marshall. “This new theater will become a critical economic and cultural engine for decades to come in Western Colorado.” “Building a campus theatre is one thing,” Marshall said. “What we’re doing is building a regional gem that we hope will bridge some of the cultural divides we see in our region and across the country.” The Robinson Theater was originally constructed in 1968 as a 600-seat theatre. Plans for the new theater are still in progress, but the venue likely will be designed as a lyric theater with full theatrical lighting, technical support and the flexibility to accommodate a range of performances. Capacity will also increase to around 800 to 900 seats that will allow for better visibility and acoustics. The new theater will be the only one of its kind between the Front Range of Colorado and Salt Lake City in Utah, enabling CMU to bring in touring companies and expand offerings for the region. “CMU students will soon be given the opportunity to work with state-of-the-art technology in a state-of-the-art building preparing them for professional advancement in a highly competitive and ever-innovative field,” said Mo LaMée, head of the theater arts department at CMU. Darin Kamstra, head of the music department at CMU, agreed. “The new theater will provide an elevated performing arts experience for CMU student performers in the departments of music and theater arts and for our patrons. This space will be acoustically designed to accommodate a wide range of performances from theater to guest speakers and classical music to popular music.” Robin Brown, chief executive officer of the CMU Foundation, said $39 million in state funding and another $5 million from CMU will pay for a nice university theater. “However, we’re asking the community to help us take this project to the next level. By raising an additional $8 million in private funding, we can build a truly transformative performing arts center on par with Front Range facilities that will establish CMU as a regional cultural destination.” F
John Marshall
Mo LaMée
Darin Kamstra
Robin Brown
Summer construction planned for I-70 Information is available online to help motorists navigate construction projects planned for Interstate Highway 70 between Grand Junction and Denver. “CDOT is going to be making a lot of much-needed safety and mobility improvements along the I-70 mountain corridor this summer, but drivers can be assured our teams have carefully coordinated across the state to minimize traffic impacts,” said Shoshana Lew, executive director of the Colorado Department of Transportation. “Still, summer travel through the high county on I-70 is always busy, so it is always best to plan ahead and be prepared for changing conditions.” Information about the projects is available at https://www.codot.gov/projects/ i70mountaincorridor. Information also is available at https://www.codot.gov/travel/ cotrip. Most of the lane closures on I-70 from C-470 to the Eisenhower Johnson
Memorial Tunnel will occur overnight, with daytime work restricted to emergencies and shoulder closures. No lane closures are planned on weekends or holidays. Motorists heading into the high country should plan for additional travel time on I-70 in Summit County due to a series of roadway projects between Frisco and the EisenhowerJohnson Memorial Tunnels. Traffic impacts before early July will be the greatest at the exit 205 interchange at Silverthorne. The Vail Pass rest area has temporarily closed for reconstruction of the building and improved access roads and parking facilities. Safety closures of I-70 in Glenwood Canyon will be necessary if there is a flash flood warning for the area. If there is a safety closure on I-70 in Glenwood Canyon and the closure is anticipated to last longer than two hours, motorists should use alternate routes. F
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May 12-25, 2022
Construction proceeds on cancer center Construction continues on a regional cancer center and medical office building at Community Hospital in Grand Junction. More than 1,250 cubic yards of concrete were poured to accommodate two linear accelerators that will provide radiation oncology treatments at the center. “All of the people working on this impressive structure of concrete and rebar are building a place where cancer patients can safely receive life-saving radiation treatments,” said Dr. Ryan Bagley, a radiation oncologist with Grand Valley Oncology. Ryan Bagley “The structure itself is an amazing feat of design, engineering and construction,” Bagley said. “The thick concrete floor will be a firm foundation for the linear accelerators, while the concrete walls and ceiling will protect the staff and the public from radiation exposure. The many tons of concrete and rebar will bring us that much closer to our new cancer center.”
The work included 87 helical piers and 75 tons of rebar. About 35 tradesmen worked on the concrete foundations. Linear accelerators deliver high-energy radiation to the exact sites of patients’ tumors. Using image-guided radiation therapy, radiation oncologists track cancer and monitor treatment, adapting treatments to changes in tumor volume. The 130,000-square-foot James Pulsipher Regional Cancer Center and medical office building is scheduled for completion in 2023 and expected to cost about $53 million. Operated by Community Hospital, Grand Valley Oncology offers a range of cancer treatment options including medical and radiation oncology, gynecological oncology, genetic counseling, social services, clinical trials and a survivorship program. Grand Valley Oncology received the highest level of accreditation through a national quality assurance program. The National Committee for Quality Assurance awarded the Patient-Centered Specialty Practice accreditation. F
Intermountain announces efforts to speed shift to value-based care Intermountain Healthcare has entered into a strategic collaboration with a venture capital firm and its companies to improve care and reduce costs across its health system. Through the collaboration, Intermountain Healthcare and General Catalyst will leverage the Health Assurance Network, a group of companies within the General Catalyst investment portfolio. Intermounain and General Catalyst will explore opportunities within the Intermountain system and health care in general to accelerate the shift to value-based care through digital and other solutions offered by companies in the network. Intermountain Healthcare recently merged with SCL Health, which operated St. Mary’s Medical Center in Grand Junction. “This collaboration between Intermountain and General Catalyst can help turbocharge the movement towards population health and value-based care by connecting us with a network of
innovators outside the traditional health care space,” said Dr. Marc Harrison, chief executive officer and president of Intermountain Healthcare. At Intermountain Healthcare, providers participating in value-based care arrangements had more than 10 percent savings in 2021 compared to providers not in those arrangements. Prior to the merger with SCL Health, more patient-derived revenue at Intermountain came from value-based care than patient revenue from fee-for-service care. “Marc and the Intermountain team are on the forefront of making value-based care a reality,” said Hemant Taneja, managing partner at General Catalyst. “They are long-term thinkers with a shared belief in our health assurance thesis and a commitment to building a modern health care system that has true interoperability.” F
May 12-25, 2022
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Business encourages action to address hearing issues A Grand Junction business hopes an observance of Better Hearing and Speech Month in May encourages people to have their hearing tested and take action if they suffer hearing loss. “Many people wait years or even decades to take any action on their hearing loss — if they ever do. Our goal is to inform the public about all of the preventative, diagnostic and Jennifer Bebee treatment options available,” said Jennifer Bebee, owner of Western Colorado Hearing and Balance. While people can be born deaf or hard of hearing — and hearing loss is relatively common in older adults — hearing loss can occur at any age, Bebee said. According to
the U.S. Centers for Disease Control and Prevention, about 15 percent of children ages 6 to 19 suffer hearing loss. In the U.S. workplace, about 22 million workers are exposed to hazardous noises each year that could affect their hearing. Loud noise, ear infections and even some medications and medical treatments can result in hearing loss. Yet, many people ignore their hearing health, Bebee said. According to a 2021 national poll conducted by the American Speech-Language-Hearing Association and YouGov, only 20 percent of adults had a hearing test in the past five years compared to the 61 percent who had vision tests. “Most people underestimate their degree of hearing loss — as well as the impact it’s having on their lives,” Bebee said. “Even a so-called mild hearing loss that goes undetected can put a child one or more grade levels behind
in school. For adults, untreated hearing loss is increasingly connected to cognitive decline and earlier onset of dementia. So, the benefits of treatment are clear and convincing.” Bebee said it’s critical for people of all ages to protect their hearing. That includes limiting time in noisy spaces, wearing hearing protection at loud events and remaining vigilant for signs of hearing loss. Those signs could include difficulty following conversations, hearing on telephones, or understanding what children say as well as perceiving that people sound as though they’re mumbling. “We only get one pair of ears. It’s imperative that we do all we can to prevent hearing loss and treat the hearing loss that we do have to prevent further damage,” she said. For additional information about Western Colorado Hearing and Balance, visit www.wchearingclinic.com. F
National association picks Mesa County for justice initiative
Mesa County joins nine other counties in an effort to support county, court and criminal justice leaders. The National Association of Counties selected Mesa County for its county courts and justice leaders initiative. “We are excited to be selected from applicants across the nation,” said Mesa County Sheriff Todd Rowell. “This is perfect timing as several community partners have recently come together to improve our mental health, substance use and criminal justice systems. We are thankful to have experts to advise us through the process of improving these systems.” Participants in the initiative will receive technical assistance and have access to a peer network as well as the opportunity to showcase their results on a national level. “Mesa County has been at the forefront of bond reform and effective pre-trial supervision, preventing individuals from lingering in jail when they can be safely supervised in the community,” said Lance Phillip Timbreza, a 21st Judicial District judge. “This is a unique opportunity to work collaboratively with law enforcement, the court system, our commissioners, local agencies and local providers to continue to expand services in Mesa County to address underlying mental health and substance abuse problems,” Timbreza said. “This will reduce unnecessary incarceration for individuals in need of treatment that will, ultimately, deter recidivism and, in the long run, decrease the number of people in the criminal justice system.” A Mesa County team will assess gaps and identify priorities for collaboration and improvement within the county’s criminal justice and behavioral health systems. The team also will work to reduce the number of individuals with mental health and substance use disorders in the county jail, reduce reliance on incarceration and enhance community trust. The team plans to engage community stakeholders and build upon its peer network to gather information. F
May 12-25, 2022
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May 12-25, 2022
Week of service and understanding scheduled A series of community service events and conversations are scheduled for the Grand Valley as part of an effort to promote connections and understanding. The Mesa County Week of Service & Understanding is set for May 31 to June 3. Activities will include food preparation and distribution with Mutual Aid Partners, gardening in the Discovery Garden at the Mesa County Libraries Central Library, a Colorado River cleanup, a Grand Junction City Council meeting, shooting at the Cameo Shooting and Education Complex, a pub crawl and Junior College Baseball World Series game. With the exception of the baseball game, most of the events will be free and open to the public. Space is limited for many of the events, however, and participants will be admitted on a first-come, first-served
basis. Registration and more information for all the events — including dates, times and locations — is available at bit.ly/serviceandunderstanding. The project is a continuation of work involving local nonprofit and community leaders and Ben Caron, executive director of the The Caravan of Compassion. The Caravan is a national initiative to cultivate community, coalitions and compassion. The project began as The Re:United States Project in 2020 and a series of facilitated Zoom events that brought people together across ideological, cultural and geographical differences during the 2020 election. The same organizing team is now traveling across the U.S. over the next five summers to weave together the social fabric of the nation one conversation, one event and one community at a time.
“It’s amazing what is possible through the simple act of having a respectful conversation,” Caron said. “These types of experiences — being of service alongside our neighbors, talking about our lives with one another, breaking bread and sharing a drink at the local pub — this is what communities used to do naturally before we became polarized into warring factions.” “We believe that we all benefit from getting outside our bubbles. It takes courage to push past our discomfort or fear to get to know people who are different than we are. If we can learn to see each other as human beings again, worthy of dignity and respect regardless of our differences, there’s no limit to the problems we can solve or the innovations we can create together,” Caron added. F
SBA recognizes Colorado efforts to help businesses during pandemic
Colorado has earned recognition for its efforts to help businesses and employees during the COVID-19 pandemic. The U.S. Small BusinessAdministration presented the district director’s Diamond Award to the Business Support Division of the Colorado Office of Economic Development and International Trade. The division established an emergency business support hotline at the onset of the pandemic in Colorado to provide information and connect businesses with resources. “Our administration continues to focus on providing effective and responsive support to Coloradans and our small businesses,” said Colorado Gov. Jared Polis. “The small business navigator hotline helped small businesses weather the pandemic, which led to Colorado having the fifth fastest recovery rate in the nation. I am proud that the state rose to the occasion to provide these critical resources to Colorado businesses during an uncertain time.” Frances Padilla, director of the Colorado District Office of the SBA, said recognizing the effort was long overdue. “For more than two years, OEDIT’s business support team was on the front lines of helping Colorado small businesses through COVID-related challenges.” Between March 19, 2020 and Sept. 17, 2021, the hotline received 4,500 calls from small businesses and their employees. The emergency hotline served as a resource for business owners to ask about relief funds, application processes, eligibility, updates on changes to programs and advice to keep their businesses in operation. The effort began with a group of 10 OEDIT employees answering calls. The team grew to a network of more than 70 volunteers from government, non-profit and private sector organizations, including business librarians and Small Business Development Center consultants from across Colorado to provide followup resources in more complicated cases. The team shifted to a cloud-based call center system to manage the increase in calls and number of operators. F
May 12-25, 2022
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Foster care rally slated for May 13 at Grand Junction Sherwood Park The Mesa County Department of Human Services will join with several community organizations to present a foster care rally, celebrating the roles of foster families in the lives of local youth. The department will join with Ariel, Kin Connect, Project 1.27 and WhimSpire in hosting a drive-through style rally with entertainment, food, games and prizes. This is the first time the organizations have partnered to host an appreciation event for foster homes in Mesa County. The rally is set for 4 to 6 p.m. May 13 at Sherwood Park, 1301 E Sherwood Drive in Grand Junction. More than 150 foster and kinship families open their homes to youth in need in Mesa County. These families provide homes free of abuse and neglect until the children can return home, be adopted or live independently.
