We all have reasons — sometimes leaking into rationalization — for being where we are. But whether it’s love, location or incredible luck or lucidity, here are some of our favorite reasons for outdoor manufacturers to be where they are in Colorado — which, of course is always a good place to continue to be, […]
Everyone in Colorado knows why people from other states continue to move here. The area is an outdoor enthusiast’s dream, with lots of hiking and biking trails, places to mountain climb or boulder, many areas for water sports, camping and fishing. But how did Colorado become one of the major outdoor industry hubs in the […]
Small mountain towns in Colorado are increasingly home to incubating manufacturing startups in the outdoor industry, and none seems to be doing a better job of it than Steamboat Springs. While famous for being the home to more Winter Olympics athletes than any other in the nation, it also is home to an incredible assortment […]
The outdoor industry accounts for $646 billion in retail sales and services, $80 billion in federal, state and local tax revenues and 6.1 million American jobs, according to the Boulder-based Outdoor Industry Association. The industry shows no sign of a slowdown. Colorado established itself as a major outdoor-industry hub in the aftermath of World War […]
- BDS study reveals evolving habits of cannabis consumers
BOULDER — Cannabis users are focusing on issues such as dosages, quality control and the best ways to consume measured amounts of cannabis, according to a new study from BDS Analytics. “There is enormous innovation potential ahead,” said Linda Gilbert, managing director of consumer insights for Boulder-based BDS Analytics, which shared some of the data with BizWest. BDS found that, of people who consumed cannabis via edibles (Gilbert said that edibles are the product that most accurately reflects dosage information) in the past six months, 25 percent said they preferred lower concentrate products that are portion controlled. Nineteen percent of users who consumed edibles said they like to nibble on a higher concentrate product during the day. The study surveyed more than 11,600 U.S. adults, aged 21 or older during the first quarter of 2018. Of those, 1,576 are consumers of edibles in the past six months. Gilbert added that 30 percent of the users who consume edibles didn’t know their preference when it comes to doses, 19 percent said they prefer products with less than 5 mg of THC, the chemical compound in cannabis that gives the “high” feeling. Twenty-eight percent prefer products that are between 5 to 20mg. Eight percent said they prefer products in the 21 to 50 mg range while 14 percent said they prefer products with more than 50 mg of THC. The fact that users do care about dosage size will likely lead to changes in edibles, Gilbert said. For example, there can still be inconsistency in how two gummy candies from the same container will affect a user. [advert] “I don’t want one Tylenol to do nothing and another to put me to sleep when I want to get rid of a headache,” Gilbert said. “I believe we’ll see a rise in quality control because of the interest in dosage.” In fact, 38 percent of survey respondents said they feel manufacturers need to do a better job of making product dosages reliably consistent from serving to serving. Gilbert also said that the study found that, often, when consumers are using higher-dosage products it’s for serious medical reasons, such as combating the side effects of chemotherapy. Additionally, there is an increase in users who don’t seem like the typical consumers of cannabis, such as mothers substituting cannabis for a glass of wine. Gilbert said the changes in user could lead to products being marketed less by dosage and more by the effect that can be expected, such as relaxation or creative energy. But manufacturers and growers are still learning a lot about developments and innovations in cannabis. “We don’t understand the science of the delivery systems yet, they’re still being developed,” Gilbert said. “We are going to see much more sophisticated products offer more reliable consistent experiences with high assurances of safety.” She added that for a lot of the survey respondents who don’t currently consume cannabis but are considering doing so, they most likely want to consume via edibles or topicals. They’re often coming […]
- Fort Collins selects Elevations for financial education to employees
FORT COLLINS — The city of Fort Collins said Friday it has selected Boulder-based Elevations Credit Union to tailor programs to further the financial well-being of city employees. Elevations will provide financial education and training, such as onsite seminars at the city’s headquarters. Programs will address online financial education and special events for city employees covering financial topics. Bryan Watkins, Elevations’ Northern Colorado market president, said there is no compensation involved with the credit union’s affiliation with the city. He said the upside to teaming with the city provides Elevations with exposure to potential customers, and it will enhance its brand awareness. The city has approximately 2,400 full-time and seasonal employees. Watkins said Elevations has a vested interest in the communities it serves. The city considers the affiliation with Elevations as an addition to employee benefits. Kelly DiMartino, senior assistant manager for the city, said Elevations was chosen after a “competitive selection process. “Elevations emerged as the preferred partner based on their high-quality products and exceptional customer service,” DiMartino said in a prepared statement. “As a fellow Malcolm Baldrige National Quality Award winner, Elevations is committed to many of the same principles and values as we are at the city of Fort Collins.” Elevations Credit Union has more than 125,000 members and manages more than $1.9 billion in assets.
