THE BUSINESS T IMES News DECEMBER 21, 2023-JANUARY 10, 2024
THE DEFINITIVE SOURCE FOR GRAND JUNCTION BUSINESS NEWS SINCE 1994
VOLUME 30, ISSUE 24
THEBUSINESSTIMES.COM
Trends Helping 2 Contributors business Opinion 2 Business Briefs 4 Business People Almanac
In this issue
n Summit in sight
A workforce summit is set for Jan. 25, offering a variety of information about local workforce issues and resources.
n In store for 2024
What’s described as a controlled growth trajectory is expected to continue in Mesa County in the year ahead.
n Housing rebound Homes sales are expected to rebound in 2024 even as interest rates relent, a Realtors association forecasts.
n Healthy efforts
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A couple expects to build on their healthy efforts in operating a fitness studio and health coaching business.
n Grand Junction chamber chairwoman expects the mission to continue. See page 2 Kelly Johnston, founder and president of JFS, an accounting and consulting firm, also will serve as chairwoman of the Grand Junction Area Chamber of Commerce board of directors in 2024. Johnston expects the chamber to continue its mission of providing advocacy and resources to help businesses succeed.
n Taxing matters
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Sales tax collections, a measure of retail activity, continue to trend upward, according to Mesa County reports.
n Gen Z talent
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Colorado Mesa University students offer insights into hiring and retaining employees from Generation Z.
n Departments Almanac Business Briefs Business People Contributors News Opinion Trends
30 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
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December 21, 2023-January 10, 2024
Summit set Trends to address Contributors labor issues
Opinion Business Briefs Business People Almanac
Event to offer information about workforce resources Phil Castle
The Business Times
Karen Troester knows from experience how difficult it can be for business owners and managers to find time to learn more about the resources available to them, especially when it comes to hiring and managing staff. But Troester also recognizes an important opportunity when she sees one. That includes an upcoming event that will offer in one day and one place a range of information about workforce management and the variety of resources available to help. “This is one time to stop and go and do this,” said Troester, president and chief executive officer of the Grand Junction Federal Credit Union and immediate past chairwoman of the Grand Junction Economic Partnership Board of Directors. Troester is among those involved in staging the Mesa County Workforce Summit. Grand Junction Federal Credit Union will serve as title sponsor for the event. Troester joined Curtis Englehart, executive director of GJEP; Lindsay Bullock, manager of the Mesa County Workforce Center; and Brigitte Sundermann, vice president for community college affairs at Colorado Mesa University for an interview with the Business Times to discuss the summit. The summit is set for 7 a.m. to 2 p.m. Jan. 25 at the CMU Center ballroom. CMU will serve as venue sponsor. See SUMMIT page 14
Karen Troester
Kelly Johnston, founder and president of JFS, also will serve for the next year as chairwoman of the Grand Junction Area Chamber of Commerce Board of Directors. Johnston expects the chamber to continue its mission of providing advocacy and resources to help businesses succeed.
Helping businesses New chamber chairwoman expects mission to continue
Curtis Englehart
Lindsay Bullock
K
elly Johnston makes it her business to help businesses, whether that’s mom and pop shops or the hospitals and other health care providers to which her firm provides accounting and consulting services. Johnston plans to pursue the same objective in another, new role for her as chairwoman of the Grand Junction Area Chamber of Commerce Board of Directors. She expects the chamber to continue its mission to advocate for businesses and provide them the resources they need to operate successful ventures in what can be an uncertain environment. She also expects her term as chairwoman to be a lot like what she’s already enjoyed as a member of the chamber and its board. “My experience with the chamber has been amazing.” Johnston will begin her one-year term in January. She’ll succeed Andrew Golike, plant manager at the CoorsTek manufacturing facility in Grand Junction. Johnston serves as president of JFS, an accounting and consulting firm she founded in 2016. The firm
B. Sundermann
initially provided services to small businesses, but expanded to serve hospitals and other health care providers, particularly those in rural areas. What started as a one-woman operation has grown to staff of 12 spread out over eight states. That’s not to mention one member of the staff who works from the Philippines. JFS passed an important milestone this year, Johnston says, in earning gross revenues above $1 million. JFS received additional recognition this year as a finalist in the 2023 Colorado Companies to Watch awards program honoring fast-growing, privately held companies headquartered in the state. JFS serves small businesses, construction firms and nonprofit organizations. But the firm is most heavily involved in the health care sector, Johnston says. JFS offers a range of accounting and support services to hospitals and other health care provides in addition to strategic planning and positioning. Johnston and her firm serve as chief financial officer for some hospitals. See HELPING page 16
STORY AND PHOTO BY PHIL CASTLE
Economic outlook: Mesa County on controlled growth trajectory Phil Castle
The Business Times
Rich Wobbekind
What’s described as a controlled growth trajectory is expected to continue in Mesa County in 2024, according to the latest results of an annual business and economic forecast. Job growth will persist in Colorado with projected gains in seven industry sectors more than offsetting losses in four other sectors. Nationwide, economic growth could slow, although labor demand still will outstrip supply and inflation likely will relent. Rich Wobbekind, faculty director of the
research division of the Leeds School of Business at the University of Colorado at Boulder, reviewed the local, state and national outlook for the year ahead during a presentation hosted by the Grand Junction Area Chamber of Commerce. The division compiles the Colorado Business and Economic Outlook report with sections for industry sectors and geographic regions. Business, industry and government officials contribute to the report. A section about Mesa County included contributions from Steve Jozefcyk, deputy director of the Grand Junction Economic Partnership, and Nathan Perry, an economics professor at Colorado
Mesa University. The section also included information from Bray & Co. Real Estate, the Grand Junction Regional Airport, Mesa County Workforce Center and Visit Grand Junction. “As Mesa County continues a controlled growth trajectory, the industry base continues to diversify, which is essential for ensuring economic resilience and sustainability,” the report stated. Wobbekind said a more diverse economy with wage, income and population growth bode well for Mesa County. While housing prices have escalated, they remain comparatively lower than other areas. See OUTLOOK page 12
December 21, 2023-January 10, 2024
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The Business Times 609 North Ave., Suite 5 Grand Junction, CO 81501 (970) 424-5133 www.thebusinesstimes.com The Business Times 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 don’t necessarily reflect the views of the publisher, editor or advertisers. Copyright © 2023 — All rights reserved
The Business Times
December 21, 2023-January 10, 2024
Home sales rebound forecast
National Association of Realtors expects 13.5 percent increase in 2024 Phil Castle
The Business Times
Home sales are expected to rebound in the United States in 2024 even as interest rates on mortgages relent, according to a forecast presented by the National Association of Realtors. Lawrence Yun, chief economist of the NAR, detailed his outlook during what was billed as a real estate forecast summit. Bray & Co. Real Estate in Grand Junction streamed the presentation by Zoom. Yun acknowledged 2023 was a difficult year for the real estate industry with what likely will be an 18 percent decline in existing home sales and the lowest numbers since 2008 and 1995. Lawrence Yun Still, new home sales rose 4.5 percent through October 2023 on a year-over-year basis for the third or fourth best year since 2008, he said. Single-family housing starts have returned to the long-term average after a decade of underproduction. Multi-family housing starts have reached cyclical highs for three straight years, he said. Home prices have appreciated over the past three years in all 50 states, he said. Home prices rose 41.8 percent in Colorado between the first quarter of 2020 and third quarter of 2023. Monthly job gains have slowed, Yun said. In Colorado, payroll employment increased 3.9 percent between March 2020 and October 2023. Looking ahead to 2024, Yun forecast 4.71 million existing home sales, up 13.5 percent from the 4.1 million sales anticipated for 2023. Annual median home prices are expected to remain unchanged, improving affordability given rising incomes.
After topping 8 percent in 2023, 30-year fixed mortgage rates will average 6.3 percent in 2024, he said. Yun expects the Federal Reserve Open Market Committee to cut its key short-term interest rate four times next year as inflation relents. Rising rental prices, a contributor to inflation, will calm further in 2024. The Federal Reserve also will cut the interest rate to address problems at community banks, he said. Yun forecast 1.48 million housing starts in 2024 with more than 1 million single-family homes and 440,000 multifamily units. Along with Yun, the forecast summit featured Danielle Hale, chief economist of Realtor.com; Danushka Nanayakkara, assistant vice president of forecasting and analysis with the National Association of Homebuilders; and Ken Simonson, chief economist of the Association of General Contractors of America. Hale expects homes to become more affordable in 2024 with a slower pace of appreciation and what she forecast as an average 30-year fixed mortgage interest rate of 6.8 percent in 2024. But the difference will constitute only what she described as a “baby step in the right direction.” Nanayakkara said she expects 950,000 housing units will be constructed in 2024, but that will remain below the 1.5 million units needed to keep pace with demand. Homebuilders face headwinds, she said, in labor and lot shortages and financing issues. Simonson said most sectors of the construction industry are doing well with the exception of single-family homes. Increased government spending for infrastructure has helped. Builders face challenges, though, in labor shortages, high interest rates on financing, supply chain issues and increasing property insurance rates. In terms of labor availability, he said builders would like to hire twice as many applicants as are available. F
December 21, 2023-January 10, 2024
The Business Times
Jim Ettenger and Nikki Wilke operate Grand Mesa Wellness, which includes a studio in downtown Grand Junction as well as health coaching. The couple said raising two young children in Landon, left, and Lincoln, has given them an appreciation for the challenges parents face in finding time to care for themselves given other demands for their attention. (Business Times photo by Phil Castle)
Couple expect to build on their healthy efforts Phil Castle
The Business Times
The large sign outside Grand Mesa Wellness in downtown Grand Junction serves as both a greeting and promise: “Walk in strong. Walk out stronger.” Not just physically, although the varied equipment inside the studio promotes fitness and flexibility. But also mentally and even spiritually. It’s part of a holistic approach Jim Ettenger and Nikki Wilke bring to the studio as well as their health coaching. The goal, they said, is to help clients realize their potential and become better versions of themselves. While the couple makes the most of the 700-square-foot studio inside the former R-5 High School, they plan to soon expand the operation to what they contend is the great outdoors on property they own
on the Grand Mesa east of Grand Junction. There are benefits to getting back to nature, Ettenger said. “You just have a sense of peace, of calm.” Wilke agreed. “It’s actually healing on so many levels.” While it’s always a good time to pursue healthier lifestyles, the couple welcomes clients resolved at the beginning of a year to get fit, lose weight and make other changes. Ettenger and Wilke launched Grand Mesa Wellness four years ago as a way to combine their experiences and training to promote health and wellness. Ettenger has worked nearly 30 years as a personal trainer and coach and also brings to the venture his experiences as an athlete who’s competed in world triathlon championships. In addition, he’s managed outdoor recreation programs and worked as a wilderness survival instructor. See HEALTHY page 18
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December 21, 2023-January 10, 2024
Livestock groups disappointed by wolf ruling Two livestock associations expressed disappointment over a court decision to allow efforts to proceed to reintroduce gray wolves in Colorado. Regina Rodriguez, a judge with the U.S. District Court in Colorado, declined to issue a temporary restraining order that would have prohibited the reintroduction. While declining to comment Robert Farnam on litigation, Colorado Parks and Wildlife announced it would move forward with a wolf restoration and management plan in response to a ballot measure approved by Colorado voters in 2020. CPW released five gray wolves onto public lands in