“Every child and youth deserves to have a place to call home and people who love and support them,” said Sarah St. Martin, foster care supervisor at the Mesa County Department of Human Services. “Our foster and kinship parents provide children and youth with love, stability and support at a time when they need it the most,” St. Martin said. “Each day, I am inspired by these amazing people who step in the gap for our children and youth in Mesa County. As the late Mr. Rogers stated, ‘Anyone who does anything to help a child is a hero to me.’ ” More foster and kinship families are needed to provide stability and love to children of all ages in Mesa County. For more information about becoming a foster parent, contact Foster Care of Mesa County at 248-2794. F
Kiwanis Club plans Pancake Day for June 11 The Kiwanis Club of Grand Junction has scheduled its annual Pancake Day benefit event for June 11. The 54th annual Pancake Day event is set for 8 a.m. to noon at the Mesa County Fairgrounds, 2785 U.S. Highway 50. The event will include not only allyou-can-eat pancakes, but also a pancake decorating station, activity booth, games,
live music and silent auction. Tickets sell for $6 and can be purchased at the event or online at the website at https://kiwanis-gj.org. Sponsorships also are available. Proceeds from Pancake Day will be donated to local nonprofit organizations that help children. F
May 12-25, 2022
West Slope state troopers among the latest winners of enforcement awards
Officers with the Colorado State Patrol in Western Colorado were recognized for their efforts to reduce impaired driving and speeding while increasing the use of seat belts. The Colorado Department of Transportation and Mothers Against Drug Driving presented the 2022 Law Enforcement Champion awards for the Western Slope and Mountain regions at a May 4 event at the Redlands Mesa Golf Course in Grand Junction. The Law Enforcement Champion award winners were: n Rural Drug Recognition Expert Instructor of the Year — Dave Copeland. n Outstanding Dedication to Investigating Impaired Driving Crashes — Jeremy Tice. n Outstanding Individual Dedication to Impaired Driving Enforcement for the Western Slope Colorado State Patrol -- Ben Carnes. n Outstanding Individual Dedication to Occupant Protection for the Mountain Colorado State Patrol — Nathan Turner. n Outstanding Individual Dedication to Occupant Protection for the Western Slope Colorado State Patrol — Gordon McCaslin. n Outstanding Team Dedication to Impaired Driving Enforcement for the Mountain Colorado State Patrol — Colorado State Patrol Troop 4C. n Outstanding Team Dedication to Occupant Protection for the Western Slope Colorado State Patrol — Colorado State Patrol Troop 4A. The Durango Police Department received the award for Outstanding Team Dedication to Impaired Driving Enforcement for local law enforcement on the Western Slope. Colin Harvey, a officer with the Durango Police Department, received the award for Outstanding Individual Dedication to Impaired Driving Enforcement for local law enforcement on the Western Slope. The Law Enforcement Champion awards recognize efforts to reduce impaired driving as well as improve traffic safety and occupant protection. This can be demonstrated by the number of citations written or arrests made during enforcement periods throughout the year. It can also be demonstrated by drug recognition expert activity, high visibility enforcement tactics and other related activities. “We are ever grateful to the brave men and women in law enforcement who keep our roads and communities safe,” said Darrell Lingk, director of the highway safety office at the Colorado Department of Transportation. “At CDOT, we take a holistic approach to safety on our transportation system, which includes recognizing the role of public safety officials in keeping impaired drivers off our road, promoting seat belt use and enforcing speed limits.” Fran Lanzer, Colorado state executive director of Mothers Against Drunk Driving, also praised the efforts of law enforcement. “So many people will never know the debt that they owe to our law enforcement heroes. Every time they stop a drunk or drugged driver, they potentially save a life. We’re fortunate to have so many dedicated men and women protecting our communities.” About a third of traffic fatalities in Colorado involve an impaired driver. In addition, most traffic fatalities involve an unbuckled driver or passenger. Seat belts save an estimated 225 lives in Colorado each year. An additional 70 lives could have been saved if everyone in Colorado buckled up. CDOT provides funding to Colorado law enforcement for impaired driving and seat belt enforcement campaigns. The Heat Is On campaign runs throughout the year with 15 specific high visibility impaired driving enforcement periods centered on national holidays and large public events. Enforcement periods can include sobriety checkpoints, saturation patrols and additional law enforcement on duty dedicated to impaired driving enforcement. F
Historic airplanes coming to Grand Junction An upcoming event in Grand Junction will include tours and rides in three historic aircraft. The Rocky Mountain Wing of the Commemorative Air Force will join with West Star Aviation and the Commemorative Air Force Airbase Arizona in hosting the event, set for May 23 through 31. The living history tour at West Star Aviation at the Grand Junction Regional Airport will include tours and rides of the Boeing B-17 bomber Sentimental Journey
and North American Aviation B-25 bomber Made in the Shade as well as a Piper NE-1 primary trainer. On May 26, the Rocky Mountain Wing of the Commemorative Air Force will host the Western Colorado Falcon Aerolab student group. The Grand Valley students will receiving a briefing on the bombers and their role in World War II as well as tours conducted by the flight crews. F
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Going with the dogs: Wüffstock returns
An upcoming festival will offer participants an opportunity to enjoy music, food and activities — and bring along their dogs. The Roice-Hurst Humane Society has scheduled the sixth annual Wüffstock Music Festival for May 14 at the amphitheater at Los Colonias Park in Grand Junction. Gates will open at 2 p.m. Bands will play from 3:15 to 9 p.m. with an intermission from 6:15 to 7 p.m. Well-behaved dogs on leashes will be welcome. Popular 90s rock band eve 6 will take the stage at 7 p.m. In addition, the festival will feature performances by Denverbased Leon and the Revival and The Static Channel. The event also will include local vendor booths, beer, food trucks and adoptable dogs. Concert-goers should bring lawn chairs or blankets. “We’re excited to welcome eve 6 to our Grand Valley for an incredible evening in the most beautiful music venue in Western Colorado. It’s a great excuse to spend time with your Anna Stout dog and your loved ones, grab a beer and a bite to eat and enjoy great music for a great cause,” said Anna Stout, chief executive officer of Roice-Hurst Humane Society. Tickets to Wüffstock sell for $35 in advance and $45 at the gate for adults ages 18 and over and $15 in advance and $20 at the gate for teens ages 13 to 18 years old. Children 12 and under will be admitted at no charge. VIP tickets are available for $75 and include reserve seating, a limited-edition T-shirt and goodie bag. For tickets or more information about Wüffstock, visit the website at https://RHhumanesociety.org/wuffstock2022 or www.theampgj.com. The rain-or-shine concert will be sponsored by 84 Lumber, B.L. Realty, Chamberlin Architects, Chow Down Pet Supplies, Colorado Coach, Colorado Legacy Coffee, Comet Cleaners, Enstrom Candies, Hills Pet Nutrition, Home Loan Insurance, Humphrey RV, KREX, Shelter Insurance, Townsquare Media and Wag Resort. The Roice-Hurst Humane Society operates a nonprofit shelter and adoption center that provides housing, medical treatment and care for dogs and cats. The organization also provides such resources for pet owners as animal behavior counseling, free and low-cost pet food and supplies and low-cost pet vaccinations. F
May 12-25, 2022
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Real estate
Continued from page 2 296 transactions worth a total of nearly $126 million were reported in April. Compared to the same month last year, transactions dropped 15.4 percent and dollar volume edged up eight-tenths of a percent. Through the first four months of 2022, 1,076 sales worth a total of nearly $445.5 million were reported. Compared to the same span in 2021, transactions fell 13.6 percent and dollar volume climbed 3.5 percent. Bray said higher interest rates have exerted a growing influence on the market. Rates have climbed about 2 percent over the past year to 4.75 percent on 15-year mortgages and 5.25 percent on 30-year mortgages. Rates still remain low on an historical basis, however, he said. Home prices continue to rise. The medium price of homes sold through the first four months of 2022 rose 20.2 percent to $375,000 compared to the same span in 2021. As sales have slowed, inventories have increased, Bray said. At the end of April, there were 266 active residential listings. That’s up 100 and 60.2 percent from the same time last year. More homes typically come on the market in the spring and summer. Additional selection should spur sales, he said. With persistent demand, Bray said the market remains healthy. “I don’t see anything that’s necessarily alarming.” Meanwhile, property foreclosure activity continues to increase. Young said 104 foreclosure filings and seven sales were reported in Mesa County during the first four months of 2022. For the same span in 2021, there were six filings and 11 sales. Young said she expects filings to increase following the end of a moratorium imposed during the COVID-19 pandemic. But a lot of those foreclosures will be withdrawn because many property owners have equity and will sell beforehand. The four resales of foreclosed properties during the first four months of 2022 constituted less than 1 percent of all transactions, below the 10 percent threshold Young considers indicative of a healthy market. F
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Journey
Continued from page 2 Engell grew up in Timnath southeast of Fort Collins and attended Colorado State University, where he received a bachelor’s of business administration degree. He later earned a master’s of science degree in economics with a concentration in entrepreneurship and innovation from Lund University in Sweden. Engell says he’s enjoyed helping entrepreneurs for most of his career. At the SBDC in Grand Junction, that help includes free and low-cost counseling and classes as well as other services. The center helps entrepreneurs start businesses with assistance with licensing, business planning and accessing finance. “We like to be the first stop in the journey,” he says. The center also helps established businesses, though, with everything from marketing and increasing sales to managing employees. The owners of mature businesses can find assistance in succession planning and selling their operations, he says. Coaches at the center, most of them business owners and executives, are available to provide free confidential counseling on a one-on-one basis, Engell says. Moreover, they’re eager to share their expertise, he says. “They want to give back.” The Business Incubator Center offers additional resources. The incubator program and commercial kitchen offers low-cost space and shared services for businesses. A revolving loan fund offers access to capital to small businesses. The center also oversees a program offering tax credits for capital projects. “It’s very synergistic,” he says. Entrepreneurs are usually experts in their fields and the products and services they want to sell. But they’re less familiar with the operational side of business, Engell says. That includes accounting, financing and marketing. They might not be aware of the pitfalls to avoid — or how much work starting and operating a business can be — he says. Even as the COVID-19 pandemic and related restrictions hurt businesses, the pandemic also prompted many people to reconsider their concepts of work and contemplate starting their own ventures and working for themselves, Engell says. That’s promoted entrepreneurship generally and in the Grand Valley specifically, he says. “There’s a lot of things happening in the Grand Valley.” Challenges persist, including rising interest rates and supply chain issues. But overall, Engell says he considers the state of entrepreneurship good. “I’m hopeful the trend towards entrepreneurship continues.” It’s matter, he says, of helping entrepreneurs along their journeys. As the new director of the Small Business Development Center in Grand Junction, he hopes their first stop will be the center. “We’ve got some great people here and resources to use.” F
News Trends Colorado recovery continues Contributors Opinion Business Briefs Business People Almanac
May 12-25, 2022
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INDICATORS AT A GLANCE
n Business filings
t New business filings in Colorado, 43,780 in the first quarter, down 2.1 percent from the first quarter of 2021.
n Confidence
t Consumer Confidence Index 107.3 for April, down 0.3. t Leeds Business Confidence Index for Colorado, 53.9 for the second quarter, down 4.1 n National Federation of Independent Business Small Business Optimism Index 93.2 for April, unchanged.
n Foreclosures s Foreclosure filings in Mesa County, 24 in April, up from 4 in April 2021. t Foreclosure sales in Mesa County, 0 in April, down from 4 in April 2021.
n Indexes
t Conference Board Employment Trends Index, 120.18 for April, down 0.6. s Conference Board Leading Economic Index 119.8 for March, up 0.3%. t Institute for Supply Management Purchasing Managers Index for manufacturing, 57.1% for April, down 1.2%.
n Lodging
s Lodging tax collections in Grand Junction, $226,835 for March, up 58.7% from March 2021.
n Real estate
t Real estate transactions in Mesa County, 448 in April, down 7.1% from April 2021. s Dollar volume of real estate transactions in Mesa County, $197 million in April, up 6.5% from April 2021.
n Sales
s Sales and use tax collections in Grand Junction, $5 million for March, up 13% from March 2021. s Sales and use tax collections in Mesa County, $3.7 million for March, up 18% from March 2021.
n Unemployment t Mesa County — 3.9% for March, down 0.6. t Colorado — 3.7% for March, down 0.3. n United States — 3.6% for April, unchanged.