- Unemployment rates in NoCo, Boulder Valley decline in March
DENVER — The unemployment rates in Boulder, Broomfield, Larimer and Weld counties declined in March compared with February, according to the Colorado Department of Labor and Employment’s monthly jobs report released Friday. All counties in the Northern Colorado and Boulder Valley region had rates below 3 percent. The jobless rates for March in Boulder and Larimer counties were 2.5 percent compared with 2.9 percent in February. The jobless rate was 2.6 percent in Broomfield, down from 2.9 percent in the previous month, and Weld County’s rate was 2.7 percent, a decline from 3.1 percent. Boulder County’s rate in March was two-tenths of a percentage point higher compared with a year ago. Larimer County’s rate in March was one-tenth of a percentage point higher than the same period a year ago. Broomfield and Weld counties rates in March were the same as year ago, Larimer County had 193,384 people working with 5,001 seeking a job. In Boulder, 187,440 people held jobs in March, while 4,879 were looking for work. Weld County had 157,196 people employed with 4,380 looking for work, and Broomfield County had 37,714 workers and 990 people seeking employment. According to a survey of households, the unemployment rate in Colorado was unchanged from February to March at 3 percent. The number of people actively participating in the labor force increased 7,400 over the month to 3,049,300 and the number of people reporting themselves as employed increased 9,200 to 2,958,700, causing the number of unemployed to decrease 1,900. However, due to rounding, the unemployment rate was unchanged from February at 3 percent. The U.S. unemployment rate was also unchanged in March at 4.1 percent.
- CU’s Wobbekind to deliver stats, insights at construction summit
BROOMFIELD — University of Colorado economist Rich Wobbekind will provide insights into the region’s construction sector at the inaugural Rocky Mountain Construction Summit, May 3, in Broomfield. Wobbekind, executive director of the Business Research Division of the University of Colorado Boulder’s Leeds School of Business, will provide economic statistics and will discuss the impact of the current labor squeeze within the construction industry. The summit, sponsored by Berg Hill Greenleaf & Ruscitti, the Boulder law firm, will be from 7:30 a.m. to 1 p.m. at the Omni Interlocken Resort. Tickets for the event, available here, are $49.49 each. The summit will explore numerous topics, including: The Voice of General Counsel: Current Challenges in Construction Panelists: Ashley Kramer, senior counsel/litigation, assistant vice president safety, Comfort Systems USA Brenna Mann, senior vice president/general counsel, Adolfson & Peterson Construction Julie Earnest, associate general counsel, AECOM Energy Jason Greves, associate general counsel/litigation, Mortensen Moderator: Giovanni Ruscitti, managing partner, Berg Hill Greenleaf Ruscitti LLP Best practices for Presenting Construction Claims Panelists: Anamaria Popescu, director, Berkeley Research Group Bob Pratt, principal and executive vice president, Demand Construction Services Mark Gentry, vice president, Kenrich Group LLC Ken Ekstrom, president, Applied CM Moderator: Mark Changaris, partner, Berg Hill Greenleaf Ruscitti LLP Current Issues and Risks in Residential Development Panelists: Kevin Brinkman, chief executive, Brinkman Doug Rothey, president/owner, Surescape/CRS Ryan Polk, general counsel, RK Mechanical Tasha Power, senior associate, Berg Hill Greenleaf Ruscitti LLP Scott White, partner/Business Line Agent, CRS Moderator: George Berg, founding partner, Berg Hill Greenleaf Ruscitti LLP What to do When a Good Project Goes Bad Panelists: Heidi Potter, Partner, Berg Hill Greenleaf Ruscitti LLP Jack Storti, Partner, Berg Hill Greenleaf Ruscitti LLP Jason Pink, Partner, Berg Hill Greenleaf Ruscitti LLP Justin Berg, Partner, Berg Hill Greenleaf Ruscitti LLP Moderator: Tom Merrigan, partner, Berg Hill Greenleaf Ruscitti LLP Hot Topics within the Construction Industry Panelists: Tom Dosen, Wipfli/Bauerle & Co. Marco Capitelli, president, MTech Mechanical Leonard Koch, senior vice president of commercial banking, Vectra Bank Rick Petersen, principal, FAIA, LEED AP, Oz Architecture Moderator: Giovanni Ruscitti, managing partner, Berg Hill Greenleaf Ruscitti LLP BizWest serves as the event architect. The event is also sponsored by Berkeley Research Group LLC and Wipfli | Bauerle and Co.