Grand County on Dec. 18, beating the Dec. 31 deadline imposed under Proposition 114. CPW plans to release 10 to 15 more wolves by mid-March and 30 to 50 wolves over the next three to five years. The Colorado Cattlemen’s Association and Gunnison County Stockgrowers filed a lawsuit alleging the U.S. Fish and Wildlife Service failed to adequately review the potential impacts of the plan. Robert Farnam, president of the Colorado Cattlemen’s Association, said the groups remain committed to ensuring the claims asserted in the case are addressed. “The will of the people must be respected. But the experiential knowledge of ranchers cannot be ignored,” Farnam said. “Wolf introduction in our state should not be moving forward without consideration of all the impacts,
especially for the livestock, wildlife and communities most affected.” The two livestock groups asserted compliance with the National Environmental Policy Act would have required an analysis of all the effects of wolf reintroduction, including the effects on the livelihoods of livestock producers. Attorneys for the federal government argued requirements for environmental reviews were met and any future harms wouldn’t be irreparable. A state compensation program will pay owners for livestock killed by wolves. The two livestock groups said they will study the court ruling, confer with their legal teams and consider the alternatives. The two groups stated in a news release: “This is a setback to our legal strategy, but not the end of our efforts.” F
$83,550 in grants to fund projects in Mesa County
Two grants worth a total of $83,550 were awarded to support restoration projects in Mesa County. The Great Outdoors Colorado (GOCO) board awarded a $22,200 grant for restoration efforts in Riverbend Park in Palisade and a $61,350 grant for restoration on Pinyon Mesa south of Grand Junction. The Town of Palisade and Desert Rivers Collective will partner with the Western Colorado Conservation Corps to remove tamarisk and Russian olive trees and in turn reduce wildfire risk in the park. Town employees and corps crews will remove invasive plants and apply herbicide. The project will build on past work at the park. Colorado West Land Trust will partner with the Western Colorado Conservation Corps on the project on Pinyon Mesa. Crews will remove invasive vegetation and install soft structures to promote water flow in meadows and stream corridors. Crews also will thin forests and remove old fencing. The project is part of a multi-year collaboration involving the Colorado West Land Trust, Colorado Parks and Wildlife, U.S. Bureau of Land Management, Mountain Island Ranch and Rivers Edge West. Great Outdoors Colorado invests a portion of Colorado Lottery proceeds to preserve and improve open spaces, parks, rivers, trails and wildlife habitat. To date, GOCO has invested more than $45.6 million in projects in Mesa County and partnered to conserve 18,284 acres of land. Funding has supported the Colorado Riverfront Trail, Highline Lake State Park and Las Colonias and Riverbend parks, among other projects. F
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December 21, 2023-January 10, 2024
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December 21, 2023-January 10, 2024
Grand Junction council adopts $322.5 million budget The City of Grand Junction City Council has approved a 2024 budget of $322.5 million that includes spending for operational costs, infrastructure and new projects. The 2024 budget includes $172.2 million in operations costs and $8.8 million in debt service. The majority of the operations costs are within the five largest departments of the city — the fire and police departments as well as general services, parks and recreation and utilities. A capital budget is $141.5 million will support several projects, including a third new fire station funded by the first responder tax, the first year of construction for a new community recreation center, a destination skate park at Emerson Park, expansion of the Persigo wastewater treatment plant and several transportation expansion projects. Another $6.5 million was budgeted for housing
FOR YOUR INFORMATION
The 2024 adopted budget and related documents are available on the City of Grand Junction website at https://GJCity.org. The public can participate in the budgeting process and decisions on other issues online through https://engagegj.org. initiatives, including the operating costs of the Homeward Bound resource center scheduled to open on Dec. 20 to offer services during the day for the unhoused and other vulnerable individuals. The council also approved $984,083 for non-profit support for 2024.
The council provided direction to city staff for the budget through the development of a strategic plan in 2023 that identified outcomes for the next two years. The strategic plan is based in turn on a 2020 comprehensive plan created with public involvement. The strategic outcomes outlined in the plan by city council included: placemaking; thriving and vibrant; welcoming, livable and engaging; safe and healthy; and resource stewardship. Adoption of the budget concludes an eight-month process that begins in May. City staff prepare the annual budget while gathering input from the community. Budget meetings are open to the public and held both virtually and in-person. F
Commissioners OK $261.1 million budget for Mesa County
Mesa County commissioners approved a $261.1 million budget for 2024 they say prioritizes financial sustainability while also investing in infrastructure and staff. “Mesa County’s 2024 budget is rooted in what we believe the taxpayers would prioritize,” said Janet Rowland, chairwoman of the board of county commissioners. “It’s a responsible approach Janet Rowland that balances investment in better infrastructure and the delivery of high-quality services to our community.” “We continue to be dedicated to fostering collaborative partnerships and focusing on projects that will make a real difference in the future of our community,” Rowland added. The 2024 budget reflects an increase of $18.5 million, or 7.6 percent, over the 2023 adopted budget. The budget includes $22.5 million in available general fund reserves at the end of the 2024 fiscal year, equivalent to more than two months of expenses. The budget also includes $4.4 million to begin renovating the Mesa County Justice Center. The county also expects to complete the Clifton Community Campus, which will include facilities for early childhood education and workforce training and a community center. The Clifton branch of the Mesa County Library already has opened on the campus. Construction also continues on a De Beque Community Hall. The 2024 county budget allocates a $3.2 million increase in total compensation to county staff to attract and retain top talent with only minimal changes in employee health insurance premiums. A total of 14 new full-time positions are planned for various departments. Another $3.6 million is earmarked in the budget for new finance software to streamline services to departments and the public. F
December 21, 2023-January 10, 2024
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Foundation awards $2 million in grants Rocky Mountain Health Foundation awarded a total of nearly $2 million worth of grants to Western Colorado organizations. The latest grants bring to almost $4 million in funding for 2023 supporting physical and behavioral health, health care work force development and efforts to meet basic needs. In the final funding cycle of the year, the Rocky Mountain Health Foundation Board approved awards to a total of 103 organization in 17 Western Slope counties. The awards ranged from $10,000 to $40,000. A total of 55 grants were awarded to support direct health care services. Nineteen grants worth a total of $403,000 were awarded to organization provided behavioral health services. Eighteen grants worth a total of $284,000 went to organization provided physical health care services. Nine grants worth a total of $153,000 supported integrated care, while another nine grants worth a total
of $95,000 went to specialized disability services. A total of 48 grants were allocated to help organizations meet basic needs. Fourteen grants worth a total of $213,000 went to organizations providing food and meal services. Thirteen grants worth a total of $244,000 went to organizations addressing needs related to child abuse, domestic violence and sexual assault. Five grants worth a total of $80,000 went to support housing needs, while two grants worth a total of $45,000 supported transportation needs. Fourteen grants worth a total of $279,000 were allocated to help meet multiple needs. Rocky Mountain Health Foundation was established in 2017 to invest in programs that improve the health of people living on the Western Slope. For more information, visit the website located at https://rmhealth.org/grant-making/grant-partners. F
December 21, 2023-January 10, 2024
Kiwanis Club donates $50,000 to organizations The Kiwanis Club of Grand Junction awarded a total of $50,000 to 18 charitable organizations that provide services to children. Proceeds for the allocation came from the annual Kiwanis Pancake Day and Fun Fest fund-raiser. The club seeks corporate sponsors for the next event in June. Sponsorships range from $250 to $1,500 and include publicity as well as tickets. For more information, contact Tim Haggerty at (610) 737-0496. The recipients were: Adventure Academy, Camp Hope, Center for Children, Center for Enriched Communication, Colorado Discover Ability, Community Food Bank, Eureka, Grand Junction Symphony, Harmony Acres, Homeward Bound, Imagination Library, Museum of Western Colorado, Partners, Rivers Edge West, Riverside Education Center, Special Olympics, St. Mary’s Helmet Project and Trial Lamp BAM. Kiwanis is a worldwide organization of volunteers dedicated to helping children. In addition to Kiwanis Clubs, the organization includes Key Clubs for high school students, Circle K Clubs for college students, Aktion Clubs for adults with disabilities and Golden K Clubs for older Kiwanians. The Kiwanis Club of Grand Junction meets at noon Thursdays at Warehouse 25/Sixty-Five. For more information, log on to the website at https://Kiwanis-gj.org. F
District 51 Foundation distributes funding
The District 51 Foundation awarded a total of more than $10,000 in grants to 11 members of the Mesa County School District 51 staff. The foundation uses proceeds from its White Iced Celebration and other fundraisers to address needs in the school district. This year, fund-raising dollars will be used to purchase technology and innovation products for students, professional learning for staff and other resources for student and staff wellness. “We want to improve our community’s technical capabilities by ensuring that current and future generations of students have access to 21st century technology,” said Angela Christensen, executive director of the District 51 Foundation. “D51 Foundation knows the key role stateof-the-art technology plays in growing our D51 student academically. It’s part of our mission. Our generous donors and supporters make this all possible.” F
December 21, 2023-January 10, 2024
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Outlook
Continued from page 2 Construction activity also increased in Mesa County in 2023, Wobbekind said, including infrastructure and multifamily housing. The outlook for a number of industry sectors in Colorado affects the outlook for the Mesa County economy, he said, including what he expects will be strong growth for the leisure and hospitality industry. Commodity prices have decreased for agricultural products, though, even as production costs have increased. Manufacturing of durable goods has declined. Statewide, employment is expected to increase 41,900 in 2024, a 1.4 percent gain over 2023. The professional and business services sector is expected to add the most jobs in 2024 at 14,500. Government payrolls, which account for nearly one in six
jobs in Colorado, are expected to increase 10,900. Employment also is forecast to increase 9,400 in education and health services, 5,000 in leisure and hospitality, 1,300 in other services and 1,200 in natural resources and mining. The trade, transportation and utilities sector — the largest employer in Colorado — is projected to add 5,300 jobs. Employment is projected to decrease in four sectors: 2,300 in construction, 1,400 in manufacturing, 1,000 in information and 800 in financial activities. Nationally, employment recovered rapidly following the COVID-19 pandemic, Wobbekind said. In fact, most industries face labor shortages. On average, there’s 1.5 job openings in the United States for every one person counted among those unsuccessfully looking for work. Wobbekind said he was surprised by the revised
December 21, 2023-January 10, 2024
estimate for growth in gross domestic product, the broad measure of goods and services produced in the country. GDP rose at an annual rate of 4.3 percent in the third quarter. Slower GDP growth is forecast for 2024, however, — perhaps 1 percent, he said. While some forecasts call for a recession, others predict slowing growth. Higher wages and government stimulus checks boosted consumer buying power. But household debt has increased as student loan payments resume. Retail sales have slowed, he said. A number of challenges are likely to arise in 2024, Wobbekind said, including those related to labor shortages, slowing consumer spending and commercial real estate activity and increasing government debt. F