But rising inflation presents challenges, quarterly report confirms Colorado continues to recover from the COVID-19 pandemic in terms of job growth and other economic indicators, according to the latest findings in a quarterly report. But challenges remain, among them rising inflation. “Like many Americans, Coloradans are experiencing high inflation and rising prices for goods and services. These are challenging times for working families making tough choices between filling up the tank, paying bills and putting food on the table. And Colorado business owners must contend with the rising cost of operating expenses,” said Jena Griswold, Colorado secretary of state. Rich Wobbekind, senior economist and Jena Griswold faculty director of the Leeds Business Research Division at the University of Colorado at Boulder, agreed. “Colorado business leaders cited inflation as one of their top concerns in the latest business confidence index.” The Leeds Business Research Division compiles a quarterly business and economic indicators report in conjunction with the Colorado Secretary of State’s office. According to the report for the first Rich Wobbekind quarter of 2022, Colorado added 389,400 jobs between May 2020 and March 2022, exceeding the 375,200 jobs lost between February and April 2020 because of the pandemic and related restrictions. Nonfarm payrolls increased 131,200 between March 2021 and March 2022, a gain of 4.9 percent. The labor force participation rate — the share of the population working or looking for work — stood at 68.7 percent in February, third highest nationally. The statewide seasonally adjusted unemployment rate slipped three-tenths of a point in March, but at 3.7 percent remained above the national jobless rate of 3.6 percent for April. Gross domestic product, the broad measure of goods and
services produced in the state, increased 6.3 percent between the fourth quarters of 2020 and 2021. A total of 43,780 new business filings were recorded during the first quarter of 2022. That’s up 22.9 percent from the fourth quarter, but down 2.1 percent from the first quarter of 2021. For the 12-month period ending in March 2022, 156,865 new filings were recorded. That’s up 5.1 percent over the same span a year ago. New filings constitute a leading indicator of subsequent business and job growth. A total of 191,846 renewals for existing entities were recorded in the first quarter of 2022. That’s an increase of 15.3 percent over the fourth quarter 2021 and 10.3 percent over the first quarter of 2021. A total of 675,536 renewals were recorded in the 12-month period ending in March 2022, an 8.1 percent increase over the span last year. At the same time, the Consumer Price Index in the DenverAurora-Lakewood region increased 9.1 percent in March compared to the same month last year. That exceeds the 8.5 percent year-over-year gain nationwide. Core inflation rose 8 percent in Colorado compared to 6.5 percent nationally. Home price growth in the state increased 18.2 percent on a year-over-year basis in the fourth quarter of 2021. Monthly retail gasoline prices in Colorado increased 32.9 percent year-over-year in April, reaching $4.04 per gallon. More concerned about inflation, supply chain issues and international conflicts, Colorado business leaders were less optimistic heading into the second quarter. The Leeds Business Confidence Index dropped to 53.9. That’s 4.1 points lower than the reading for the first quarter and 10.5 points lower than the reading for the second quarter of 2021. The reading for the third quarter of 2022 slipped further to 53.3. Readings above 50 reflect more positive than negative responses, however. “The good news is that Colorado’s economy is in recovery mode,” Griswold said. “The state’s job recovery is above pre-recession levels, and our labor force participation rate ranked third-highest in the nation in February. We must continue to do all we can to support Colorado’s small businesses and the working families that are the backbone of our economy and communities.” F
Small business index reflects inflation concerns A measure of optimism among small business owners remains unchanged as concerns persist over inflation and labor shortages. The National Federation of Independent Business reported its Small Business Optimism Index held steady at 93.2 in April. The index has remained below its 48-year average reading of 98 for four straight months. “Small business owners are struggling to deal with inflation pressures,” said Bill Dunkelberg, chief economist of the NFIB. “The labor supply is not responding strongly to small businesses’ high wage offers, and the Bill Dunkelberg impact of inflation has significantly disrupted business operations.” The small business advocacy group bases the index on the results of monthly surveys of members, most of them small business owners. Five of 10 components of the index retreated between March and April while two advanced and three remained unchanged. The proportion of NFIB members who responded to the survey upon which the April index was based who expect the economy to improve over the next six months fell a point. At a net negative 50 percent, the lowest level ever for the index, more respondents anticipated worsening conditions. A net 27 percent of respondents reported plans for capital outlays in coming months, up a point. Only a net 4 percent said
they consider now a good time to expand, down two points. A net 20 percent of respondents reported plans to increase staffing, unchanged from March. Meanwhile, 47 percent reported unfilled job openings, also unchanged. Asked to identify their most important business problem, 32 percent cited inflation. That’s up 26 points from a year ago to the highest level since 1980. Another 23 percent cited the quality of labor as their most pressing problem. A net 70 percent reported raising average sales prices, two points below a record level in March. A net 46 percent reported raising compensation, down three points. A net 27 percent plan to raise compensation in the next three months. The proportion of survey respondents who said they expect higher sales volume rose six points. But at a net negative 12 percent, more anticipated lower volume. The share of those reporting higher earnings remained unchanged. But at a net negative 17 percent, more respondents reported lower earnings. Among those who did, 34 percent blamed rising materials costs and 22 percent cited weaker sales. A net 1 percent of respondent reported plans to increase inventories, down a point. A net 6 percent said existing inventories were too low, down three points. Meanwhile, 36 percent of those who responded to the survey said supply chain disruptions have had significant effects on their businesses and 34 percent reported moderate effects. F
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As U.S. payrolls increase, Index: Consumers less upbeat jobless rate holds steady Job growth continues to accelerate in the United States as the unemployment rate holds steady. Nonfarm payrolls increased 428,000 in April and the jobless rate remained unchanged at 3.6 percent, according to the latest U.S. Bureau of Labor Statistics estimates. Labor participation remains below the February 2020 level, however, and the onset of the COVID-19 pandemic in the U.S. Estimated payroll gains for March and February were revised downward a total of 39,000 to 428,000 and 714,000, respectively. For April, 5.9 million people were counted among those unsuccessfully looking for work. Of those, 1.5 million have been out of work 27 weeks or longer. Another 4 million people were counted among those working part-time because their hours were cut or they were unable to find full-time positions. The labor force participation rate — the share of the population working or looking for work — fell to 62.2 percent, the lowest level in three months. Payroll gains in April were spread out among a number of industry sectors. Employment increased 78,000 in leisure and hospitality, 55,000 in manufacturing, 52,000 in transportation and warehousing, 41,000 in professional and business
Labor index slips
An index tracking labor trends in the United States has slipped, but continues to signal job growth in the months ahead. The Conference Board reported its Employment Trends Index fell six-tenths of a point to 120.18 in April. Agron Nicaj, an associate economist at the Conference Board, said the index indicates the labor market is still expanding, but the pace of growth could slow. The U.S. unemployment rate could retreat to 3 percent by the end of the year, Nicaj said. F services, 35,000 in financial activities, 34,000 in health care, 29,000 in retail trades and 22,000 in wholesale trades. The average workweek for employees on private, nonfarm payrolls remained unchanged at 34.6 hours. The average manufacturing work week shortened two-tenths of an hour to 40.5 hours. Average hourly earnings for employees on nonfarm payrolls rose 10 cents to $31.85. Over the past year, average hourly earnings have increased 5.5 percent. F
A measure of consumer confidence has slipped on less optimistic assessments of business and labor conditions. The Conference Board reported its Consumer Confidence Index edged down three-tenths of a point to 107.3 in April. A component of the index tracking current conditions retreated even as a component tracking short-term expectations advanced. Lynn Franco, senior director of economic indicators at the Conference Board, said the latest results suggest the United States economy continued to expand early in the second quarter. “Expectations, while still weak, didn’t deteriorate further amid high prices, especially at the gas pump, and the war Lynn Franco in Ukraine,” Franco said. “Vacation intentions cooled, but intentions to buy big ticket items like automobiles and many appliances rose somewhat.” The New York-based think tank bases the index on the results of monthly household surveys. Economists monitor the index because consumer spending accounts for more than two-thirds of economic activity Less upbeat assessments pulled down the present situation component of the index 1.2 points to 152.6. The proportion of consumers responding to the survey upon which the April index was based who described business conditions as “good” climbed 1.2 points to 20.8 percent. The share of those who said conditions were “bad” rose a half point to 21.9 percent. The proportion of consumers who said jobs were “plentiful” declined 1.5 points to 55.2 percent. The share of those who said jobs were “hard to get” rose a point to 10.6 percent. More upbeat outlooks pushed up the expectations component of the index a half point to 77.2. The share of consumers who said they expected business conditions to improve over the next six months fell nine-tenths of a point to 18.1 percent. But the proportion of those anticipating worsening conditions fell more — 2.3 points to 21.8 percent. The share of those who said they expected more jobs to become available in coming months edged down two-tenths of a point to 17.4 percent. The proportion of those who anticipate fewer jobs rose nine-tenths of a point to 18.9 percent. F
Leading Economic Index signals growth despite challenges An index forecasting economic conditions in the United States continues to increase, signaling growth in the months ahead despite the war in Ukraine and other challenges. The Conference Board reported its Leading Economic Index rose three-tenths of a percent to 119.8 in March. The index rose 1.9 percent over the past six months. Ataman Ozyildirim Separate measures of current and past performance also increased in March. “This broad-based improvement signals economic growth is likely to continue through 2022 despite volatile stock prices and weakening business and consumer
expectations,” said Ataman Ozyildirim, senior director of economic research at the Conference Board. Gross domestic product, the broad measure of goods and services produced in the country, is expected to grow 3 percent on a year-over-year basis in 2022, the New York-based think tank projected. That’s slower than the 5.6 percent gain in 2021, but still above the trend before the COVID-19 pandemic. “Downside risks to the growth outlook remain, associated with intensification of supply chain disruptions and inflation linked to lingering pandemic shutdowns and the war, as well as with tightening monetary policy and persistent labor shortages,” Ozyildirim said. In a media briefing in April, the Conference Board detailed its expectations the war in Ukraine will exert
enduring economic effects across the world. In the United States, a year-over-year decline in GDP of three-tenths of a percent to eight-tenths of a percent is estimated. Bigger declines are forecast for France, Germany, Italy and other European countries. Inflationary pressures are expected to mount around the globe. The estimated range of year-over-year change in Consumer Price Index inflation ranges from eight-tenths of a percent to 3 percent worldwide. The Coincident Economic Index rose four-tenths of a percent to 108.7 in March. The index increased 2.2 percent over the previous six months. The Lagging Economic Index increased six-tenths of a percent to 110.9 in March. The index has increased 2 percent over the past six months. F
Trends Contributors Opinion It’s all in the FAMLI Business Briefs Business People Almanac
May 12-25, 2022
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COMING ATTRACTIONS
n The Grand Junction Area Chamber of Commerce has scheduled its legislative wrapup breakfast for May 17. The event is set for 7:30 to 9:30 a.m. at the Courtyard by Marriott, 765 Horizon Drive. Admission is $25 for chamber members and $30 for others. Area lawmakers will review what happened during the latest session of the Colorado Legislature, including wins and losses in efforts to promote a healthy business climate in Mesa County. To register for the breakfast or obtain more information about the Grand Junction Area Chamber of Commerce and upcoming events, log on to https://gjchamber.org or call 242-3214. n The Western Colorado Human Resource Association has scheduled its next monthly membership meeting for May 18. The luncheon meeting is set for 11:30 to 1 p.m. at the Mesa County Workforce Center, 512 29 1/2 Road in Ben Rizzuto Grand Junction. The event will include a presentation on federal developments and trends by Ben Rizzuto, retirement director for Janus Henderson Investors. RIzzuto works with financial advisors, platform partners, colleagues and clients to address retirement issues. WCHRA members may attend the meeting at no additional charge. To register or obtain more information about the WCHRA and upcoming events, visit www.wchra.org. n The next Open Coffee Club networking meeting is set for 9 to 10 a.m. May 20 at the FWorks coworking space at 325 E. Aspen Ave. in Fruita. Members of the Fruita Area Chamber of Commerce may attend for free. Others pay $5. For more information about the Fruita Area Chamber of Commerce and upcoming events, call 858-3894 or visit htttps://fruitachamber.org. n The Business Incubator Center in Grand Junction has scheduled presentations on starting businesses and using Excel spreadsheets. The next session of a business startup workshop is set for 9:30 to 11:30 a.m. June 2 at the center, located at 2591 Legacy Way. The workshop will cover the business planning process, including financing options, legal structures, licensing, state registration and trade name searches. Admission is $55, which also includes access to one-hour Fast Trac presentations on business basics. A class on the basics of Excel spreadsheets is set for 1:30 to 3:30 p.m. June 6. Admission is $35. Participants must bring their own laptop computers. For more information about upcoming events, programs and services at the Business Incubator Center, call 243-5242 or log on to http://gjincubator.org.