- Fort Collins chamber organizes regional Talent Summit
FORT COLLINS — The Fort Collins Area Chamber of Commerce will conduct its first Talent Summit 7:30 a.m. to 12:30 p.m., Tuesday, May 8, at the Embassy Suites by Hilton Loveland Hotel Conference Center. The chamber will be joined by its partners, the Fort Collins Economic Health Department, Loveland Economic Development Department, Larimer County Economic Development Department, Larimer County Workforce Center, Loveland Chamber of Commerce, Northern Colorado Economic Alliance and United Way of Larimer County. The workshop is meant to explore the issue of workforce skill shortages in Northern Colorado and to match employers with potential workers who may have the skills companies want. “Under-employment and talent shortages are a growing problem,” said Ann Hutchison, chamber executive vice president. “With the Talent Summit, we hope to showcase interesting speakers and resources that help business be successful in finding new talent.” The Talent Summit is part of the Align, Attract and Retain Talent initiative in the chamber’s Northern Colorado Prospers Campaign. The mission is to support employers in finding, attracting and retaining the talent they need by connecting regional employers with residents and residents with better economic opportunities. The Talent Summit agenda will include industry leader presentations, an employer resource fair and breakout sessions that will be valuable to employers. The keynote presentation will be provided by Elisa Webb Hill from XYZ University. She is a workforce strategist and innovation expert, who previously held senior roles in innovation, marketing and global licensing for Kellogg’s, Coca-Cola and Federated Department Stores. Her presentation, titled “The Future of Work,” will focus on workforce indicators of change, how to position companies to be innovative and responsive to these changes to attract top talent and win in the marketplace. The summit’s closing presentation will be from Zach Mercurio, author of “The Invisible Leader.” Tickets are $20 and are available here.
- DanoneWave changes name, achieves B Corp status
BROOMFIELD and WHITE PLAINS, N.Y. — One of the last vestiges of WhiteWave Foods Co. has been removed, as DanoneWave has dropped the “Wave” portion of its name, becoming simply Danone North America. The company announced the change one year after French dairy company Danone completed its $12.5 billon acquisition of WhiteWave, a home-grown Boulder Valley company that produces iconic brands such as Silk products Horizon Organic milk. “The company’s new name — Danone North America — represents an intention to continue its purpose journey with a single identity that’s easily recognizable to the many people who enjoy the beloved brands Danone North America makes,” the company said in a press release. Danone also announced that it has achieved Certified B Corporation status, making it the largest Certified B Corp in the world, the company said. B Corporations use their business to help solve social and environmental problems and are certified by B Lab, a nonprofit. “We are incredibly proud to officially join the B Corp movement today as Danone North America,” Mariano Lozano, CEO of Danone North America, said in a prepared statement. “Our new name better positions us as part of Danone, a forward-looking and unified global food and beverage company that demonstrates business success can be synonymous with building a healthier world through food.”
- Woodward will move 65 jobs from Fort Collins to Poland
FORT COLLINS — Woodward Inc. (Nasdaq: WWD) will move 65 jobs to Poland, even as it relocates 300 jobs from California to Fort Collins. The Coloradoan reports that the Fort Collins-based aerospace and industrial-systems company will shift jobs related to electronic-control systems to Krakow, Poland. A Woodward spokeswoman told the Coloradoan that some of the workers affected by the move will be retained for employment at the company’s renovated Drake Road campus. That campus will house 300 workers in airframe systems as the company relocates a plant from Duarte, Calif., to Fort Collins. Woodward recently took a $17 million charge related to the Duarte relocation.
- HobbyDB in Boulder raises $450,000 in equity offering
BOULDER — HobbyDB, a Boulder-based database and marketplace for collectible items, has raised $450,000. The company raised the funds through an equity offering, according to a Form D filed with the U.S. Securities and Exchange Commission on April 13. The funds help the company break even, said CEO Christian Braun, which marks a turning point for the company as it begins to be profitable. In addition to building databases for collectible items, HobbyDB has also built marketplaces dedicated to certain items. Rather than having to comb through eBay, enthusiasts can buy and sell on a marketplace tailor-made to their interests. “We’ve seen explosive growth,” Braun said. “To break even is one important point on the growth curve. We plan to continue to grow all aspects of the business. We’re building a database of collectibles, and we’re investing heavily in building that up. We want to build that out and get more users and sellers on more of the marketplaces.” In October, HobbyDB raised $325,000, which went to building its databases.
- Brinkman finishing construction on Copperleaf Place
FORT COLLINS — Real estate developer Brinkman said on Thursday it expects to open Copperleaf Place, a luxury apartment complex in midtown Fort Collins, sometime in June. Copperleaf, on which construction began a year ago, consists of two three-story buildings and one two-story building and has 94 units made up of studio, one-, one-and-a-half, two -and two-and-a-half bedroom options. It is located at the intersection of South Shields Street and Horsetooth Road. Each apartment will include a private patio or balcony and a full-size washer and dryer. Other amenities include a 24-hour fitness center with Peloton bikes, a community dog park, off-street parking, optional garage storage and interior amenities such as high ceilings, modern finishes, stainless steel appliances and granite countertops. Pre-leasing already has begun. The project team includes Fort Collins-based Brinkman Construction, Infusion Architects in Loveland, Interwest Consulting Group in Windsor and The Birdsall Group in Berthoud.