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December 21, 2023-January 10, 2024
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Summit
Continued from page 2 Individual tickets sell for $55. Table sponsorships, which include eight tickets, sell for $400. Admission will include breakfast and lunch. Tickets and more information are available from the website located at https://mcwfc.us/2024-workforce-summit or by contacting Bullock at (970) 248-7562 or Lindsay.Bullock@mesacounty.us. Troester, Englehart, Bullock and Sundermann all said the workforce summit will offer information not only about various workforce topics, but also the services and support available to local businesses. CMU President John Marshall is scheduled to deliver the morning keynote address. A series of breakout sessions will follow and cover such topics as apprenticeships, business ethics, employee health care, human resources legal issues, skills-based hiring and upskilling. Another presentation will offer a information about workforce development programs and resources. A networking session will precede lunch and a second keynote speaker. Bullock said the summit is part of efforts to promote awareness of available resources, many of them free. Sundermann agreed. “To me, this is really about connecting the dots, finding out who to call to get help.” The Mesa County Workforce Center assists businesses looking for employees by posting job openings and hosting hiring events, Bullock said. The center also can help write job descriptions and screen applicants. Still more assistance is available with internships and on-the-job training. In covering wages paid to interns and those receiving on-the-job training, the programs reduce financial risk to employers trying out applicants, she said. Sundermann said CMU Tech offers 30 certificate and associate degree programs as well as variety of noncredit professional and personal development courses. CMU Tech also offers businesses customized training, Sundermann said. It’s usually a matter of a business owner or manager calling to inquire about setting up training. “I would just like to know what they need, because I think we can do it,” she said. “What do you need? I would like to be their first call.” Moreover, training and career development promotes employee retention, Sundermann said. Troester said workforce programs that help cover the cost of training offer benefits to businesses considering an applicant for a job. If it doesn’t work out, the business isn’t out the money. “If it does, it’s a big win,” she said. But business owners and managers first have to find the time to learn more about those resources and others available to them, Troester said. F
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Helping
Continued from page 2 JFS combines what’s been a lifelong interest for Johnston in health care and finances. She grew up in Loma, participating in 4-H and FFA programs and riding horses. She worked as a certified nursing assistant, but received a bachelor’s degree in finance from Colorado Mesa University in Grand Junction She subsequently received a master’s degree in accounting from Regis University. She worked for a time as a certified public accountant with a firm in Denver, but returned to the Grand Valley.“I’m not a city girl, so I moved back.” Over the course of her career, Johnston has worked in various positions with Family Health West, Mind Springs Health and Rocky Mountain Orthopedics as well as Autopaychecks. Johnston considers finance the language of business and says she enjoys translating numbers into English so clients better understand their operations. The goal, she says, is to help them make money to continue those operations. That’s especially important for hospitals that provide critical health care services, she says. She insists clients meet with her firm on a regular basis to go over financial decisions. “The clients really value it.” Johnston worked for a time as an adjunct accounting instructor at CMU. She continues to serve as a trainer with Small Business Development Centers and developed online instruction used statewide. She also serves on the board of directors of the Freedom & Responsibility Education Enterprise Foundation, a Grand Junction-based organization that provides resources to students and teachers in Western Colorado to promote financial literary and an understanding of economics and free enterprise. Johnston has served on the boards of both the Grand Junction Area Chamber of Commerce and Young Professionals Network of Mesa County and says she hopes to build on the collaboration between the two organizations. She also stresses the importance of collaborations among the chamber and other organizations, including the Grand Junction Economic Partnership, Mesa County Workforce Center and local governments. “It’s huge.” At the same time, though, she says the chamber serves yet another important role in providing needed resources to businesses as well as connecting businesses with those resources available elsewhere. Many business owners and managers have delayed important decisions because of uncertainty over the economy and regulations, Johnston says. That uncertainty has become something of a new normal. The chamber can help, she says, by keeping them informed. Johnston makes it her business to help businesses. She says her objective as chamber chairwoman and the mission of the organization is the same: to help businesses. F
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December 21, 2023-January 10, 2024
Jim Ettenger shares a laugh with his son, Lincoln, while he demonstrates equipment designed to strengthen swimmers. A triathlete who’s competed in world championships, Ettenger helps triathletes as well as other clients prepare for various competitions. (Business Times photo by Phil Castle)
Healthy
Continued from page 5 Wilke works as a registered nurse and nurse practitioner. The couple completed additional training in health coaching. They opened the studio in October 2020. The studio features equipment and machines to accommodate most workouts, Ettenger said. A NordicTrack treadmill and cycle offer a variety of workouts and come with monitors displaying videos of walks, runs and cycling routes from around the world. A versatile machine branded as a Total Gym takes the place of a dozen machines. “You can get a lot done in a small space,” he said. The studio also features a Power Plate, a platform that vibrates up to 50 times a second that’s been shown to increase strength, flexibility and bone density as well as relieve muscle pain. Ettenger holds certification as a Power Plate instructor. Ettenger said he works with a variety of clients with different goals that range from fitness and weight loss to sportspecific performance. He said he’s worked with many of those clients for years. In addition to the studio, Ettenger and Wilke also offer health coaching, most often by telephone. They said they can’t take the place of health care providers or mental health counselors, but can offer assistance on issues related to fitness, health, nutrition and general well-being. That could include everything from workouts to grocery
FOR YOUR INFORMATION For more information about Grand Mesa Wellness, visit https://grandmesawellness.com, call (970) 985-1424 or email jim@grandmesawellness.com. shopping to meditation. Health coaching sessions are tailored to clients to address their concerns, answer their questions and help them set and achieve their goals. Ettenger and Wilke said they hold clients accountable, but also remind them of the progress they’ve made and celebrate their successes. In raising two young sons, the couple said they’ve gained an appreciation for the challenges people, especially parents, face in caring for themselves given other demands for their time. Ettenger and Wilke plan to offer additional training and other activities on property they own on the Grand Mesa. They expect to eventually open a second studio on the property. But a lot of the activities will occur outdoors at 7,800 feet in elevation amidst the aspen trees, they said. That will include strength training, but also balance training with a slackline, meditation and perhaps some survival training. “There’s a lot of potential,” Ettenger said. Regardless of the setting or activity, though, the goal at Grand Mesa Wellness remains the same, Ettenger and Wilke said. And that’s to help clients who walk in strong to walk out even stronger. F
News Trends Contributors Sales tax collections up Opinion Business Briefs Business People Almanac
December 21, 2023-January 10, 2024
The Business Times
Page 19
INDICATORS AT A GLANCE
n Business filings s New business filings in Colorado, 43,902 in the third quarter, up 0.6 percent from the third quarter of 2022.
n Confidence
s Consumer Confidence Index 102 for November, up 2.9. t Leeds Business Confidence Index for Colorado, 43.6 for the fourth quarter, down 0.5. t National Federation of Independent Business Small Business Optimism Index 90.6 for November, down 0.1.
n Foreclosures
t Foreclosure filings in Mesa County, 19 in November, down from 18 in November 2022. t Foreclosure sales in Mesa County, 7 in November, down from 3 in November 2022.
n Indexes
t Conference Board Employment Trends Index, 113.05 for October, down 0.04. t Conference Board Leading Economic Index 103.9 for October, down 0.8%. n Institute for Supply Management Purchasing Managers Index for manufacturing, 46.7% for November, unchanged.
n Lodging
s Lodging tax collections in Grand Junction, $613,988 for the first quarter, up 6% from the first quarter of 2022.
n Real estate
s Real estate transactions in Mesa County, 272 in November, up 6.25% from November 2022. s Dollar volume of real estate transactions in Mesa County, $113 million in November, up 2.4% from November 2022.
n Sales
s Sales and use tax collections in Grand Junction, $43.3 million for the first half, up 2.3% from the first half of 2022. t Sales and use tax collections in Mesa County, $4.5 million for November, down 0.7% from November 2022.
n Unemployment n Mesa County — 3.2% for October, unchanged. s Colorado — 3.3% for October, up 0.1. t United States — 3.7% for November, up 0.2.
Key measure of retail activity in Mesa County still outpacing 2022 Sales tax collections, a key measure of retail activity, continue to trend up in Mesa County.. The county reported collecting more than $4.1 million in sales taxes in November, a 1.7 percent increase over the same month a year ago. November collections reflect October sales. Through 11 months of 2023, the county collected more than $45 million in sales taxes. That was up eight-tenths of a percent over the same span in 2022. Mesa County collected an additional $17.1 million in sales taxes through 11 months of 2023 it distributed to cities and towns in the county. That included nearly $10 million to Grand Junction, $3.1 million to Fruita, almost $2.2 million to Palisade and $932,866 each to Collbran and De Beque. For November 2023, the county collected more than $2.4 million in taxes on retail sales, up 2.3 percent from the same month a year ago. Collections increased nine-tenths of a percent for automobiles, 9.7 percent for food and beverages and 15.7 percent for clothing. Those gains more than offset a 1 percent decline in tax collections on home improvements and 2.6 percent decrease for general merchandise. Sales tax collections topped $1.8 million for other industries with a 7.4 percent increase in the wholesale category, 7.5 percent increase for manufacturing and 8.3 percent increase for hotels and restaurants. Collections declined 12.1 percent for construction. Through 11 months of 2023, tax collections on retail sales totaled nearly $26 million. That’s down almost $640,000 and 2.4 percent
from the same span in 2022. Year-to-date tax collections declined 5.5 percent on automobiles and 12.4 percent on home improvements, more than offsetting increases for other goods. Collections on general merchandise — the largest category at nearly $7.8 million — rose 1.6 percent. Year-to-date sales tax collections exceeded $19.1 million for other industries with a 9 percent increase in the wholesale category, 5.2 percent gain for the hotel and restaurant category and 46.7 percent surge for the oil and natural gas sector. Use tax collections — nearly all of them on the sales of automobiles purchased outside Mesa County, but used inside the county — totaled $353,669 in November. That was a 22 percent drop from the same month a year ago. Through 11 months of 2023, use tax collections exceeded $4 million, down eight-tenths of a percent from the same span in 2022. F
A monthly measure of optimism among small business owners continues to retreat even as concerns mount over labor shortages and inflation. The National Federation of Independent Businesses reported its Small Business Confidence Index edged down a tenth of a point to 90.6 in November. The index has remained below its 50-year average of 98 for 23 straight months. Bill Dunkelberg “Even with the growing economy, small business owners have not seem a strong wave of workers to fill their open positions. Inflation also continues to be an issue among small businesses,” said Bill Dunkelberg, chief economist of the NFIB. The NFIB bases the index on the results of monthly surveys of members of the small business advocacy group, most of them small business owners. For November, five of 10 components of the index advanced, four declined and one remained unchanged. The proportion of NFIB members who responded to the survey upon which the November index was based who expected the economy to improve rose a point from October. But at a net negative 42 percent, more members anticipated worsening conditions.