Employers must prepare for family and medical leave program Colorado voters approved Proposition 118 in 2020, authorizing a state-run paid family and medical leave insurance (FAMLI) program. The FAMLI program will provide paid leave for employees to take care of themselves and their families during circumstances that pull them away from their jobs — growing their families or taking care of loved ones with serious health conditions. FAMLI will start providing benefits Jan. 1, 2024. Premium contributions begin in January 2023, however, so time for employers to prepare. Dean it’s Here are some questions and answers Harris to consider: n How does FAMLI interact with the Colorado Healthy Families and Workplaces Act or federal Family Medical Leave Act? FAMLI does not replace HFWA or FMLA leave. FAMLI focuses on providing paid leave for serious health conditions. HFWA’s focus is broader. It includes paid sick leave for preventative care and pandemic-related school closures. FMLA only requires unpaid leave. FAMLI leave will run concurrently with FMLA leave and provide partial wage replacement for serious health conditions. n Which employers must participate in FAMLI? FAMLI applies to employers who employ two or more employees in Colorado. Employers who employ fewer than 10 employees must remit 50 percent of the full premium contribution and may deduct that portion from employee wages. Employers with 10 or more employees will make the full contribution, half of which may come from employee wages. Employers required to make the full contribution may choose to contribute the full premium on behalf of the employee and not take wage deductions. As a general rule, employee wages are subject to premiums for all services performed within Colorado whether or not the employer is located in Colorado. But there are a couple of exceptions to participating in FAMLI. n Which employers may opt out of FAMLI? First, local governments may opt out of FAMLI. A local government is a county, city and county, city or town whether home rule or statutory; a school district; a special district; or other political subdivision of the state. But opting out requires a vote of the local government’s governing body before Jan. 1. If the local government doesn’t communicate in writing with the FAMLI division, it must remit contributions until it takes action to opt out. But if the local government doesn’t opt out before premium contributions start in 2023, it can’t withdraw later without giving employees a 180-day notice. It’s important for local governments to take action now if they don’t wish to participate in FAMLI.Second, employers who offer qualifying short-term disability plans or other market plans may opt out. The state is still developing regulations on qualifying private plans. The regulations could be issued at any time. But the division expects to see private market plans that will offer similar benefits to employees for employers to purchase in place of the FAMLI program, much as is the case with ACA-compliant health plans. Employers exploring private options to satisfy FAMLI should consult their insurance professionals now. n How much is the contribution? The contribution is 0.9 percent of wages, shared equally by the employer and employees if the employer has 10 or more employees.
The FAMLI program will provide paid leave for employees to take care of themselves and their families during circumstances that pull them away from their jobs. FAMLI will start providing benefits Jan. 1, 2024. Premium contributions begin January 2023, however.
Smaller employers will collect only the employee’s share of the contribution. The state FAMLI website includes a calculator to help determine premiums. n I’m a self-employed independent contractor. Can I participate in FAMLI? Yes, self-employed persons may opt in to FAMLI and pay 50 percent of the premium required for an employee on that individual’s income from self-employment. n When do employers pay premiums? Starting on Jan. 1, employers must make premium payments four times a year no later than the last day of the month immediately following the end of the calendar quarter for which the premiums have accrued. Each payment must include all premiums for wages paid in all payroll periods that end within the calendar quarter. n Should we change our employee handbook? Before the end of the year, employers subject to FAMLI should amend their employee handbooks to provide information on the FAMLI program — or private shortterm disability plans if that’s how they’ll offer benefits. Clear language detailing what employees should expect will avoid miscommunication. The state has promised to publish later this year suggested language to explain payroll deductions and incorporate into handbooks. The Employers Council also will publish sample handbook language. Consulting or enterprise memberships include a handbook review. Handbook reviews should be sent by email to handbookreview@employerscouncil.org. n Do employers need to register for FAMLI? Yes. The Colorado Department of Labor and Employment will begin accepting registrations from employers this fall. Any employer taking deductions and making premium payments is required to register. Likewise, any employer opting to provide benefits through short-term disability plans must apply for that exception with the FAMLI division and provide required documentation. For those not using short-term disability plans, employers should be ready to make wage deductions beginning Jan. 1. It’s time to make and act upon important decisions. For more information on FAMLI, visit the state website at https://famli.colorado.gov. Consulting and enterprise members of the Employers Council may call to discuss the program with a human resources professional or lawyer. Dean Harris is the Western Slope Area managing attorney for the Employers Council. The Employers Council counsels, represents and trains member employers in all phases of employment relationships. Contact Harris at dharris@employerscouncil.org or (970) 852-0190. F
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The Business Times
May 12-25, 2022
Does resistance to change limit your success? If your business has stalled or is failing, your health is declining or your relationships are unfulfilling, you can use your awareness of these situations to face the reality your resistance to change diminishes your happiness and success more and more each day. A primary reason many people resist change is because they must change themselves. Others resist change because they focus on how hard they believe the change will be, the possible negative outcomes and fear of the unknown. Moreover, we can become comfortable with the status quo, even if it doesn’t produce happiness and success. In focusing on the difficulties Marcus of change rather than the benefits, Straub we prevent ourselves from exploring opportunities and taking action. Basically, we avoid change because we only focus on what we perceive as the downside. We must embrace a more balanced perspective of change to experience increased happiness and success both personally and professionally. Change is a reality in business, whether we want it or not. Business environments change. Economies change. Team dymanics change. Technolgy changes rapidly. Life in general is about change. If we habitually resist change, we limit the potential of all that’s available to us personally and professionally. Honest self-appraisal is essential in making a change. As you become conscious of the negative feelings and undesirable results of your choice to resist change, you can use that discomfort to propel yourself forward. Most of us reach a point where we “can’t take it anymore.”
As you turn your attention from what at first appears to be the overwhelming effort involved in making changes and focus instead on the benefits, you’ll take on change with an energy that makes the process seem a lot less daunting.
Getting really honest with yourself will help you reach this threshold sooner, saving precious time and resources in creating a reality you do find pleasing and rewarding. If, during your honest self-appraisal, you find you’re not pleased with the way things are going in your business or life, change how you perceive change. You’ll better position yourself to take actions to improve your situation and enhance your feelings of happiness and success. In my coaching and consulting work, I show people how their thought and behavior patterns work against what they want — how they’re actually working against themselves and the happiness and success they desire. We then develop new thoughts and behaviors that allow them to change their realities in positive ways. We focus on the reasons for making changes, the process of change and the benefits for doing so. One example of this would be to let go a team member who possesses the skills to do the job, but whose attitude and behavior damages corporate culture, customer relations and the bottom line. If you walk into your business and feel an aversion to certain team members because of their negativity, then a change of some sort is
in order. This situation is common in the business world, and it becomes more damaging the longer it’s allowed to continue. Business owners and managers typically avoid personnel changes because of the time, effort and money involved in hiring and training a new person. There’re reluctant to face the tough talk or confrontation that can accompany letting someone go. They fear retribution, unemployment claims and being bad mouthed. As you turn your attention from what at first appears to be the overwhelming effort involved in making changes and focus instead on the benefits, you’ll take on change with an energy that makes the process seem a lot less daunting. In other words, a major barrier to change is eliminated when you focus on how it will improve you and the situation. Change is much easier when we choose to see it in a positive light. As we embrace change, we alter our perception of it from a bad thing to a positive thing filled with potentiality and opportunity. Human beings are amazing, and they can accomplish great feats once they open their minds to possibility and then take action. 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@ligcoaching.com or through the website located at www.ligcoaching.com. F
May 12-25, 2022
The Business Times
Page 23
Learn lessons from experiences bad and good “Good decisions come from experience, and experience comes from bad decisions.” — Unknown When you’ve finished writing a proposal, delivering a service or product or interacting with clients or customers, do you take time to consider the lessons you learned from those experiences? Lessons learned (LL) offers an invaluable way to capture the essential details about an experience that went wrong, didn’t go as expected or went well. LLs, or debriefs, constitute an Janet essential tool to grow your business Arrowood as well provide valuable feedback to you, your staff and your customers. You learn from what went well and what didn’t go so well. “Experience is not what happens to you. It is what you do with what happens to you. Don’t waste your pain. Use it to help others.” — Rick Warren The last time you wrote a proposal or bid, did you request a debrief from the solicitation issuer? If you request feedback, is it only when you lose? What about when you win? Solicitation debriefs are an excellent form of LLs. The simplest form of LLs is a three-question survey or request: “What did we do well? What could we have done better? How can we better position our company
to meet your future needs?” Taking the time ask — and, hopefully, get answers to — these three questions will tell you a lot about your company and business approach. The responses will tell you lots about clients and customers and can form the basis for deciding whether you should bid or propose on any of their projects going forward. Not all potential or actual clients and customers are the sort with which want to continue working or seeking business. What, exactly, are LLs? If you decide to go beyond the three-question request, the next step is a formal written document. It doesn’t have to be lengthy. To be useful to the broadest possible audience, your LLs should be concise, honest and compelling. Of those three attributes, honesty could be the most important. That doesn’t mean pointing fingers or accusing others of sabotage or causing you problems. It does mean asking for whom you’re writing, what benefits you want the audience to gain and what you did well and not so well. Interviewing participants and holding their name, position and specific comments private is essential to getting the feedback and input needed to create a true set of LLs. To be compelling, your LLs need to tell a simple, focused story. You need a summary, introduction, background and series of lessons. Each lesson should stick to a single topic and focus on the two to four subareas offering the greatest learning experience and documentation of what happened (or didn’t).