A net 23 percent of members planned capital outlays in the next few months, down a point. A net 8 percent said they considered now a good time to expand, up two points. The share of owners who expected increased sales rose two points. But at a net negative 8 percent, more forecast lower sales. Expectations for increased earnings remained unchanged at a negative 32 percent. Among those members reporting lower profits, 36 percent blamed weaker sales, 16 percent increased materials costs and 14 percent higher labor costs. A net 18 percent of members reported plans to increase staffing in the next three months, up a point. A net 40 percent reported hard-to-fill positions, down three points. A net 30 percent expected to increase compensation in the next three months, up six points from October to the highest level in two years. The proportion of members who said they plan to increase inventories fell three points to a net negative 3 percent. The share of those who deemed current inventories too low rose three points to a net 0 percent. Asked to identify their single most important problem, 24 percent cited quality of labor, followed closely by inflation at 22 percent. A net 25 percent of members reported raising average sales prices, down five points from October. F
MESA COUNTY TAX COLLECTIONS
Sales tax Use tax Total
Nov. 2022 $4,037,247 $453,648 $4,490,895
Nov. 2023 $4,104,358 $353,669 $4,458,028
Change 1.7 % -22% -0.7%
Small Business Optimism Index edges down
HR leaders expect increased hiring, but concerns persist While they expect hiring to increase over the next six months, human resource leaders in the United States remain worried about employee retention and engagement. The Chief Human Resources Officers Confidence Index stood at 53 for the fourth quarter. The reading still reflects more positive than negative responses to the survey upon which the index is based, but dropped two points from the third quarter. The Conference Board compiles the index. Fully 44 percent of HR leaders who responded to the survey upon which the fourth quarter index was based expect to increase
hiring over the next six months, while 19 percent anticipated decreased hiring. The share of leaders who expected employee retention to improve over the next six months fell six points from the third quarter to 28 percent. The proportion of those who anticipated declines rose four points to 22 percent. The share of leaders who forecast employee engagement levels to increase fell 11 points to 37 percent. The portion of those who predicted decreased engagement rose six points to 31 percent. F
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The Business Times
U.S. payrolls up, jobless rate down Payrolls grew and the unemployment rate edged down in the United States in November. Nonfarm payrolls increased 199,000 and the jobless rate decreased two-tenths of a point to 3.7 percent, according to the latest estimates from the U.S. Bureau of Labor Statistics. The initial estimate for job gains in September was revised downward 35,000 to 262,000. The estimate for October remained unchanged at 150,000. With the latest numbers, payrolls have increased an average of 240,000 a month over the past year. For November, 6.3 million people were counted among those unsuccessfully looking for work. Of those, 1.2 million had 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 participation rate — the proportion of the population
either working or looking for work — edged up a tenth of a point to 62.8 percent. The rate has changed little since August. Payroll gains for November were spread out among industry sectors. Employment increased 77,000 in health care and 40,000 in leisure and hospitality. Manufacturing payrolls increased 28,000, reflecting in part the return of motor vehicle and parts workers from a strike. Government payrolls increased 49,000. Employment decreased 38,000 in retail trades with losses in department stores as well as furnishing and appliance stores. The average workweek for employees on nonfarm payrolls edged up a tenth of an hour to 34.4 hours. The manufacturing work week held steady at 40 hours. Average hourly earnings for employees on nonfarm payrolls rose 12 cents to $34.10. Over the past year, average hourly earnings increased 4 percent. F
December 21, 2023-January 10, 2024
Labor index drops
A monthly index tracking labor trends continues to retreat, signaling what could be slowing job growth. The Conference Board reported its Employment Trends Index edged down four-hundredths of a point to 113.05 in November. “The labor market shows clear signs of cooling with fewer opportunities available for jobseekers,” said Selcuk Eren, a senior economist. The index aggregates eight labor indicators. For November, four indicators declined. F
Trends Contributors Opinion Tapping into Gen Z talent Business Briefs Business People Almanac
December 21, 2023-January 10, 2024
The Business Times
Page 21
COMING ATTRACTIONS
n The Fruita Area Chamber of Commerce has scheduled a presentation on member benefits, community coffee event and women’s conference. A presentation on maximizing chamber benefits is set for noon to 1 p.m. Jan. 9 in the FWorks conference room at 325 E. Aspen Ave. in Fruita. A community and coffee event is scheduled for 8:30 to 10:30 a.m. Jan. 24 at the Adobe Creek National Golf Course clubhouse located at 876 18 1/2 Road in Fruita. Chamber members may attend at no additional charge. Others will pay $10. The women’s conference is set for 9 a.m. to 3:30 p.m. March 13 at the Colorado Mesa University Center ballroom in Grand Junction. The conference will include a keynote speaker, breakout and panel presentations and a happy hour. To register for or obtain additional information about upcoming chamber events, call 858-3894 or visit https://fruitachamber.org. n The next Coffee Club networking event is set for 9 to 10 a.m. Jan. 19 in the FWorks conference room. The free event will include a presentation on the Mesa County Enterprise Fund. For more information, visit the websites located at https://gjincubator.org or https://fruitachamber.org. n The Grand Junction Area Chamber of Commerce has scheduled an energy summit as well as a legislative trip to the Colorado Capital and annual banquet The energy summit is set for 8:30 a.m. to 2 p.m. Jan. 31 at a location to be determined. Admission is $65 for chamber members, $75 for others. The legislative trip to Denver is set for Feb. 22 and 23 and will include meetings and a dinner with state legislators. The banquet is set for 5:30 to 11:30 p.m. March 1 at the Grand Junction Convention Center at 159 Main St. The banquet will include the presentation of business and citizen of the year awards. To register for or obtain additional information about upcoming chamber events, visit https://gjchamber.org or call 242-3214.
CMU students offer insights into hiring and retaining employees What are the secrets to hiring and retaining talent from Generation Z? Human resources students from Colorado Mesa University offered some insights in a recent presentation hosted by the Western Colorado Human Resource Association. The presentation highlighted the unique qualities of this emerging workforce, dispelled stereotypes and offered practical advice for employers out to tap the potential of members of Generation Z, defined as those born during the late 1990s and early 2000s. The students acknowledged the perceptions some in older generations have about members of Gen Z — that they’re lazy, disinterested and overly Jenny sensitive. The students were quick Yeager to assert those stereotypes don’t take into account dedicated and motivated individuals passionate about entering the workforce and contributing to companies that prioritize their well-being and professional growth. The presentation delved into the red and green flags of interviews with candidates from Generation Z. Red flags, the students said, include unprofessional interview questions, stereotypes about their technological proficiency, discrimination and frequent rescheduling of interviews. While tech-savvy, Gen Z candidates could lack experience with specific office technologies — industrial printers, for example. Discrimination and repeated rescheduling signal a lack of respect for their time and could deter them from further pursuing opportunities with an employer. Green flags include interviewers who recognize the educational accomplishments listed on the resumes of Gen Z candidates. Although they might lack extensive work experience, the completion of a degree demonstrates commitment and dedication. Gen Z candidates also could have diverse work experiences that might not directly align with the job they seek, but contribute to their overall professional development. The students shared their perspectives on the challenges members of Gen Z have faced, including navigating a virtual landscape during the COVID-19 pandemic and growing up in the midst of significant political conflicts. Those experiences have shaped them into a more inclusive and diverse generation — a valuable asset in the workplace. Understanding those life
Understanding their values — which include work-life balance, a casual dress code and diverse and inclusive workplace — is paramount.
experiences is crucial for employers that want to connect with and retain Generation Z talent. To effectively recruit Gen Z candidates, employers should explore such platforms as LinkedIn and Handshake. The students emphasized the importance of a professional LinkedIn presence cultivated with the guidance of educators. Instagram, a platform frequently used by those in Gen Z, also can serve as an effective channel for posting job openings and reaching passive job seekers. Retaining Generation Z talent requires a nuanced approach. Understanding their values — which include work-life balance, a casual dress code and diverse and inclusive workplace — is paramount. Employers should prioritize mental and physical well-being, flexibility, autonomy and a positive organizational culture. Positive reinforcement constitutes another significant factor in motivating and retaining Gen Z employees, the students said. Recognition for their efforts, achievements and contributions fosters a positive work environment, and enhances job satisfaction and productivity. Contrary to stereotypes, benefits are important to Gen Z employees. A tailored approach that enables employees to choose packages that suit their lifestyles, including such options as pet insurance, contributes to retention efforts. Hiring and retaining Generation Z talent might require a departure from traditional strategies. Human resources students from CMU offered a guide for employers, encouraging them to disregard stereotypes, appreciate the unique experiences of members of Gen Z and create workplace environments that align with the values of this dynamic and diverse generation. Jenny Yeager, a Society for Human Resource Management certified professional, serves as director of public relations and marketing for the Western Colorado Human Resource Association. For more information about the organization, visit www.wchra.org. F
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The Business Times
December 21, 2023-January 10, 2024
Leave personal baggage at home and excel at work We travel between two connected worlds — personal and professional. When there’s balance, contentment, purpose and success in life outside of business, the versions of themselves people bring to the workplace are different than if that’s not their realities. Some people believe there’s a distinctive barrier between personal and professional lives that keeps the two separate. If you step back and take an honest and discerning look at your own experiences and those of others with which you’ve worked, you’ll recognize that’s not the case. In fact, it’s common for people to carry their personal baggage through the door of the business, unpack and Marcus front spread it throughout the workplace. Straub Family matters, parenting challenges and relationship issues often weigh heavily on the hearts and minds of those affected. When not managed effectively, they can have negative and lasting effects on attitude; morale; performance; and, ultimately, the business. Compound this with such additional circumstances as financial troubles, health problems, lack of purpose and the despair that often accompanies them, and you have a recipe for disaster through dysfunctional behaviors. Who you are at work affects team members, customers and the bottom line in profound ways. As a business coach and consultant, I’ve witnessed top performers lose all sense of direction and focus due to mounting personal issues and their inability to deal with them in constructive ways. Even after years of dedicated work, it can be a quick slide from the top when personal challenges overwhelm the ability to function at the high levels to which
People often believe they should pull themselves up by the bootstraps because seeking assistance with life challenges constitutes a sign of weakness. This can be a difficult, lonely and unsuccessful route, however.
these people and others have grown accustomed. Business owners, managers and anyone else in leadership roles exert the largest effects, positive and negative, in the work environment. Team members look to these individuals for guidance and stability. When leaders are lost in their personal issues or unable to separate from them on the job, the entire team is affected to some degree. A noticeable funk can overcome the department or entire business. Errors and customer dissatisfaction — often due to a lack of focus and disengagement — coupled with loss of revenue and the negative effects on the work environment can only be tolerated for so long before a team member must be let go. This doesn’t have to be the case. Personal challenges belong solely to the person experiencing them — not everyone at work and certainly not the customers patronizing the business. One successful strategy is to view work as a timeout — an escape — from personal challenges. By focusing attention and energy squarely on the work at hand, you give yourself a muchneeded break from the painful reality of your personal circumstances as well as an opportunity to feel better as you excel professionally.