To remain concise, reduce redundancies and limit the LLs to 10 or fewer. For small projects, two or three LLs could be plenty. For larger projects, even those running into the billions of dollars, 10 or so LLs is plenty. Lessons learned are created with greater frequency as industry and government entities encounter unexpected issues and employ less traditional forms of contracting. Taking a page from the big company and government playbook could offer an excellent way to avoid reinventing the wheel or repeating mistakes. “Do you know the difference between education and experience? Education is (what you get) when you read the fine print; experience is what you get when you don’t.” — Pete Seeger Think of your LLs as Pete Seeger’s fine print. A few hours spent at the end of a project — whether a rousing success, an abysmal failure or something in between — could become one of the most valuable tools in your business toolbox.
After a challenging two years, many people still feel a little uneasy. Higher gasoline and grocery prices and mounting bills coming out of a pandemic have taken a toll. An unexpected expense or life event could make a tough situation even tougher. Many people carry these burdens silently, afraid to ask for help. The strain of making ends meet makes it difficult to focus on work and productivity decreases. Absenteeism increases as employees miss work to handle problems at home. Stress also can lead to a weakened immune system and poor health — so increased sick days are likely, too. You might see someone Amanda struggling at work, but are unsure Mayle what to do. Resources are available to help individuals and families reduce financial burdens and mental strains. The stigma associated with applying for supplemental benefits can act as a deterrent for many people, however. Awareness and encouragement by employers can reduce stigma and increase the use of needed services.
There are ways to offer information and support that protect privacy and create a culture that supports employee wellness: n Host a team building or lunch-and-learn event offering information about a variety of resources. Fostering an atmosphere of understanding and support could help your employees value your organization more and increase productivity and longevity. n Employee websites offer a great resource. Does your organization maintain an internal website for staff? If so, provide phone numbers and links for programs. n Bathroom stalls provide a private space to place posters with phone numbers for those seeking assistance. Consider placing posters or brochures in break rooms, too. Mesa County Public Health offers programs to support families and children: n Women, Infants & Children (WIC) helps with healthy foods in addition to breastfeeding and nutrition education. Recipients receive an electronic benefit transfer card at their first appointment. The card is good starting the day of the appointment at participating grocery stores. To qualify, recipients need identification and proof of their addresses and household incomes for past 30 days. Individuals who qualify for SNAP/Medicaid automatically qualify. n Parenting support: A nurse-family partnership program
offers free in-home education and support to parents with young children. Nurses and coaches offer information on breastfeeding, developmental stages, discipline, health, nutrition and safety. n Child care licensing and support: Early childhood specialists work with child care providers to ensure safe, high-quality care. This team can also help with the Child and Adult Care Food Program, a federal program providing reimbursement for nutritious meals and snacks to eligible children enrolled at participating child care centers. The department also works with the Early Childhood Council in Mesa County and Partnership for Children and Families (PCF) to make sure child care providers and families have the resources and support they need. Sharing information about available resources can help employees make the connections they need to get through difficult times while remaining productive members of the work force.
Janet Arrowood is founder and managing director of the Write Source, a Grand Junction firm offering a range of services, including grant and proposal writing, instruction and technical writing. Reach her at janet.arrowood@thewritesourceinc.com. For more information, log on to www.TheWriteSourceInc.com. F
Empower employees to seek out the resources they need
Amanda Mayle is communication and marketing manager at Mesa County Public Health. For additional information about the department and its programs and services, log on to https://health.mesacounty.us or call 248-6900. F
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The Business Times
May 12-25, 2022
Turn Great Resignation into Great Retention Although awareness of the so-called Great Resignation remains important, we need to transition to the Great Retention movement in our workplaces. If we retain our top talent, the need for recruitment isn’t nearly as daunting. Business owners often focus efforts on recruiting talent with such shiny new objects as sign-on bonuses and relocation and tuition reimbursements. But what about existing employees? When you hear about companies offering new customers $50 off monthly services, how does that make you feel as an existing customer? Thinking about how your work force feels about the enticement for new employees might be the same as Kelly your reaction: What about me? Murphy According to Indeed.com, fully 86 percent of surveyed candidates believed employers must actively entice existing employees to keep them from leaving. Such tools as stay interviews, upward appraisals and satisfaction surveys provide insights into what companies do well and what they could do to retain employees. Don’t wait until they’re already committed to leaving to have the conversation with them as many do with exit interviews. More than ever, it’s important to remain mindful of organizational culture, including unwritten rules. A recent study conducted through Indeed offers important results about what employees want: 59 percent want higher pay, 58 percent want flexibility in scheduling and 56 percent look for work-life balance. Remote work comes in close behind at 54 percent. What should employers look for to develop more desirable workplaces? Let’s explore some options: n Analyze. Review such analytics as turnover rates to understand benchmarking in your departments. If certain areas exceed industry standards, dig into the reasons. Does a manager need retraining or additional resources? Has a
competitor moved in the area? What’s causing employees to jump ship? n Anticipate. Use such tools as stay interviews to gauge how employees perceive working conditions and management support. What is the company doing well and not so well? Use this information to increase awareness of positive things and work on negative things. Remember to watch for outliers that could skew results. n Act. Following a change model method, implement changes based on the information gathered. Choose the low-hanging fruit first and demonstrate what steps you take and will take. Under promise and over deliver. But don’t expect employees to just notice changes. Educate and celebrate those changes. n Assess. Once the cycle of change is complete, assess if the desired results were achieved. If not, evaluate what didn’t work and start again. Change never stops. Find other areas to improve. Successful retention programs typically demonstrate to employees how valued they are. Some programs offer personal and professional development. These programs don’t always require large budgets. Given rising inflation, financial classes offer help in budgeting, stretching income and planning for retirement. When employees feel less stressed about personal finances, they tend to exhibit higher productivity in the workplace. Here are some other areas to consider: n Identify skills gaps for succession planning and opportunities for growth. This could include asking seasoned employees to develop training programs, team up with new employees or write standard operating procedures. This enforces the value these employees feel while showing new employees they’re worth the investment. n Learn what benefits are meaningful to your work force. Have you had requests for pet insurance? Flex time scheduling? Additional vacation days instead of raises? These are areas you might discover in conducting employee surveys.
n Create or enhance an employee recognition program. These plans offer many benefits, including aligning employee values to organizational goals, building a positive employee culture and improving customer service. All this ultimately affects the bottom line. n Focus on employee engagement activities, and make them fun. According to a Gallup poll, 70 percent of employees aren’t engaged at work. Engaged employees succeed when they feel psychologically safe, depend on their managers to support them, receive clear expectations and accountability and understand the why of their work and how their efforts affect others and the business. A Harvard Business Review study identifed six factors. The top three motivators are play, purpose and potential. Those that hinder productivity include emotional pressure, economic pressure and inertia. How are you combating negative factors and promoting positive ones? Finally, let’s review some ways to retain top talent already on the payroll. They don’t know what they don’t know. It’s essential to explain the why in a way to create the how understanding. Listening with the intent to hear and not just respond is crucial. If you aren’t going to act on the results, avoid asking for feedback. Reward achievements privately and publicly. Build relationships with employees to ascertain what matters to them. Bring the fun into the workplace and provide opportunities to celebrate. Demonstrate how valuable your employees are by investing in their growth. Consider what Henry Ford, the founder of the Ford Motor Company, said: “The only thing worse than training your employees and having them leave is not training them and having them stay.” Kelly Murphy is a human resource business partner at Lighthouse HR Support in Grand Junction. Reach her at Kelly@lhrs.net. For more information about Lighthouse HR Support, call 243-7789 or visit www.lighthousehrs.net. F
Hospital merger expected to accelerate reform efforts Intermountain Healthcare and SCL Health finalized a merger of the two hospital systems. SCL Health, a system that includes St. Mary’s Medical Center in Grand Junction, will take on the Intermountain name and branding. We’re excited at Monument Health to partner with Intermountain. Our organizations share similar goals of expanding the adoption of value-based care and payment reform. Intermountain Healthcare is known nationwide as a leader in value-based care with about half of its revenues derived from full-risk, value-based arrangements. Compared with a nationwide average of about 10 Ashley percent, Intermountain is well ahead Thurow of the curve in embracing alternative payment models. The presence of Intermountain in the Grand Valley will reinforce the work we’re doing at Monument Health and accelerate our efforts to expand health care reform. How will payment reform and the presence of the Intermountain system change patient experiences in our market? Change won’t occur overnight, but patients can expect to see more integrated care as time goes on. One of the more noticeable ways this can happen is by expanding telehealth services. Marc Harrison, chief executive officer of Intermountain Healthcare, often touts a clicks and mortar approach to delivering care through digital innovation. Telehealth is important to improving health care access, particularly in rural communities like those in Western Colorado. Enhanced telehealth services
mean patients won’t have to leave the Grand Valley to access specialty care because experts can be brought here via telehealth to partner with local physicians. Driving four hours to Denver or Salt Lake is not only an inconvenience, but can disrupt the coordination of patient care during those handoffs. Telehealth solves for many of those tough situations to keep care closer to home. Another change patients are likely to see is more emphasis on primary care services. Value-based care and payment reform seek to move care back into such lowercost settings such as doctors’ offices. At Monument Health, we believe close relationships with primary care providers offer the most powerful way to address the ballooning costs and disjointed patient experience within the health care system. Here in the Grand Valley, we’re fortunate to have high-performing, patient-centered primary care practices. But we still face a shortage of primary care doctors. The shortage becomes even more pronounced outside Mesa County. Bryan Johnson, president of St. Mary’s Medical Center, asserts access to primary care constitutes a key tenet of value-based care. Patients must be connected to convenient and accessible primary care for the model to work. Intermountain recognizes this and often co-locates such services as behavioral health counselors and physical therapists with primary care doctors’ offices so patients can get all the care they need in one place. Reducing costs goes hand in hand with a higher emphasis on primary care. Alternative payment models boost reimbursement for primary care physicians while simultaneously reducing payment to hospitals. The theory is patients should use lower-cost services more often to
make expensive hospital visits less often. Monument Health has proven this concept for local employer groups as well as the Medicare and Medicaid populations we support. Reducing hospital use affects the price of health insurance. As insurance premiums are held in check, patients and employers across the Grand Valley gain more predictability in their health care expenses. Monument Health and Rocky Mountain Health Plans recently reported monthly premiums for our products sold on the Connect for Health Colorado insurance exchange are now cheaper than similar products in Denver. This progress was achieved by our value-based care approach and focus on driving patients to primary care settings. We anticipate this momentum will continue with Intermountain Healthcare as a willing participant in our primary care-first approach. Kim Bimestefer, executive director of the Colorado Department of Health Care Policy and Financing, alluded to Intermountain’s aggressive approach to value-based care in a newspaper interview: “If they bring that skill set to the Western Slope … it might actually bring overall health care costs down.” At Monument Health, we look forward to deepening our relationship with Intermountain Healthcare. Our network has never been more important, and we’re excited to see health care providers embrace value-based care. Ashley Thurow is executive director of Monument Health, a clinically integrated network based in Grand Junction. Reach her at Ashley.Thurow@monumenthealth.net. For more information about Monument Health, visit https://monumenthealth.net. F
May 12-25, 2022
The Business Times