I’m in no way suggesting people should deny or avoid the challenging realities of their lives. My position is quite the opposite. My approach simply suggests there’s an appropriate time and place for dealing with the difficulties in one’s life. But that place is not at work. People often believe they should pull themselves up by the bootstraps because seeking assistance with life challenges constitutes a sign of weakness. This can be a difficult, lonely and unsuccessful route, however. If you find yourself challenged to take back your life on your own, there’s no shame in that. Seeking the professional help of a qualified coach to get yourself and your life in balance and on track offers a wise choice, indeed. It’s amazing what can be accomplished with increased awareness, simple changes in perspective, goal setting and accountability provided through the unbiased support of a competent coach. Unwanted, unexpected and truly challenging situations are part of life for each of us. They can be difficult and daunting. But they don’t have to damage or destroy a career or business. If your ability to function at a high level and enjoy happiness and success is compromised by issues in your personal life, make the strong choice to get the assistance you need so you can bring your best to work. 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 (970) 208-3150, marcus@ligcoaching.com or through the website located at www.ligcoaching.com. F
December 21, 2023-January 10, 2024
The Business Times
Here’s help to renew SAM registration Once a year, businesses registered with the System for Award Management (SAM) must update those registrations whether there have been any changes or not. In 2022, the federal government replaced the old registration with what’s now called SAM. In addition to changing how information about contracting and other opportunities is displayed, the annual registration update process changed. Here are a few tips and cautions to ease the registration process: n First, and most critically, you’re probably inundated with solicitations and Janet warnings — some bordering on threatening — about the need to immediately update your Arrowood SAM registration. These offers of assistance and less pleasant emails start showing up months before your renewal is due. Some offers come by mail and tend to be the more threatening sounding communications. I spoke with a counselor at the Federal Service Desk about these various attempts to get business owners to hire outside entities to handle renewals, and his response was, “Do not use these so-called offers of assistance.” These entities are almost always shady operators who want two things — your money and business details so they can potentially steal your business identity. Once they have your money and business details, they almost always disappear. At this point, your problems could just be starting. Not only do these entities not perform your SAM update, they become unreachable and non-responsive. They leave you in the lurch and possibly represent themselves as you and your business. You don’t need these services to update — or initially register — your business. Resources are readily available to assist you at no cost. They include the Federal Service Desk at www.fsd.gov and SAM resources at www.sam.gov. Small Business Development Centers and Procurement Technical Assistance Centers also offer
help. Just don’t try to reach them on the first or last working days of the week. n Second, the registration process through the SAM website isn’t intuitive. In fact, it can be quite frustrating. If you can’t get past the initial two or three web pages, stop and call the help desk at (866) 606-8220. One way to know you could be encountering a problem is when you reach the page that tells you to expect a one-time password via email for tax status verification or something like that. If you don’t receive the code within 10 minutes, check if you’ve blocked any emails from “do not reply” or .gov extensions. If you have, you need to unblock them. You might have to go to your IT administrator or web service or email provider to do this. The registration process can be time-consuming because you have to read lots of data on every page of about 20 pages and often just check one block. Even for renewals, you need to read through each page so you don’t overlook anything. n Third, keep in mind you no longer use your Data Universal Numbering System (DUNS) number. You must use your Unique Entity Identifier (UEI), or the update process won’t work. n Fourth, if you plan to do business with the federal government, this update process is a necessary evil. Don’t put it off. Block out an hour or so. If all goes well, you’ll be done for another year. n Finally, a caveat: If you haven’t done business with the federal government — including grants — you must register right away. It’s a time-consuming process since there are many verifications to be conducted by the IRS and others. 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
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News, views and advice you can use
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Page 24
The Business Times
December 21, 2023-January 10, 2024
In retrospect, good old days were anything but While attending a funeral for a loved one, conversations turned to those good old days when things seemed better. It got me to thinking about a homily I heard a few days before, when the priest talked about nostalgia for times in which we never lived. I’ve lived in parts of eight decades — from the 1950s into the 2020s. I was on the younger side in the 1950s. But history reveals we had the Korean War, Rosa Parks refusing to move to the back of the bus, the Suez Canal crisis, the Cuba revolution, the death of Stalin and the heating up of the Cold War. We also had the beginning of the H-bomb era. anyone else remember atomic Tim Does bomb drills and hiding under desks Haggerty at school? Were the 1950s all that great? I only remember that parents, grandparents, families and teachers kept us protected from such nightmares. What about the 1960s? We had the assassinations of JFK, Bobby Kennedy and Martin Luther King. We had the civil rights movement and a conflict in Southeast Asia broadcast on our TVs each evening. We had troubles in Ireland. The 1970s ushered in the Kent State massacre, gasoline
shortages and the kidnapping of Patty Hearst. Egypt and Syria attacked Israel. Paul McCartney announced the Beatles had disbanded. The 1980s had disco. Need I write more? The 1990s brought us the fall of the USSR as well as the first Chechen conflict. We saw the Rwandan genocide, the beginning of the Gulf War when Iraq invaded Kuwait and onset of economic upheaval with the introduction of the Euro. We had Kosovo. The turn of the century brought us 9/11 and the longest protracted involvement in United States military history. We witnessed the Boxing Day tsunami, global recession, Darfur, Hurricane Katrina, the Iranian nuclear race, housing market crashes, financial bailouts and the last time the Yankees won the World Series. The 2010s brought us Occupy Wall Street, Black Lives Matter, a seismic change in our political landscape, Brexit, impeachments, more hurricanes, the Boston terrorist attacks, mass shootings and the Me-Too Movement. So far, this decade has brought us a pandemic. These are but a sampling of the tragedy and chaos we’ve endured. Yet, there are some who say we need to go back to a time when things were better. Really? When, exactly, was that? We’ve never lived in a time when things were peaceful.
So, are we nostalgic for times in which we never lived? What I’ve learned is the thing I need to address is me. I’ve realized I can’t do much about the world, But I can become a better version of myself. If that means I need to become more empathetic, more sympathetic and more loving, then that’s what I need to do. Why? Because we’ve never lived in a world of peace and harmony. We likely never will. Perhaps, though, I can make my part of the world a little more peaceful and harmonious. I guess I’m actually nostalgic for a time when I was a little softer, a little kinder and a little more caring. How about you?
Health clubs have been around since the mid-1800s. People discovered clubs could and would become a powerful tool in achieving health and wellness. Joining and using a fitness facility offers many benefits, including instruction, motivation, socialization and variety, There are pros and cons to exercising in a health club setting. It all depends on you and your situation. Deciding when, how and why you want to lead a healthy lifestyle begins with motivation. This motivation could be a poor health condition or the desire to avoid one. It could be to lose weight, Paula build strength or prepare for a special Reece event. Whatever your motivation to get started, a fitness facility offers a good choice. It provides an opportunity to try a variety of workout options — from exciting group exercise classes to small group training and weights to cardio equipment. Trainers have a passion to help and motivate you. A strong pro is health clubs are filled with people just like you who’ve decided to live healthy lifestyles. By surrounding yourself with people whose goals are similar to yours, it creates a common ground. People of all ages,
fitness levels and walks of life come together to create an atmosphere of motivation and socialization. This broad social circle — whether acquaintances, friends, co-workers or family members — not only promotes motivation and accountability, but also boosts mental health and makes exercise more fun. Social isolation has become a real issue in the aftermath of the COVID-19 pandemic, one with such health risks for older people as cardiovascular disease and inflammation. Health clubs offer trained staffs. It’s their passion to learn, help people with their individual health goals and stay abreast of the latest trends. Personal trainers can teach you how to exercise effectively and safely. They can create workouts specifically for you. Group exercise instructors teach a variety of classes for all fitness levels that include such mind and body classes as yoga, Rokbarre and Pilates as well as such cardio classes as cycling and high-intensity interval training. That’s not to mention water classes and classes for seniors. Instructors prepare, practice and are ready to lead motivational classes. All you have to do is participate. A full-service club features an aquatic center as well as childcare, equipment, locker rooms and weights. You can work out in a temperature-controlled environment during winter and summer months. Some people don’t find all the positive aspects of a
fitness facility beneficial. They don’t exercise, so it’s not beneficial. Some people are disciplined in exercising at home or outdoors. Most people fall somewhere in the middle. One of the top reasons people might not join a health club is the cost. But it’s also a matter of value. When you’re spending your hard-earned dollars, it needs to be for something of value to you. If you buy a health club membership and don’t use it, there’s no value. But there’s also the opportunity to use a club as much as you’d like. That opportunity is literally endless in possibilities. Consider what’s available at health clubs. Research facilities and what they offer. You might believe you can enjoy effective workouts at home. But can you? Will you? At the beginning of a new year, health and wellness come to the forefront of people’s minds. Consider all your options. The goal is choosing something that will help you find the motivation to create and continue life-long health and fitness habits.
Tim Haggerty and his wife, Bernadette, operate a consulting firm based in Grand Junction that helps clients transition from command and control to servant leadership and change the view of wages and benefits from expenses to investments. Haggerty brings to the venture more than 40 years of experience in operations management and a record of decreasing costs while increasing productivity and revenue. He also serves as president-elect of the Grand Junction Kiwanis Club. Reach him at info@timothyhaggerty.com, (610) 737-0496 or www.timothyhaggerty.com. F
Considering joining a health club? Many benefits await
Paula and Dale Reece own Crossroads Fitness Centers in Grand Junction with a downtown location at 225 N. Fifth St. and north location at 2768 Compass Drive. For more information, call 242-8746 or visit the website located at www.crossroadsfitness.com. F
December 21, 2023-January 10, 2024
The Business Times
Page 25
State profile: Cultivate collaboration and resilience Teams that embody resilience in the Small firms face of challenges and rapid changes constitute weather storms and emerge stronger. big business
Nearly 690,000 small businesses in Colorado employed a total of almost 1.2 million, according to the latest version of an annual statistical snapshot of economic activity. Small employers accounted for 99.5 percent of all businesses and 47.3 percent of the workforce, according to the 2023 Small Business Profile for Colorado. The U.S. Small Business Administration Office of Advocacy prepares annual small business profiles for states and territories. The profiles include information on the number of firms, employment, owner demographics and other topics using the most recently available government data. The latest profile for Colorado estimated there were 684,726 small businesses — defined as firms with fewer than 500 employees — in Colorado. Nearly 543,000 of those businesses had no employees, while 127,294 had one to 19 employees and 14,720 had 20 to 499 employees. Industry sectors with the most small businesses included the professional, scientific and technical services; real estate; construction; and transportation and warehousing. Between March 2021 and March 2022, 32,069 Colorado establishments opened and 23,408 closed — a net gain of 8,661 firms. Women owned 44.8 percent of small businesses in Colorado, while racial minorities owned 8.3 percent of firms and veterans 7.1 percent. Small businesses employed a total of 1,187,717 people, 47.3 percent of all Colorado employees. Opening and expanding Colorado establishments and closing and contracting establishments accounted for a net gain of 125,316 jobs between March 2021 and March 2022. Of those, small businesses accounted for 91,997 jobs or 73.4 percent. Between 1996 and 2020, small business employment increased 34.9 percent, exceeding the national small business employment growth rate. A total of 5,729 firms exported a collective $8.5 billion worth of goods from Colorado in 2021. Of those exporters, 5,028 were small and accounted for $2.5 billion of goods. Banks issued $2.2 billion in loans in 2021 to Colorado businesses with revenues of $1 million or less. New lending through loans of $100,000 or less totaled $2.4 billion. F
Beyond the essential elements of care, dedication and a go-getter attitude, the journey to organizational prosperity is further enriched by a culture of collaboration and resilience. In the evolving landscape of modern workplaces, the ability to work together seamlessly and adapt to change are paramount. A collaborative team culture goes beyond the mere coexistence of individuals. It involves the synergy of diverse talents working toward common goals. Organizations that foster collaboration benefit from a melting pot of ideas as well as different perspectives and skills. This inclusive approach solves problems and promotes a sense of belonging among team members. Resilience is another key in organizational success. Teams that embody resilience in the Dalida face of challenges and rapid changes weather Bollig storms and emerge stronger. Resilient individuals within an organization contribute to a collective spirit of perseverance, fostering an environment where setbacks are viewed as opportunities for growth. A thriving organizational culture also embraces diversity and inclusion. Recognizing and celebrating differences among team members creates a workplace where every voice is heard and valued. Diverse teams bring a richness of perspectives, fostering innovation and adaptability. Inclusive organizations go beyond acknowledging diversity. They create spaces where individuals feel empowered to contribute their unique strengths. That promotes a sense of equality, but also establishes a foundation for a collaborative and supportive workplace. Whether it’s nonprofit organizations or for-profit business, prosperity takes on a deeper meaning when coupled with a commitment to social responsibility. In addition to financial achievements, organizations that engage in socially responsible
practices contribute to the well-being of the communities they serve. It’s a commitment that aligns with the growing expectation nonprofits and businesses alike play a role in addressing societal challenges. Whether through sustainable business practices, community engagement initiatives or philanthropy, organizations that integrate social responsibility into their core values become not only successful entities, but also forces for change in the world. Cultivating a culture of collaboration, resilience, diversity, inclusion and social responsibility adds layers of depth to success. Care, dedication and a go-getter attitude combined with a servant leadership mindset create fertile ground for organizations to thrive and individuals to grow and prosper. It’s the people, their caring natures, their dedication, their collaborative efforts and their commitment to social responsibility that contribute to meaningful change in the world. As we begin a new year, I hope you’re all surrounded with the embodiment of collaboration and servant leadership. Dalida Sassoon Bollig, chief executive officer of the Business Incubator Center in Grand Junction, is an experienced strategist with demonstrated work in international affairs. She brings to her duties experience in economic development, entrepreneurship, leadership, partnerships, public policy and trade. For additional information about programs and services offered at the center, call 243-5232 or visit https://gjincubator.org. Reach Bollig by email at dbollig@gjincubator.org. F
Contributors Opinion Bold predictions for 2015 Them’s the breaks in A Dickens of a tale inspires A new year affords Business Briefs like on not-so-bold repeats this newspaper curmudgeon more adding another year a new opportunity Business People Almanac to meet local needs THE he BUSINESS usiness T T Times IMES
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It’s a tradition to invoke Charles Dickens’ “A Christmas Carol” in imbuing the season with what should be the real meaning of the holidays. Who doesn’t like Dickens’ timeless tale about the transformation of the miserly and miserable Ebenezer Scrooge into a kinder, gentler and — in the end — happier man? Wow. Talk about character arc. I’m no brings less envious of Dickens’ A new year almost always an opportunity for talent, a freshincluding start and his line: “Marley was dead to begin with.” Challenged to renewed ambition toopening do things better. a holiday storytofor a writerscustomers critique group which In business, thatinvent usually boils down providing betterinproducts I participate, I was inspired to mashPart together work must of and services faster and at lower cost than competitors. of thethe process Dickens and mystery novelist whose include listening to customers to Raymond determineChandler, what theythe actually need and then booksall, featured private Philip opening meeting that need. After it doesthe little good eye to offer theMarlowe. latest andMy greatest if line? “Marlowe was dead to begin with.” But I digress. nobody actually wants what you’re selling. My that pointbelong is this:toI’m lot like Not the Area Just like the businesses the agroup, theScrooge. Grand Junction avaricious recluse thethe beginning ofwith the story, mind you.of Chamber of Commerce invariably startsatout new year a reassessment But theitbenevolent extrovert made by thewith spirit of the the services and resources provides and how well theysomatch members Maybe I’m hopelessly naive or naively needs. Jeff Franklin,holidays. the new chairman of either the chamber board of directors, Phil Castle hopeful, but I believe Christmas affects way. personifies this approach in describing what he considers hismost role people for the that coming They’re more giving, moreand sociable and more year: listen to members, determine their needs then meet thosecheerful. needs. It’s a We could all Franklin use moreisoffamiliar that, couldn’t we?president of Bank of Colorado. roleall with which as market While the ghosts of Christmas Scrooge in it’s more of The process will take on a moretransformed structured approach in one whatnight, the chamber an ongoing for this curmudgeon. I’m grateful year-round forthe plans as the process resumption of anewspaper program aptly called Listening to Business. Under the thingsbusiness I get to do. To work in printinjournalism with real print — and,barriers to program, owners participate in-depth interviews to identify Igrowth contend, journalism. meet remarkable people who trust me to tell their andreal other problems To they encounter. remarkable Best of all, totime work amazingclub. people. The newstories. year offers a good to with join some the proverbial That with my boss, Craig Heneed ablyfrom handles to keep me As anstarts advertiser or reader, what Hall. do you the advertising Business Times? walled off from that journals part of business. Moreover, he affords While business traditionally gather and report me the nearly relevantunbridled news to freedom to pursue my part of necessarily the business. readers, communication isn’t a one-way street. That’s especially true as anew with issue the more opportunity to share advice and WebI’m sitesgiddy and e-mail makeeach the dialogue convenient thanthe ever. expertise contributorsdon’t whoexist so generously share their time and talents. They Goodofpublications in a vacuum. They respond to the needs of include Janet Arrowood, Dalida Bollig, Tim Haggerty, Dean Harris, Phyllis advertisers and readers. They provide what’s needed. Hunsinger, Reece, Marcus Straub and Jenny Yeager. That’s not to mention So whatPaula do you need? contributors with Bray news & Co.,coverage DWC CPAs and Advisors, HR about Support Is there additional that would help keepLighthouse you informed and County Public Health. localMesa business developments? Are there features that would be interesting or Kitty Nicholason manymake of theyour ads jobs that appear in the Business Times. useful? Is there advicebuilds that would a little easier? Rob It’s Sperry and the team at Colorado Mountain News Media print the paper. equally important to ask what you don’t need. With limited time to Alowetta and Marc excellent Business Timestime website out of be produce content andTerrien limitedconjure space inthe which to publish it, would and space Thin betterAir. devoted to something else? None it would be isn’t? possible, though, wereWhat it notisn’t? for the businesses and What’sofgood? What What’s needed? organizations thatSend advertise the Business Times. Their has never Let us know. us anine-mail. Comment online on support the Business Timesbeen Web more — or, for that matter, appreciated. site atimportant www.thebusinesstimes.com. Youmore could even write an old-fashioned letter to The most important people of all involved in this process? Readers, of course. the editor if you’d like. Your feedback, both positive and negative, is valued and Those carveconsidered. time out of hectic schedules to read what appears on pages and will bewho carefully the website. You’re the are reason do what I do. Good publications the Iresult of not only the efforts of their staffs, but also So to co-workers, contributors, advertisers and readers, I wish you all a happy collaborative efforts involving advertisers and readers. Christmas. Toother steal good another line from God bless every one. Like any business, weDickens: want to listen to ourus, 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. © 2023 — All rights reserved.
time of year when It’s that nearly impossible for me to resolutions abound. believe, butand I’veprognostications been living, working and My favoriteinsaying applied to New Year’s publishing the Grand Valley for nearly in sayingFor they’re aresolutions quarter of isa century. some,basically I’m surea bunch promises to doing break those the first week it feelsof like I’ve been things of January. And while won’t them’s predictthe a wrong for much longer.I Well, whole lot, I can pretty much accurately breaks. nail aIffew that without question youthings ever take will thing maketo theheart news. one in You will see these are pretty, well,I’ve predictable: all the ink put to Prediction one: paper■over 23 years, There itwill beYou some make this: sort ofsurvive weather event, can’t owning disaster or anatural business for this heinous occurrence long without getting a where someone few breaks alongwill the be interviewed say way. Heck, youand can’t the following: “I’ve remain alive for more Craig Hall never seen anything 60 years without a like that in my few as well. And I’ve lifetime.” It’s as if thisof plenty in both my been the beneficiary person is a required professional and personalCraig lives. Hall attendee at every newsto change up the Perhaps it’s best reporting event. I understand most wording on themWhile breaks. Given the time people’s perspective be limited of year, let’s declare can that indeed furthermore by, orbreaks contained personal them shallwithin, mean their or beown called experiences, is tooI’m much to ask to blessings, of itwhich on the receiving consult some historical perspective before end of many. saying such a thing? are Yes,my thistwo response can Most important beautiful, apply to some But when it comes talented, caringevents. and loving daughters. to weather andofnatural I’m The privilege being disasters, their daddy is pretty sure this is simply itself. truly God’s greatesthistory gift torepeating me outside Same it has and into millions of Hisas Son andfor mymillions redemption His of years. MoreI could important, Kingdom. go onthe andplanet on formade the it! What24 didn’t wereofcertain species.Times How’s next editions the Business that formy perspective? about girls. But they’ve already had ■ Prediction two: When it comes enough of hearing, “Oh, you’re Craigto a crime or somethingTake that the occurs Hall’s daughter?” timebetween to say it humans, theof other required attendee at all in a couple different ways, and you’ll news the breaks person of who get thereporting picture. events Them’sis the says this: just the nicest being the “They kids ofwe’re someone who writes people, in no way did I see something what heand thinks. like this one does I’vecoming.” also beenExactly. blessedNo in taking over ofproduct the timefrom whenmy it comes amost great brothertoin the neighborsTimes and acquaintances. People Business and keeping it great,should be surprised whatstoryteller goes on from time to inheriting theatbest in the valley time in Castle. their neighborhoods, in Phil Along with a towns naturaland knack withwriting, people he theyhas know because peoplewith are for the gift of talking good.relating And fortothe timesThat that they shouldn’t and people. leaves me be do shocked with politicians, repeat to what I— dolike best: sales. Selling isn’t offenders and terrorists where’s the Just about closing. It’s about—relationships. interview thathis says, “Thisyou doesn’t like Phil and stories read surprise in every me in theI genuinely least.” edition, have an interest in Prediction Something what■you do, whythree: you do it and in good your will happen economically, andblessing the stories and success. The real is government take credit for it. The most when clientswill express the same desire for recent example is gasThem’s prices, where people the Business Times. the breaks. ask me creditofthethe president Butwhy untilI won’t the events past for low gas prices. My answer is simple:the few years, I didn’t fully appreciate Government never theinto price blessings God has makes brought myof something gosix-plus down and simplyon takes life over my decades thiscredit for Gas to pricing is subjectare to orb.good Sure,news. it’s easy say children many global factors. Now there areis it to blessings. But how much harder governmentand answers to addressing internalize appreciate the joy some whenof them hobbies to keep prices stable forand Americans, their cost too much take up so but ourtime government has none of them in much and the result is three minutes place. Theinonly thingsor it has in place onstage, the arena in life wheninallthe