Affordable housing vs. housing affordability In a world that’s changed since the industrial revolution, housing remains a constant. Shelter remains a basic human need, even before psychologist Abraham Maslow included it in his hierarchy of needs. The American Public Health Association considers housing a determinant of health, linking safe housing to healthier and longer lives. Now that we’ve recovered, both locally and nationally, from the Great Recession and experienced the pandemic-fueled acceleration of demand for housing, our challenges also have evolved. Previously trending phrases Kevin Bray like economic development and job creation are replaced with affordable housing, labor shortages and supply chain issues. On the housing front, we’ll see tax dollars originally collected for infrastructure and emergency services shift to address housing needs. Municipalities have begun commissioning consultants to conduct housing studies and will start to look at code and policy changes to address affordable housing issues. Although the most expensive housing we can build is new housing, that’s often the solution. Federal government agencies will send tax dollars back to communities in the form of grants, relief funds or tax-credit financing. Local governments will in turn “gift” tax dollars as fee waivers. Other solutions, such as inclusionary zoning, will increase the cost of new construction as a way to offset the cost of affordable housing. The housing industry is a cornerstone of the economy and is measured and monitored by economists because of both the associated jobs and materials consumed in the process. It’s estimated an average home carries with it the labor equivalent of three full-time jobs, and 50 percent of the cost of a home is in materials. If we estimate just a $250,000 average cost per home in
Mesa County, the total materials for 2021 exceeded $200 million with sales taxes on those materials going to local, state and federal coffers. In addition to sales tax, builders pay a myriad of fees. For example, an average single-family home in the city of Grand Junction will require about $4,000 in impact fees; $2,000 in police, fire and parks fees; a building permit fee of around $1,500; a $500 stormwater permit fee, another $10,000 in water and sewer tap fees; and a $500 school land dedication fee. A newly created building lot comes with its own set of fees, including open space and park land dedication fees. Gaining approvals for a new subdivision often involves a years-long process that includes public hearings and many rounds of review, increasing both the time and cost of creating new lot inventory. Ultimately, homebuyers pay for it all. The new construction market represented about 10 percent of sales in the local multiple listing service last year. Resales follow replacement costs — and in an environment of low inventories, they tend to follow more closely. Rental rates similarly adjust to accommodate the increased cost of housing. But existing homeowners remain unaffected by rising housing costs, right? Not exactly. As property values increase, tax assessments increase as well. All residents, not just homebuyers, are affected by the cost of new housing. If we’re going to tackle the issue of affordable housing, we need to also look at the affordability of new housing and ensure we have an efficient and fair delivery system. Kevin Bray is research and development director of the development division of Bray & Co. Real Estate based in Grand Junction. He’s also worked in commercial construction in Alaska and California. For additional information about Bray & Co., call 242-3647 or visit www.brayandco.com. F
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Contributors Opinion Boldme predictions Put squarelyfor in 2015 the A new year Business affords don’t Briefs Entrepreneurship carenot-so-bold column forrepeats today more like a new opportunity also a team sport Business People Almanac to meet local needs THE he B BUSINESS usiness T T Times IMES
PPAGE age 26 22
There’s a conception of entrepreneurs as rugged individuals who pull themselves and their ventures up by their bootstraps. They work for themselves, call their own shots and assume the risks of their pursuits. I’m notbrings an entrepreneur myself, I’ve start reported A new year almost always an opportunity for but a fresh and on their enough to know there’s a lot of truth to that renewed ambition toactivities do thingslong better. I’mdown still to amazed, in fact, by the efforts of those In business, thatdescription. usually boils providing customers better products who believe they’ve got better products and services bring and services faster and at lower cost than competitors. Part of the processtomust to market and are willingwhat to work hardneed to realize their include listening to customers to determine they that actually and then aspirations. Don’t forget, a lot the big meeting that need. After all, it does little goodeither, to offer theoflatest andcorporations greatest if thatwhat haveyou’re grownselling. into recognizable brands started out as small nobody actually wants businesses individuals. Just like the businesses thatbirthed belongby to determined the group, the Grand Junction Area I’ve also learned over the years entrepreneurs Chamber of Commerce invariably starts out the new yearsuccessful with a reassessment of are invariably a savvy bunch who takematch advantage of every the services and resources it provides and how well they with members and findofways to operateboard moreofefficiently. needs. Franklin,opportunity the new chairman the chamber directors,If there’s PhilJeff Castle help toinbe had, theywhat seek he it out. That includes they personifies this approach describing considers his rolethe forpeople the coming hire to help their ventures grow, counselors who offer them year: listen to members, determine their needs and then meet those needs. It’s a guidance mentors whoisshare theirasexperience and wisdom. In that respect, role with and which Franklin familiar market president of Bank of Colorado. entrepreneurship sport. The process becomes will take aonteam a more structured approach in what the chamber comes to mind interviewing JeffListening Engell, the director of the plansAll as this the resumption of aafter program aptly called to new Business. Under the Small business Businessowners Development Center in Grandinterviews Junction. to Engell offered an to program, participate in in-depth identify barriers important of all the resources available in the Grand Valley to help growth andreminder other problems they encounter. entrepreneurs succeed — whether they’re starting businesses, growing existing The new year offers a good time to join the proverbial club. operations or planningorhow to sell or do pass along enterprises. As an advertiser reader, what you needmature from the Business Times? Engell has beenjournals on an entrepreneurial journey founder a consulting firm While business traditionally gather andasreport theofrelevant news to that assisted businesses and thestreet. world.That’s Nowespecially he’s eagertrue to as readers, communication isn’tgovernments necessarily aaround one-way help entrpreneurs along journeys. oversees than programs Web other sites and e-mail make thetheir dialogue moreHe convenient ever. and services at theGood center that includedon’t freeexist and low-cost counseling and instruction. publications in a vacuum. They respond to the needs of That’s not mention all provide the additional advertisers and to readers. They what’sresources needed. available at the Business Incubator Center, which houses the Small Business Development Center. Those So what do you need? resources include low-cost and shared services wellyou as ainformed revolving loan Is there additional newsspace coverage that would helpas keep about fund that provides access to financing to small businesses. local business developments? Are there features that would be interesting or That’s also advice not to mention themake other your organizations and agencies in the Grand useful? Is there that would jobs a little easier? Valley support businesses in what so many the With Fruita, Grandtime Junction It’sthat equally important to ask you ways don’t — need. limited to and Palisade chambers of commerce as it, does the Grand Junction produce content and limited space in come whichtotomind, publish would time and space be Economic Partnership and Mesa better devoted to something else?County Workforce Center. So, for that matter, do banks, andisn’t? legalWhat’s firms and staffing andisn’t? HR companies. What’saccounting good? What needed? What Engell raised Send an excellent point in our interview. areTimes oftenWeb Let us know. us an e-mail. Comment online Entrepreneurs on the Business experts in the products and servicesYou they’ve they could need some site at www.thebusinesstimes.com. coulddeveloped. even writeBut an old-fashioned letter to help in theifoperational businessboth — accounting, marketing. the editor you’d like. side Yourof feedback, positive andfinancing negative,and is valued and remain rugged individuals. Their individualism motivates them will Entrepreneurs be carefully considered. to work for themselves andthe determine destinies. But savvy entrepreneurs Good publications are result oftheir not only the efforts of their staffs, but also also know better thaninvolving to reinvent wheels. They seek out the people and resources collaborative efforts advertisers and readers. who Like help any themother succeed. 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 of the Business a new year. Please help us toTimes. do so. Reach him at 424-5133 or phil@thebusinesstimes.com. ✦ 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. © 2022 — All rights reserved.
As I begin today’s column, it’s hard to believe I have I want to write It’s that time nothing of year when about. Afterand all, prognostications the world is upside down resolutions abound. with fish-in-a-barrel contenttotoNew jumpYear’s upon. My favorite saying applied Please isforgive resolutions in saying they’re basically a me if you think I to break the first week bunch of promises shouldn’t of January.write Andabout while I won’t predict a fish in lot, a barrel whole I canhaving pretty much accurately anail right to life, liberty a few things that without question and pursuit of You will see these are will the make the news. happiness —predictable: whether pretty, well, it’s because the one: ■ Prediction victimized fishsome are There will be enslaved by saidevent, sort of weather barrel the victim naturalordisaster or of random violence Craig Hall heinous gun occurrence for the someone purposeswill of where some writer using metaphor. be interviewed andasay But that’s how the following: “I’veridiculous things have become in our country. People can literally never seen anything not likesay thatanything in my for fear or someone playing theIt’s victim, lifetime.” as if being this hurt by words Craig Hall or marginalized. And we can point fingers person is a required — no, notatinevery the shape attendee newsof a firearm, just areporting random, event. non-specific, way of Whileharmless I understand most pointing sure people smarter people’s I’m perspective canmuch indeed be limited than and I willwithin, come up with newpersonal by, oryou contained their own regulations and boards so to as to experiences, it governing is too much to ask not offend when identifying a mass murderer consult some historical perspective before in a courtroom to not harm his (or hers, mycan saying such a thing? Yes, this response goodness this isevents. getting But morewhen difficult, but I apply to some it comes don’t want to exclude a woman’s to be to weather and natural disasters,ability I’m pretty equal in the murdering category) itself. selfsure this is mass simply history repeating esteem trial — to themillions source. of Same asasitthey hasstand for millions and It’sMore as simple as this: As as people go years. important, thelong planet made it! to the government grievances (not redress What didn’t werewith certain species. How’s of grievances as the Constitution allows that for perspective? for) demanding politicians createit acomes specialto a ■ Prediction two: When solution right for them — andbetween only them crime orand something that occurs — this will getrequired worse. There are two big humans, theonly other attendee at all problems here: The sheerisnumber of folks news reporting events the person who demanding government actions says this: “They we’re just theagainst nicest those who think differently anddid politicians willing people, and in no way I see something to dothis anything to getExactly. votes byNo taking these like coming.” one up does causes. increasing exponentially most ofAnd the they timeare when it comes to as I type. Never fear, there will be a governing neighbors and acquaintances. People should board to enforce your way ontoto be surprised at what goesofonthinking from time others the implied barrel of atowns gun (there time inattheir neighborhoods, and I go again) soon enough. all, there’s with people they knowAfter because peoplenoare size limit government needs to they reachshouldn’t to make good. And for the times that other folks live, and do as someone else be shocked — think like with politicians, repeat demands. to do the right offenders Government’s and terrorists ability — where’s thing to getthat yoursays, vote“This knowsdoesn’t no bounds. interview surprise The only me in theproblem least.” is government rarely, if ever,■ does the right three: thing. Something good Prediction And when your specificand right to be the will happen economically, the expert way ofwill thinking on anyfor given topicmost is government take credit it. The granted via government subsidywhere or backing, recent example is gas prices, people you’ve theI jackpot. If your ask mehit why won’t credit thefavorite president for politician embraces desire and creates a low gas prices. Myyour answer is simple: new right, lawnever or select committee to address Government makes the price of your specificgoconcern or cause, notakes one else can something down and simply credit be authority even an opinion to on the forallowed good news. Gas or pricing is subject topic. applies to any topic theare government many This global factors. Now there is so eager to answers address for you. Because the of government to addressing some government broaching yourAmericans, cause to help them to keepisn’t prices stable for you, it’s government hijacking (sorry hijackers) your but our hastonone of them in grievance cause to take overinyour cause. place. Theoronly things it has place in the
May 15-28, 12-25, 2015 2022 JANUARY