December 21, 2023-J anuary 10, 2015 2024 JANUARY 15-28,
long run always consumers. Another your nerves can hurt say is, “Please don’t mess fact isOrthat unemployment certain up.” when they decidereaches to makea up their level minds based on economy. And whileIt’s the own andthe think for themselves. government might brag the is low, so much easier to focus on number the errors of it’s more than likely did parenting instead ofthe thegovernment successes. That’s something to cause that number low human nature in a nutshell. No being other role —life andshows not in us a good way. flaws Conversely, when in our own more than business picks it’s because parenting. But up, I firmly suggestthe wepeople all try who need once. to buyMaybe widgetshave whoawere notand it at least couple buying the economy was dive in widgets to all thebecause fun. Them’s the breaks contracting due Them’s to naturalalso (or the unnatural, of having kids. blessings government caused) reasons, weso of having great parents who decided taught me better buy some widgets. The government much in my second childhood with them. had nothing this. Related to to do thiswith publication and ■ Prediction Inof keeping without pointing afour: finger blame with and in things theingovernment does, I predictTimes the no order particular, the Business government manipulate the passing numbersofto never shouldwill have survived the make the claim economy is getting my brother Karlthe (and his identical twin, betterabecause of how it is working Kurt month later —thard hey will never beto help all of us “working Now mentioned apart as longAmericans.” as I breathe), you might say, mortgage “Craig, you always say this 9/11, the 2008 crisis, COVID about President because you don’t pandemic or myObama learning-the-ropes-of like him.” You’re rightdecisions. in a sense.That I don’t -publishing business knowpretty the man, himthe and was muchbut inwhat order,I know along of with his thinking, I don’t likebusiness it or himdecisions. one iota. common thread of my Before you off, events however, like Yet, with allgo those andI didn’t the fear and Presidentthey Bush and hiscame bailouts, stimulus damage brought, blessing after and his abandoning theand freemy market to save blessing for this paper life. Because the free market. And I gave don’tme know blessings at the paper thehim ability to either. What the government does,honestly, and the live a life I never imagined. And only canthe do,record is hurtmy thedecisions, economy. let mething stateitfor Unless it does and nothing or putput criminals in both business personal, the paper jailmore instead ofthan partnering with them, in peril any outside eventnothing ever the government does help. Always look could. But them’s thewill breaks. at it this thethem government I’veway, had whatever a couple of breaks says it ispast doing, thechanged name of my the law the twowhatever years that life it is passing, or whatever or goal of dramatically. The first the is I name quit drinking theJanuary bureaucracy it is— presenting the in of 2022 due to a to situation people, polar opposite to occur. in whichexpect I got the an incredible break. But, guess what I’m saying is that moreI importantly, to an understanding I perhaps it’s time the to get out of own couldn’t control demon ofour alcohol. perspective. There’s plenty history I’ve written extensively theofpast few books and there to months on historical the secondresearch with myout open heart begin toand understand thatthat all of thismy hasmom surgery the disease took happened before. And it will again, and brothers. whether thetotopic people or government. I used thinkisthe ultimate was a client The recommendation telling me,best “Just send me a bill,” is or to find somethe books whole “Do sameorastry lastthat year,” overGoogle the thing. or There’s a lot of information on in the phone in an email year after year. Or Great Depression. The truth is or it wasn’t surviving another dance routine mortgage even a good one until government payment or another day,the week or year. Orgot in involved. There’sOralso plenty of research doing life alone. a heart attack. After all, on the the medieval when the them’s breaks.warm Or soperiod I thought. planet much warmer than today Butwas once I saw them breaks are with a whole lot less (and warmer opportunities forpeople relationships and well beforemore, man was at all). And yep, much theyhere become perseverance. people have been killing other Perseverance becomes joy. Joy surprised brings people since history was firsttrade written. blessings. Today, I wouldn’t a break, research will help stop goodMaybe or bad,some for anything. all ofMay these trends. we’ll beand you have Otherwise, a merry Christmas saying we’ve neverWith seenaanything like it in blessed New Year. few of them our lives. Andthe notway. in a good way. breaks along publisher of of the the Craig Hall is owner and publisher 424-5133 Business Times. Reach him at 424-5133 or publisher@thebusinesstimes.com. ✦ F
The Business Times
December 21, 2023-January 10, 2024
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Colorado Option Latest reports diverge fails rural residents in assessing economy Summertime in Colorado is a busy time. Families are on summer vacation, and tourists are flocking to our beautiful state to take part in our extensive outdoor recreational opportunities and observe Colorado’s natural wonders. It’s understandable how we tune out of the day-to-day news cycle during the summer. At Kristi Mountain Sports in Alamosa, we love helping locals and visitors alike escape the hustle and bustle of our everyday lives. But in case you missed it, there was a big story in our area over the summer. Eric Burt In July, Friday Health Plans became the fourth health insurance company since 2022 to exit from Colorado’s health insurance market, leaving 35,000 Coloradans scrambling to replace their coverage and maintain their access to health care. And thanks to the recent drastic reduction in health care coverage options locally, supply and demand will dictate what likely will be higher prices for those Coloradans when and if they find replacement coverage. What’s happened to cause such a radical disruption to Colorado’s health care market? There are many factors at play, to be sure. But one that stands out is the passage of the so-called Colorado Option health care law in 2021. Among other things, the Colorado Option law mandates that health insurance carriers operating in Colorado meet an extensive new set of government-imposed standards while also lowering prices by 15 percent. If companies are unable to meet these new standards and price controls, they’ll face consequences from the Colorado Division of Insurance in the form of rate setting. According to a well-respected actuarial firm in Arizona called NovaRest Actuarial Consulting, Colorado Optionrelated health insurance restrictions “will make it more difficult for the Colorado market to attract new insurers to participate in the Affordable Care Act markets.” It strains credulity to believe this law hasn’t had any negative impact on Colorado’s health insurance market given all we’ve witnessed immediately following its passage. When Friday Health Plans arrived
We face a monopoly because the state has made it unaffordable for insurance carriers to do business in rural areas.
on the scene, its rates allowed Kristi Mountain Sports to finally offer an affordable group health insurance plan for the staff. After reviewing premium estimates for 2024, we most likely will have to drop coverage for our employees. Rural Coloradans sadly face a severe lack of insurance providers from which to select. We used to have at least four insurance companies form which to choose in Alamosa County. Now there’s only one. We face a monopoly because the state has made it unaffordable for insurance carriers to do business in rural areas, leaving us with few options for coverage. This is a broken promise. The state appears committed to staying the course with the ill-drafted, ill-considered Colorado Option law that threatens access to health insurance for rural Colorado employees and families by chasing out carriers and providers. According to the governor and state insurance commissioner, the law has been a success. But if that were the case, there’d be five or six options for competitive insurance carriers in every county of Colorado. Obviously, something is out of balance. Before 2021, Colorado had health insurance premiums that were lower than most other states, a reasonably competitive marketplace and set a good example for the country in health care, especially compared to problems in many other states. Since the law took effect, prices have gone up year over year while our marketplace has grown distressingly consolidated. When your gut tells you something is too good to be true, it’s almost always correct. And when that gut instinct is backed up by data and real world evidence, you can take it to the bank. The state of Colorado should set aside its pride and get back to what made Colorado an example for the nation in the first place. Eric Burt is owner and proprietor of Kristi Mountain Sports in Alamosa and a fifth generation Colorado native. F
SHARE YOUR VIEWS The Business Times welcomes guest columns and letters to the editor on issues affecting businesses in western Colorado. Submissions should be emailed to phil@thebusinesstimes.com and include names and telephone numbers for verification.
Two reports related to the state of the United States economy were released in late November. The latest revision for gross domestic product, the broad measure of goods and services produced in the country, leaned positive. But the so-called Federal Reserve Beige Book offered a rather bleak assessment on the economy. Real GDP growth for the third quarter 2023 was revised up from 4.9 percent to 5.2 percent, which of course is welcome. But the underlying data included some sobering points. The initial estimate included a decline in real business (fixed nonresidential) investment to - 0.1 percent. The second estimate shifted business investment growth into positive territory at 1.3 percent. That’s certainly an appreciated upgrade, but growth remained sluggish. A substantial portion of the original 4.9 percent third quarter growth rate was attributed to changes in private inventories, a transitional measure that turns out to be a wash over the long run. Raymond That actually increased in the second estimate, accounting for 1.82 Keating percentage points of the 5.2 percent growth rate. That compared to a first estimate of 1.47 percentage points of the 4.9 percent rate. Third, and finally, government investment and consumption expanded at a faster rate than first estimated — from 4.6 percent and contributing 0.8 percentage points to the real GDP growth rate to 5.5 percent and contributing 0.94 percentage points to the 5.2 percent growth rate. Of course, substantive growth comes from the private sector. Meanwhile, the latest edition of the Federal Reserve Beige Book — a summary of views on economic activity based on comments received from contacts outside the Federal Reserve System — painted a bleak picture of the economy based on information gathered on and before Nov. 17. The key point: “On balance, economic activity slowed since the previous report with four districts reporting modest growth, two indicating conditions were flat to slightly down and six noting slight declines in activity.” That’s eight of 12 Federal Reserve districts indicating stagnation or decline. In addition, the Beige Book noted retail sales were mixed and labor demand continued to ease. Manufacturing also ranked as mixed, with the outlook of manufacturers weakening. Looking ahead, the Beige Book noted: “The economic outlook for the next six to 12 months diminished over the reporting period.” There was nothing positive other than price increases continuing to moderate. This latest Beige Book indicates the solid top line growth rate in the third quarter was an exception in the ongoing trend of an under-performing economy. The need to implement a pro-growth policy agenda is clear — a mix of tax and regulatory relief, free trade, restrained government spending, a welcoming immigration agenda and sound monetary policy focused exclusively on price stability. Unfortunately, much of the prevailing policy agenda is pointed in the opposite direction. Raymond Keating is chief economist for the Small Business & Entrepreneurship Council. The nonpartisan, nonprofit advocacy, education and research organization works to protect small business and promote entrepreneurship. For additional information, log on https://sbecouncil.org. F
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Opinion Business Briefs Business People Almanac
n GRAND JUNCTION FIRM RANKS AMONG FASTEST-GROWING INVESTMENT ADVISORS
RoseCap Financial Advisors in Grand Junction ranked among the fastest-growing fee-only registered investment advisors in 2023, according to the latest results of a comparison published in InvestmentNews. RoseCap Financial Advisors ranked 17th among the fastest-growing, fee-only registered investment advisors with less than $500 million in assets under management. InvestmentNews ranked the firms for growth M. Rosenberg between July 2020 and July 2023 based on information reported to the Security Exchange Commission. According to InvestmentNews, assets under management by fee-only firms grew at an average annual rate of 9.5 percent since 2019 to $2.9 trillion. The number of client accounts grew an average of 10 percent to 4.1 million. Matthew Rosenberg founded RoseCap Financial Advisors in 2011. He also works as a finance professor at Colorado Mesa University in Grand Junction. A certified public accountant, Rosenberg also holds designations as a Chartered Financial Analyst and Personal Financial Specialist. RoseCap Financial offers financial and retirement planning, portfolio management and tax and accounting services. The firm operates offices at 200 Grand Ave., Suite 205. For additional information, call 773-5300 or visit www.rosecap.com. n HILLTOP AMONG NONPROFIT ORGANIZATIONS SHARING IN DONATION FROM SELECT HEALTH
Hilltop Community Resources in Grand Junction is among five nonprofit organizations that received a total of $25,000 in donations from Select Health. The nonprofit health plan based in Utah distributed the funding as part of an effort to address such issues as access to health care, food insecurity, housing instability and transportation limitations. Hilltop Community Resources provides a range of services that include assistance with access to health care and jobs, residential care for adults with traumatic brain injuries and support for victims of domestic violence. “These organizations are making a real, tangible impact in their communities,” said Curt Howell, market president of the Peaks Region for Select Health. Select Health offers a range of health insurance plans. For more information, visit https://selecthealth.org.