And, yes, this goes for both sides of the aisle. use marijuana as an example. long Let’s run always hurt consumers. Another Some want it legalized and others will fact is folks that unemployment reaches a certain fight the death never allow all while level to based on thetoeconomy. Andit,while the most folks simply If you’re a government mightdon’t brag care. the number is low, slick politician, you embrace all threedid ways it’s more than likely the government of thinking to because that’snumber how you become something cause that being low the drugnot kingpin. For way. the anti-pot folks,when — and in a good Conversely, you assure themup, you’ll regulatethe it and only business picks it’s because people those who to arebuy government qualified who need widgets who were will not have thewidgets ability to sell it in places buying because thecertain economy was with full government oversight — all while contracting due to natural (or unnatural, collecting a tax windfall. For the folks we government caused) reasons, decided who legalized, youThe promise them betterwant buy itsome widgets. government access to it while had nothing to do“allowing” with this. it to be sold in their ■ communities whileIncalling it “legal” Prediction four: keeping with (it’s anything but) and collecting sales the tax things the government does, I predict windfalls from For the folks don’t to government willit.manipulate thewho numbers care, easythe road to beaucoup bucks makeit’s thethe claim economy is getting because you allow things like theworking rumor itto better because of how hard it is will (after all, everythingNow you helpfund all ofschools us “working Americans.” do “for the while suppressing youismight say,children”) “Craig, you always say this crime and taking flack you because about rates President Obamalittle because don’t these folksYou’re aren’t right in theinmarket —Iall while like him.” a sense. don’t enjoying taxbut windfall. know thethe man, what I know of him and Now substitute school his thinking, I don’t like it orcurriculum, him one iota. freedom of speech, voting rights, racial Before you go off, however, I didn’t like tensions, licensing, President COVID, Bush andbusiness his bailouts, stimulus interstate commerce,the war, and his abandoning freeforeign marketpolicy, to save poverty, Social Security funding, the free market. And I don’t knowMedicare him and Medicaid, inflation, either. What theinsurance, government does, and the cost living, housing, cakes, only of thing it can do, is hurt thepublic economy. transportation, roads, infrastructure, thein Unless it does nothing or put criminals Internet, airwaves, essential jail instead of partnering withbusinesses, them, nothing essential employees, taxes, the government does income will help. Always look property taxes,whatever firearmsthe …government ad infinitum.says at it this way, Everything above it is doing, whatever the(and namethousands of the law it and thousands more) has parties is passing, or whatever thethe name or goal of demanding theiritway and only to their the bureaucracy is presenting the way, willing politicians or bureaucrats people, expect the polar opposite toready occur. to collect taxes orI’m feessaying with total control I guess what is that in regulating all of (for perhaps it’s time to them get out ofthe ourfolks own demanding way) and the millions perspective.their There’s plenty of history who to be left alone out because booksjust andwant historical research there itto doesn’t them. Problem is with begin toconcern understand that all of this has government, it always concerns everyone. happened before. And it will again, The truth is, it’sisonly the or third group whether the topic people government. who The has the moral and ethical highisground. best recommendation to find Because the folks who their freedom to some books or try thatdesire whole Google live their lives asa they fit within theonlaws thing. There’s lot ofsee information the of civilDepression. society are doing the right — Great The truth is itthing wasn’t handling life on their own taxationgot even a good one until thewithout government and government interference in of their private involved. There’s also plenty research lives. don’t demand how others on theThey medieval warm period whenlive the and certainly don’t warmer use the government planet was much than today to with enforce Think it this (and way: warmer Why does a wholeit.lot less of people well the government outatunderrepresented before man wasroll here all). And yep, and marginalized almost a daily people have beenvictims killingonother surprised basis? because government peopleIt’s since history was first controls written. the marginalized business. If government’s Maybe some research will help stop involved, it’strends. for its own interestswe’ll — notbe all of these Otherwise, yours. always note, government sayingBut we’ve never seen anything works like it in best when And marginalized. our lives. not in a good way. Craig Craig Hall Hall is is owner owner and and publisher publisher of of the the Business Business Times. Times. Reach Reach him him at at 424-5133 424-5133 or or publisher@thebusinesstimes.com. publisher@thebusinesstimes.com. F ✦
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May 12-25, 2022
Danger for the dollar: Could the world change its reserve currency? Recent headlines posed the question: Is the United States dollar in danger? Corresponding newspaper and cable television reports raised concerns over the possibility the U.S. dollar could no longer serve as the world’s reserve currency. What does it mean to be the world’s reserve currency? According to “A Primer on Reserve Currencies” by Brent Radcliffe, a reserve currency is a recognized national currency held by central banks and major Phyllis financial institutions Hunsinger to use for international transactions and global finance. According to Richard Best, the U.S. dollar became the world’s reserve currency as a result of the Bretton Woods Agreement in 1944, when delegates from 44 Allied countries met in Bretton Wood, N.H., to devise a system to manage foreign exchanges that wouldn’t disadvantage any country. The delegation adopted the U.S. dollar as the world’s reserve currency backed by the world’s largest gold reserves. This resulted in countries accumulating reserves of dollars instead of gold. That led in turn to countries buying U.S. Treasury securities because they considered them a safe store of money. Demand for Treasury securities coupled with U.S. deficit spending caused the U.S. to flood the market with paper money. Countries began to worry about the stability of the dollar and converted dollar reserves into gold. This demand forced President Richard Nixon to decouple the dollar from gold, resulting in the floating exchange rates of today. Why is the U.S. dollar challenged as the default global reserve currency? Dave Manuel explained how the staggering debt of the U.S. and continued deficit spending ruins the credibility of the dollar. When the Federal Reserve continues to print dollars to purchase debt, the value of the dollar drops. Foreign investors wonder if the U.S. will collapse under mounting debt. A report by Michelle Jones explores the advantages and disadvantages of reserve currencies. As Saudi Arabia threatens to switch from the dollar to the Chinese yuan for oil sales to China,
The advantage for the U.S. to have the dollar as the global reserve currency is that transaction costs and exchange rates are reduced. The biggest disadvantage is the U.S. can borrow in its own currency without having to prop up the dollar to avoid default.
concerns about the dollar come to the forefront again. After the Russian invasion of Ukraine, the U.S. cut off Russian access to foreign currency reserves. That could lead other countries to question U.S. loyalty to them. The advantage for the U.S. to have the dollar as the global reserve currency is that transaction costs and exchange rates are reduced. Jones said the biggest disadvantage is the U.S. can borrow in its own currency without having to prop up the dollar to avoid default. Lawmakers have irresponsibly taken advantage of reduced borrowing costs, contributing to excessive U.S. debt. Interest payments alone exceed $900 million a day. Debt is ruining the lives of Americans. Admiral Michael Mullen, former chairman of the Joint Chiefs of Staff, said losing the world’s reserve currency status seems to be the least of the U.S. problems. “The most significant threat to our national security is our debt.” The proverbial elephant in the room is our staggering debt. Phyllis Hunsinger is founder of the Freedom & Responsibility Education Enterprise Foundation in Grand Junction. The FREE Foundation provides resources to students and teachers in Western Colorado to promote the understanding of economics, financial literacy and free enterprise. A former teacher, principal and superintendent, Hunsinger wrote “Down and Dirty: A ‘How To’ Math Book.” Reach Hunsinger at phyllis@free-dom.us.com. For more information about the FREE Foundation, log on to the website located at www.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.
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In celebrating small businesses, don’t forget the role of Big Tech
In celebrating the efforts of small businesses, elected officials and policymakers must also celebrate the drivers of entrepreneurship and small business growth — and that includes Big Tech. Companies usually targeted by politicians and their appointees — Amazon, Apple, Facebook and Google, among them — have taken the entrepreneurial journey from startups to wildly successful businesses. All these enterprises are headquartered in the United States and serve as examples of amazing entrepreneurial success stories. It’s appropriate to celebrate the cases in which small businesses serve consumers well and, by doing so, become global leaders. Even when hit with a barrage of political rhetoric about Big Tech and so-called monopolies or monopoly power, don’t ignore the market realities that no matter how large and Raymond successful a company becomes, it can’t afford to rest on its Keating laurels. Especially in this dynamic, 21st century economy, large firms compete against current, emerging and future ventures both domestically and internationally. To get a flavor of this reality, check out some of the U.S. Census data on employer firms (2019 latest) by size in major tech sectors. Among software publishers, 97 percent of firms have less than 500 employees and nearly 67 percent have fewer than 10 employers. Among internet publishing, broadcasting and web search portals, almost 98 percent of firms have fewer than 500 employees and more than 82 percent have less than 10. In the telecommunications sector, 98.5 percent of firms have less than 500 employees and almost 76 percent have less than 10. A survey conducted by the Small Business & Entrepreneurship Council of entrepreneurs who started businesses during the pandemic revealed how vital various technology tools and platforms were to their launches and ongoing operations. When asked what tools or sales channels they use to sell products or services, 65 percent said they used physical stores, followed by 62 percent citing Facebook, 48 percent citing Instagram and 47 percent websites. Entrepreneurs understand the importance of a combination of physical and online presences. What about technology’s role in starting up the business? Well, 89 percent of entrepreneurs agreed social media was a major factor in launching their businesses. While 87 percent said access to electronic payment options was important, 79 percent cited affordable online ads, 77 percent pointed to e-commerce sites and website builders, 73 percent noted access to back office services provided by technology platforms and 56 percent highlighted access to online marketplaces. Fully 68 percent of these pandemic entrepreneurs said they relied on established tech platforms either a great deal (38 percent) or quite a bit (30 percent), with another 22 percent saying somewhat. Finally, small business owners understand government attacks on big business usually have negative consequences for small firms. The survey of entrepreneurs who started firms up during the pandemic found that 61 percent of those who responded were worried proposed regulations on tech companies could hurt their businesses. Of those, 58 percent were worried tech regulation would make it more expensive to access and retain customers. An identical proportion were worried they’d have to pay for services provided for free, and 47 percent were worried it could be harder for customers to find their businesses. National Small Business Week brings out politicians who sing the praises of small businesses. Rightly so. President Joe Biden declared: “For generations, small businesses across America have shaped and embodied our nation’s entrepreneurial spirit and driven our economy forward. Today, more than 32 million small businesses employ almost half of America’s work force and represent the heart and soul of countless communities. During National Small Business Week, we celebrate America’s small businesses and their enormous contributions to American life and prosperity.” That’s great. But President Biden and members of Congress need to reverse course on a wide array of policy measures — including proposals and actions that vastly increase regulation on technology leaders or aim to break up these firms — which in the end would directly or indirectly inflict real harm on America’s small businesses and our vibrant startup ecosystem. Raymond Keating is chief economist for the Small Business & Entrepreneurship Council, a nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. Reach Keating through the website at www.sbecouncil.org. F
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Opinion Business Briefs Business People Almanac
n GRAND JUNCTION REAL ESTATE FIRM JOINS IN NATIONAL REBRANDING EFFORT
Coldwell Banker Commercial Prime Properties in Grand Junction has joined in a national rebranding effort. A new logo retains the Colorado Banker Commercial Prime Properties blue, but also features a different font with an updated CB initialing. “Our refreshed look is an investment for our clients. We are instilling a sense of Daniel Spiegel trust and loyalty among those we service and throughout the commercial real estate community,” said Daniel Spiegel, managing director of Coldwell Banker Commercial. “We believe that our new branding will positively impact our business and our network of more than 3,000 commercial real estate professionals across more than 5,000 markets in North America and around the globe for many decades to come.” David Marine, chief marketing officer David Marine of Coldwell Banker, said the updated logo celebrates the legacy of the company. “This launch unites the look and feel of a network, securing the Coldwell Banker Commercial brand’s iconic image with commercial real estate clients around the world.” Coldwell Banker Commercial Prime Properties serves the commercial real estate industry in Grand Junction and Western Colorado as well as markets in Idaho, Missouri and Montana. For more information, visit www.cbc-prime.com. n GRAND JUNCTION-BASED LAW FIRM ANNOUNCES PLANS FOR MONTROSE OFFICE
Dufford Waldeck Law based in Grand Junction plans to open an office in Montrose. Located at 510 S. Cascade Ave., the office is scheduled to open June 1 and offer more convenience to clients in Western Colorado. J. David Reed, of counsel, and Thomas L. Long, staff attorney, joined the firm to work at the Montrose office. They’ll join Anne Harper, a paralegal, and Pamela Belisle Johnson, a legal assistant. Reed has practiced civil law in Montrose for more than 30 years. Long will return to his hometown and brings to his new duties 12 years of litigation experience. The Montrose office will offer a broad range of civil legal services, including those associated with business transactions, estate planning, litigation, municipal law and real estate. Dufford Waldeck also operates an office at 744 Horizon Court, Suite 300, in Grand Junction. For more infomration, call 241-5000 or visit www.dwmk.com.
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Timberline Bank based in Grand Junction has once again received recognition for small business lending. The Colorado District Office of the U.S. Small Business Administration named Timberline Bank its 2022 7(a) Lender of the Year in the category for small operations. “On behalf of the SBA in Colorado, a special congratulations goes out to our entire slate of extraordinary awardees,” said Francis Padilla, Francis Padilla director of the SBA Colorado District. The Colorado District Office of the SBA presented 11 awards at a May 6 event in Denver conducted as part of a National Small Business Week. The Region 10 League for Economic Assistance and Planning in Montrose received the Jody Raskind Community Lender of the Year Award. As an SBA preferred lender, Timberline Bank offers SBA-backed loans requiring less collateral and equity than traditional business loans. The SBA doesn’t make direct loans through its 7(a) general guarantee program. By guaranteeing repayment of a portion of the loans, however, the federal agency enables lenders to extend financing to businesses that might not qualify under conventional terms. Timberline Bank also was named the SBA Colorado Rural Lender of the Year in 2019 and 2016. Timberline Bank was among 50 firms to receive 2016 awards in the Colorado Companies to Watch program. In addition to Grand Junction, Timberline Bank operates locations in Montrose and Aspen. For additional information, call 683-5560 or visit the website at www.timberlinebank.com.
n ALPINE BANKS OF COLORADO REPORTS FINANCIAL RESULTS FOR FIRST QUARTER Alpine Banks of Colorado reported a net income of $12.7 million during the first quarter. “Alpine completed a successful first quarter of 2022,” said Glen Jammaron, president and vice chairman of Alpine Banks. “Although rapidly rising interest rates negatively impacted our investment porftolio, our core banking business performed well.” Jammaron said the bank has invested Glen Jammaron excess cash balances over the past year into a core lending business and investment portfolio. He said he expects a robust year ahead that will include an expansion into Colorado Springs and Fort Collins. Net income during the first quarter for Alpine Bank equated to $123.97 per basic Class A common share and 83 cents per basic Class B common share. The book value per Class A and Class B shares increased 3.4 percent compared to the first quarter of 2021. A $6.2 billion employee-owned organization headquartered in Glenwood Springs, Alpine Bank operates locations across Colorado and serves more than 160,000 customers. For more information, visit www.alpinebank.com. n FRONTIER AIRLINES RESUMES SERVICE BETWEEN GRAND JUNCTION AND DENVER Frontier Airlines has resumed nonstop service between the Grand Junction Regional Airport and Denver International Airport. The Grand Junctional Regional Airport announced the resumption of service, which began April 21 and is scheduled to run through Dec. 29. Summer service typically will offer flights on Mondays and Friday aboard a 186-seat Airbus A320. Frontier Airlines launched the route in June 2021 as part of an expansion that also included service to Durango as well as markets in Alaska and Montana. Headquartered in Denver, Frontier Airlines operates more than 400 flights a day. For more information, visit the website at www.flyfrontier.com. F
Touch-a-truck event planned to raise awareness of roadside safety An annual touch-a-truck event will return to Grand Junction to raise awareness of safety for roadside workers and emergency responders. The event is set for 10 a.m. to 3 p.m. May 21 in the parking lot outside JC Penney at the Mesa Mall, 2424 U.S. Highway 6 & 50. The event will feature ambulances, fire trucks, police and sheriffs vehicles and tow trucks. The event also will include demonstrations, food and raffles.
May 12-25, 2022
Slow Down Move Over Colorado organizes the event to raise awareness of state laws that require motorists to slow down and move over when they flashing lights. The organization also plans to create a fund for the survivors of tow operators killed as a result of motorists who don’t comply with the law. For more information, visit www.sdmocolorado.org. F
May 12-25, 2022
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BusinessBriefs Briefs Business BusinessPeople People Almanac Business Almanac
n WEST STAR AVIATION NAMES VP OF STRATEGIC DEVELOPMENT
Chad Farischon has joined West Star Aviation as vice president of strategic development. Farischon brings to his new duties more than 30 years of experience in the aviation industry, including cofounder, president and partner of Lynx FBO Network. He previously served as regional vice president of Chad Farischon Landmark Aviation. He holds a degree in aviation management from Southern Illinois University. “I am excited to join the team at West Star and to continue to build on their service capabilities and facilities to key contracts and strategic growth initiatives,” Farischon said. “West Star is well-positioned for continued success, and I am excited to be part of this industry leading management team.” Jim Rankin, chief executive officer of West Star Aviation, praised the addition. “As West Star continues to grow, we are looking for more ways to bring greater value to our customers. Chad brings a wealth of industry knowledge, and we look forward to him leveraging our existing momentum along with his industry resources to further build the company.” West Star Aviation offers a range of services that include the maintenance and repair of airframes, engines and avionics as well as painting and interior refurbishments. In addition to its facilities at the Grand Junction Regional Airport, West Star Aviation operates facilities in Aspen and Denver as well as in Arizona, Illinois, Minneapolis, Missouri, Tennessee and Texas. For more information, visit www.weststaraviation.com. n GRAND JUNCTION REAL ESTATE FIRM HONORS BEST-SELLING AGENTS FOR APRIL Kathy Tomkins and Toni Heiden were honored as the top-performing agents for April at Heiden Homes Realty in Grand Junction. Tomkins posted the most closed transactions. Heiden had the highest dollar volume in sales for the month. In addition to her experience in real estate, Tomkins brings to her duties experience in construction, Kathy Tomkins manufacturing home sales and heavy equipment. Heiden is owner and manager of Heiden Homes Realty and brings to her duties 44 years of experience in the real estate industry in Western Colorado. Heiden Homes Realty operates offices at 735 Rood Ave. For more information, including property for sale and rent, call 245-7777 or log on Toni Heiden to www.heidenhomes.com.
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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. n PALISADE CHAMBER OF COMMERCE ANNOUNCES ASSISTANT DIRECTOR Natalie Schievelbein has joined the Palisade Chamber of Commerce as assistant director. Schievelbein brings to her new position experience in marketing, event planning and communications, most recently with Mesa Mall in Grand Junction. She planned and executed several community events, N. Schievelbein including the Great West Ice Fest, Valentine’s Day Bestie Bash and Santa’s arrival at Mesa Mall. She holds bachelor’s of business administration and bachelor’s of fine arts degrees from Colorado Mesa University in Grand Junction. “I’m really excited to be back in a role creating amazing community events,” Schievelbein said. “My hope is to put my skills to use for this team and organization by helping to promote area businesses and advocate positive collaboration through the city.” For more information about the Palisade Chamber of Commerce, call 464-7458 or visit www.palisadecoc.com. n CHAMBER EXECUTIVE AWARDED FOR ECONOMIC DEVELOPMENT EFFORTS Diane Schwenke, president and chief executive officer of the Grand Junction Area Chamber of Commerce, was honored for her efforts promoting economic development. The Grand Junction Economic Partnership presented Schwenke with the Joseph Prinster Leadership Award at its annual economic summit. The award recognizes individuals who’ve Diane Schwenke had a significant impact on economic development in Western Colorado. Schwenke has served in her position with the chamber more than 30 years. She joined the chamber in 1989. She also was a finalist for a position with what was at the time the Mesa County Economic Development Commission, which later became the Grand Junction Economic Partnership. Prior to coming to Grand Junction, she worked in positions in chamber management and economic development in Colorado and Nebraska. Schwenke recently announced her plans to retire later this year after the chamber board of directors hires a successor. F
May 12-25, 2022
May 12 n Fruita Area Chamber of Commerce business after hours, 5:30 to 7:30 p.m., Growl Agency, 750 Main St., Suite 202, Grand Junction. Admission $5 for chamber members, $10 for others. 858-3894 or https://fruitachamber.org May 17 n Grand Junction Area Chamber of Commerce legislative wrapup breakfast, 7:30 to 9:30 a.m., Courtyard by Marriott, 765 Horizon Drive. Admission $25 for chamber members, $30 for others. 242-3214 or https://gjchamber.org n Fruita Area Chamber of Commerce member appreciation picnic, 11:30 to 1 p.m., 432 E. Aspen Ave. https://fruitachamber.org or 242-3214 May 18 n Western Colorado Human Resource Association membership luncheon and program on federal developments and trends, 11:30 to 1 p.m., Mesa County Workforce Center, 512 29 1/2 Road, Grand Junction. www.wchra.org n Grand Junction Area Chamber of Commerce Networking at Noon, noon to 1 p.m, Ocotillo Restaurant and Bar, 2325 W. Ridges Blvd. Admission $20 for chamber members, $25 for others. 242-3214 or https://gjchamber.org n Palisade Chamber of Commerce business after hours, 5:30 to 7 p.m., Palisade Basecamp RV Resort, 985 N. River Road. Admission for chamber members $5 in advance and $6 at the door. Admission for others $8 in advance and $10 at the door. https://palisadecoc.com or 464-7458 May 20 n Open Coffee Club networking, 9 to 10 a.m., FWorks, 325 E. Aspen Ave, Fruita. Fruita Area Chamber of Commerce members attend free. Others pay $5. https://fruitachamber.org or 858-3894 May 24 n Grand Junction Area Chamber of Commerce business after hours, 5:30 to 7 p.m., Foam and Folly Brewing, 330 S. Second St. Admission $10 in advance, $12 at the door. https://gjchamber.org or 242-3214 Upcoming n Welcome Thursday Friends networking meeting, noon to 1:30 p.m. May 26, Ale House, 2531 N. 12th St., Grand Junction. 858-3894 or https://fruitachamber.org n Young Professionals of Mesa County business after hours, 5:30 to 7 p.m. May 26, Highlands Distillery, 782 24 Road, Grand Junction. www.ypnmc.org. n Fruita Area Chamber of Commerce Women in Business event with professional headshots and carriage rides, 5:30 to 7 p.m. May 31, Grande River Winery, 787 Grande River Drive, Palisade. Members pay $55 for headshots and $10 for the carriage ride. Others pay $5 more. 858-3894 or https://fruitachamber.org See ALMANAC page 31
May 12-25, 2022
Alamanac
Continued from page 30 Upcoming n Business startup workshop, 9:30 to 11:30 a.m. June 2, Business Incubator Center, 2591 Legacy Way, Grand Junction. Admission $55. https://gjincubator.org or 243-5242 n Fruita Area Chamber of Commerce Women in Business free networking lunch, noon to 1 p.m. June 2, KAFM Community Radio, 1310 Ute Ave. Grand Junction. Participants should bring a salad, soup or side dish to share. 858-3894 or https://fruitachamber.org n Class on the fundamentals of Excel spreadsheets, 1:30 to 3:30 p.m. June 6, Business Incubator Center. Admission $35. Participants should bring laptop computers. 243-5242 or https://gjincubator.org n Makerspace free maker meetup, 6 to 8 p.m. June 7,
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Business Incubator Center. https://gjincubator.org or 243-5242 n Fruita Area Chamber of Commerce business after hours, 5:30 to 7:30 p.m. June 9, Timberline Bank, 649 Market St., Grand Junction. Admission $5 for chamber members, $10 for others. 858-3894 or https://fruitachamber.org n Palisade Chamber of Commerce business after hours, 5:30 to 7 p.m. June 15, Jet Boat Colorado, 2237 Roan Creek Road, De Beque. Admission for chamber members $5 in advance and $6 at the door. Admission for others $8 in advance and $10 at the door. https://palisadecoc.com or 464-7458 n Grand Junction Area Chamber of Commerce quarterly membership luncheon, noon to 1:30 p.m. June 20, Colorado Mesa University. Admission $20 for chamber
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members, $25 for others. https://gjchamber.org or 242-3214 n Fruita Area Chamber of Commerce Women in Business event with stand up paddle boarding and cable wakeboarding, 5:30 to 7 p.m. June 22, Imondi Wake Zone, 1583 Cipolla Road, Fruita. 858-3894 or https://fruitachamber.org n Welcome Thursday Friends networking meeting, noon to 1:30 p.m. June 23, Mike’s Famous Chicken, 233 E. Aspen Ave., Fruita. https://fruitachamber.org or 858-3894 n Combined Grand Valley chambers of commerce business networking event, 5:30 to 7 p.m. July 25, Bank of Colorado, 2452 Patterson Road, Grand Junction. Admission $10 for chamber members. F
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May 12-25, 2022