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A Grand Junction law firm has changed its name to update its branding and better reflect the work of its attorneys. Kain & Burke is now Burke, Holguin & Smith. Bill Kain and Michael Burke formed Kain & Burke in 2007. Stephanie Holguin and Andy Smith became partners in Michael Burke the practice in 2018, although they were associated with the firm for several years before that. Kain died in December 2022, two years after retiring. Burke said the name change offers an opportunity to refresh the firm’s brand and include Holguin and Smith. “We wish to continue to honor our late beloved friend and partner, Bill Kain. It is also important that our firm’s name reflects the contributions and dedication of our current team,” Burke said. “We are excited for the community to know that Stephanie and Andy are already established as ethical, distinguished, expert attorneys. For many years now, they have dedicated themselves to upholding our firm’s original mission and values while providing outstanding, clientfocused legal services,” Burke said. “Bill and I were proud to be associated with Stephanie Holguin and Andy Smith. I remain so.” Burke, Holguin & Smith offers a range of services, including those related to business, civil litigation, criminal, estate planning, family immigration and real estate matters. The firm operates offices at 2779 Crossroads Blvd. For more information or to schedule a consultation, call 241-2969 or visit https://Colorado-Legal.com.
n GRAND VALLEY POWER SEEKS APPLICATIONS FOR NEXT ROUND OF COLLEGE SCHOLARSHIPS Grand Valley Power based in Grand Junction is accepting applications for college scholarships as well as scholarships for electric lineworker training. Applications will be accepted through March 1 for college scholarships. Applications are due June 1 for lineworker scholarships. “Grand Valley Power is dedicated to empowering the future generations of our community,” said Rita Sanders, director of Rita Sanders marketing and communications. “Providing students with the financial support they need to continue their education is an important part of our guiding principles.” Grand Valley Power expects to award more than $20,000 in college scholarships ranging from $1,500 to $2,000 each. Applicants must live in a home served by Grand Valley Power. Scholarships for the Colorado Mesa University Tech electric lineworker program are available to Mesa County residents. Scholarships are awarded on the basis of financial need, academic performance, volunteer or work achievements and a personal essay. For more information, call 242-0040, send an email to scholarships@gvp.org or visit https://gvp.org/scholarship-program. n CANVAS CREDIT UNION BRANCHES COLLECTING SOCKS FOR ANNUAL DRIVE Canvas Credit Union branches are collecting donations through the end of December for an annual sock drive. Donations of new and gently used socks will be distributed to homeless shelters and resource centers, including Homeward Bound, Hope of the Grand Valley and Feed My Sheep. Last year, Coloradans donated more than 320 pairs of socks in the drive. Canvas Credit Union operates branches at 2302 North Ave. in Grand Junction and 577 Kokopelli Blvd. in Fruita. F
Real estate firm hosts blood drive in memory of co-worker About 30 people participated in a blood drive organized by Bray & Co. Real Estate in Grand Junction in memory of a co-worker who died following a car crash in October. All the appointment slots were filled for the drive, conducted at the Bray Education Center in collaboration with Vitalent. The drive was held as a legacy of Jane Reed, who supported blood donation and contributed blood herself. “Bray Real Estate extends its heartfelt thanks to all the donors, the team at Vitalent and everyone who supported this event in memory of Jane Reed,” the company stated in a news release. “We look forward to making this an annal tradition, continuing to honor Jane’s legacy and making a positive impact in our community.”
December 21, 2023-January 10, 2024
Bray & Co. encouraged people to consider blood donations not only during the holidays, but throughout the year. “Just one donation can save up to three lives, making every donor a true lifesaver. This event was not just a tribute to Jane, but also a testament to the power of community in addressing crucial health needs.” Bray & Co. provides a range of services related to residential and commercial real estate, property management and construction in Mesa County as well as Delta, Garfield and Montrose counties. For more information, call 242-3647 or visit the website located at www.brayandco.com. F
December 21, 2023-January 10, 2024
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n MESA COUNTY COMMISSIONER NAMED TO PROPERTY TAX COMMISSION
Mesa County Commissioner Cody Davis has been appointed to the Commission on Property Tax. Colorado Gov. Jared Polis appointed Davis to the commission to serve as a county commissioner from the western region. The commission was created to study and recommend a property Cody Davis tax structure that protects property owners and residential tenants from rising property taxes while also meeting the needs of governments that rely on property tax revenues to provide services. “Taxation in Colorado has turned into a quagmire of different rules and exceptions,” Davis said. “It makes it unpredictable for taxpayers and unsustainable for local governments. We can do better. I look forward to serving the people of Western Colorado on this task force, and I’m grateful for the governor’s trust in me.” n ACCOUNTING MANAGER JOINS GRAND JUNCTION REAL ESTATE FIRM Jessica Lane has joined Bray & Co. Real Estate based in Grand Junction as accounting manager. Lane brings to her latest position experience in the role with several local companies. She’s lived in the Grand Valley for more than 20 years. Bray & Co. provides a range of services related to residential and Jessica Lane commercial real estate, property management and construction in Mesa County as well as Delta, Garfield and Montrose counties. For more information, call 242-3647 or visit the website at www.brayandco.com.
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The Business Times welcomes submissions for free publication in Business People and the Almanac calendar of events. Submissions may be emailed to phil@thebusinesstimes.com or submitted online at the website located at www.thebusinesstimes.com. n MONUMENT HEALTH ANNOUNCES PROMOTION TO CHIEF OPERATING OFFICER Marguerite Tutill has been promoted to chief operating officer of Monument Health, a Grand Junctionbased health care organization. Tuthill joined Monument Health in July 2022 and since has worked with health care providers, clinicians and the operations team to create health care metrics and risk-based contracting. “I believe in the work we do here, Marguerite Tuthill flipping the old paradigm of sick care to health care so that our members get better outcomes at reduced costs and enjoy healthier lives,” Tuthill said. Ashley Thurow, executive director of Monument Health, praised the promotion. “Marguerite understands the health care system. She intuitively gets what’s working and what’s not working.” Before joining Monument Health, Tuthill worked as director of value-based payor contracting and data for the Western Healthcare Alliance. She also served as director of business development for HopeWest. She holds a master’s of public health degree from the University of Minnesota School of Public Health. As a clinically integrated network, Monument Health works with health care providers and insurance companies to improve outcomes and lower costs. Monument Health serves about 75,000 members. For more information, visit https://monumenthealth.net. F
Nominations sought for chamber awards Nominations will be accepted through Jan. 19 for annual awards honoring businesses and individuals. The Grand Junction Area Chamber of Commerce will present Business of the Year awards to a firm with fewer than 25 employees and one with more than 25 employees. The chamber also will present its Citizen of the Year award. Award presentations are planned as part of the annual chamber banquet scheduled for March 1 at the Grand Junction Convention Center. Nominees for the Bureau of the Year awards should demonstrate their contributions to a robust business climate and thriving community. They exhibit innovation, ethical business practices and play a role in fostering job creation and economic development. They also demonstrate corporate responsibility through sponsorships, philanthropy and partnerships with nonprofit organizations.
Nominees for the Citizen of the Year award demonstrate leadership and community engagement in fostering a strong business climate and supporting the community through charity and volunteerism. Nominees contribute to their advancement of their industries through new products, services and practices. They promote job creation, economic development and the prosperity of the local business environment. Nominees for the award also invest their time, energy and other resources to help address the needs of the community. Nomination forms are available on the chamber website at https://gjchamber.org. For more information, contact Candace Carnahan at candace@ghchamber.org or (970) 263-2919. F
December 21, 2023-January 10, 2024
Dec. 21 n Welcome Thursday Friends networking group, noon to 1 p.m., Qdoba, 401 Jurassic Ave., Fruita. https://fruitachamber.org or 858-3894 Jan. 4 n Fruita Area Chamber of Commerce Women in Business networking luncheon, noon to 1 p.m., Copper Club Brewing Co., 153 N. Mulberry St. Admission $15 for members, $25 for others. https://fruitachamber.org or 858-3894 Jan. 9 n Fruita Area Chamber of Commerce free presentation on maximizing membership, noon to 1 p.m. Jan. 9, FWorks, 325 E. Aspen Ave. https://fruitachamber.org or 858-3894 Upcoming n Fruita Area Chamber of Commerce business after hours, 5:30 to 7 p.m. Jan. 11, Fruita Community Center, 324 N. Coulson St. Admission $5 for chamber members, $15 for others. 858-3894 or https://fruitachamber.org n Coffee Club free networking meeting and presentation on the Mesa County Enterprise Zone, 9 to 10 a.m. Jan. 19, FWorks. https://gjincubator.org or https://fruitachamber.org n Fruita Area Chamber of Commerce community and coffee event, 8:30 to 10:30 a.m. Jan. 24, Adobe Creek National Golf Course, 876 18 1/2 Road. Chamber members may attend at no charge. Others will pay $10. 858-3894 or https://fruitachamber.org n Mesa County Workforce Summit, 7 a.m. to 2 p.m. Jan. 25, Colorado Mesa University Center ballroom, Grand Junction. Admission $55 for individuals and $400 for a table for eight. lindsay.bullock@mesacounty.us or 248-7562 n Energy Summit, 8:30 a.m. to 2 p.m. Jan. 31, location to be determined. Admission $65 for members of the Grand Junction Area Chamber of Commerce, $75 for others. https://gjchamber.org or 242-3214 n Grand Junction Area Chamber of Commerce trip to the Colorado Legislature in Denver, Feb. 22 and 23. https://gjchamber.org or 242-3214 n Grand Junction Area Chamber of Commerce annual banquet, 5:30 to 11:30 p.m. March 1, Grand Junction Convention Center, 159 Main St. https://gjchamber.org or 242-3214 n Fruita Area Chamber of Commerce women’s conference, 9 a.m. to 3:30 p.m. March 13, Colorado Mesa University Center ballroom. 858-3894 or https://fruitachamber.org n Grand Junction Area Chamber of Commerce legislative wrapup, May 14, location to be determined. Admission $25 for chamber members, $30 for others. https://gjchamber.org or 242-3214 n Grand Junction Area Chamber of Commerce state of the valley presentation, noon to 2 p.m. May 22, Grand Junction Convention Center. Admission $25 for chamber members, $30 for others. 242-3214 or https://gjchamber.org F
December 21, 2023-January 10, 2024
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December 21, 2023-January 10, 2024