Fort Collins Chamber of Commerce

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Friday, December 28, 2012
2012 is History, 2013 will be Eventful

Another year has come and gone. Thank you for making 2012 a great one for the Chamber. In a future post I’ll update you on our key accomplishments. The short version is that the community continued to enjoy a strong reputation as a great place to live and the economy continued to strengthen.

The coming year will be interesting and challenging in some ways. In many respects, the uncertain policy and tax environment of 2012 continues into 2013. As I write this Congress and the President are engaged in a titanic political tug-of-war. The question isn’t about whether taxes will go up but rather by how much. 

Locally, the first three months of the new year city council politics will be in full swing. Nearly every issue coming before the council will be politicized. Then, due to term limits, a new group will be leading city government for better or worse.

For our part, the Chamber will continue to press ahead with an aggressive ‘jobs agenda.’ Life is good in Fort Collins and the region, for sure, but too many people are unemployed and under-employed. Regardless of what is happening in D.C. and with local politics, staying focused on creating good jobs is a priority.

Happy New Year to you! The team at the Chamber looks forward to working with you to make 2013 a great year for your company and the community.

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, December 18, 2012
Relationships

A great joy in all of our lives is the people who fill them up. In the process of doing whatever it is we do, it’s the people we get to associate with that make it all worthwhile. Whether you’re helping a client solve a problem, raising money for research to cure a disease, fixing somebody’s balky car, teaching a course that provides a key insight, listening to someone harrumph about something while they ‘try to figure it out,’ and family and friends, of course, it’s about the relationships.

As 2012 comes to a close, relationships at the Chamber are on my mind. There is great hazard in trying to name every person or even group that made a difference to the community and the Chamber this year. Even so, I want to cite a few.

As members, you were well represented by a group of your peers on the Chamber Board of Directors. It has been my pleasure to work with chamber boards in three different communities during my career. Plus I’ve interacted with many others as a retreat facilitator. The Board of the Fort Collins Area Chamber is a special group, the best I’ve ever worked with. They are bright, thoughtful, foresighted, and committed. A cardinal rule as the executive officer working for a board is that you need to stay at least one step ahead of your volunteer leaders. It has been hard to do that with this group!

The Executive Committee has been an especially hard-working and capable group beginning with 2012 Chair Donna Chapel of Chapel & Collins. Joining her on the Executive Committee were Chair-elect John Carroll of Ed Carroll Motor Company, Immediate Past Chair Mark Driscoll of First National Bank, Treasurer Chris Otto of EKS&H, Yvonne Myers of Columbine Health Systems and David Everitt of Everitt Companies. The latter two co-chaired the Chamber’s very effective Moving Fort Collins Forward! total resource campaign. The Executive Committee was a fun group to be around and was high wattage. They were a motivating group that you never wanted to let down! Huzzahs! to Donna for her leadership.

We had great team captains and team members during our total resource campaign. The Red Carpet Committee, Leadership Fort Collins Steering Committee, Leadership Northern Colorado Steering Committee, Local Legislative Affairs Committee, Northern Colorado Legislative Alliance Board, Environmental Committee, Envision Young Professionals Steering Committee, and Finance and Budget Committees were all well led and very effective.

Finally, a note about the Chamber staff. I’m very proud to work with our team of Ann Hutchison, Anne Keith, Janel Reichard, Joe Anderson, Kim Medina and Mimi Jones. They bring an attitude of service to work everyday, and they are competent and effective. We’re small, but I’m convinced we’re the best chamber staff in the Western U.S. (I’d say ‘entire U.S. but I’m less familiar with chambers east of the Mississippi since I moved here 10 years ago!) I’d stack us up with anyone!

We’re fortunate to have all of you as part of the Chamber family!

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, December 11, 2012
Where People Are Moving

"Growth" is a pejorative term to some people; to others it is sweet music. Either way, population growth is interesting. A great story on NewGeography.com is worth taking a peek at. It analyzes domestic migration in the 51 largest metro areas in the U.S. over the past decade and the past year. The biggest net gainers 2000-2009 are Phoenix, Riverside-San Bernardino, Atlanta, Dallas-Fort Worth and Las Vegas.

More recently, as the recession eases, this has changed somewhat. The top 7 in net population growth from in-migration in 2010-11 are:

#1 Dallas-Fort Worth

#2 Miami-Fort Lauderdale

#3 Austin

#4 Tampa-St Pete

#5 Houston

#6 Washington DC

#7 Denver

The biggest net population losers in 2010-11 are

#51 New York-Northern NJ -99,975

#50 Chicago

#49 Los Angeles-Long Beach

#48 Detroit

#47 Philadelphia

#46 Cleveland

#45 St. Louis

You can find the story here. 

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Sunday, December 9, 2012
Poll: Small Companies Reluctant to Hire

Many people hoped after the presidential election that the sense of uncertainty gripping the country would decline. That is not the case according to small businesses responding in November to the quarterly Wells Fargo/Gallup Small Business Index survey. Small companies expect to hire fewer people in 2013 than at anytime since November 2008, which was the depth of the recession. You can find the story here in the Financial Times.

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, December 4, 2012
Study: Something Very Good for Your Company

I try not to use this space for self-promotional purposes like hawking Chamber events or glorifying the Chamber. Instead, I like to comment on issues or send you to resources that I think you’ll find interesting and useful.

What follows might seem like a departure from that. However, since it’s about helping your company be successful, I’ve relented. You see, it’s all about you!

The results of a national survey of 2,000 adults were released last week. It found that being active in a local chamber of commerce is an effective business strategy. Two-thirds of consumers said that companies that are members of chambers of commerce use good business practices, are reputable, care about their customers, and are involved in the community.

The study, conducted by The Schapiro Group, an Atlanta-based strategic consulting firm, found consumer perceptions of chamber members to be positive in many ways. For instance, when consumers know that a small business is a member of the chamber of commerce, they are 49 percent more likely to think favorably of it and 80 percent more likely to purchase goods or services from the company in the future. 

The study indicates that chamber membership strongly benefits small business members—if consumers are aware that the small business is involved with its local chamber.

Here’s another tidbit from the study: knowing that a company is a chamber member increases consumer favorability with young adults age 18-29 by 93 percent, the biggest increase of any age demographic. Why? The study doesn’t say, but perhaps it’s because they’ve spent their entire adult lives trying to sort out what’s real from what’s not in the virtual world. To 18-29 year olds, chamber membership is a solid indicator of credibility.93%

Anyway, there’s a lot more in the study in terms of specific business types and sizes, but the basic message is that in the eyes of the general public belonging to your local chamber of commerce makes you a more legitimate business. You can find the full report here.

Posted by: David May @ 10:30:00 am  Comments (0)Read More»»
Tuesday, November 27, 2012
Those in Need

With 60 degree weather it’s a little hard to believe that Christmas is less than a month away!

Most of us will be able to enjoy a comfortable holiday season with family and friends. That’s not the case for everyone, of course. Even in happy and prosperous Fort Collins some of our friends and neighbors are facing challenging times. Most of us know that and make a little extra space in our hearts and wallets to help. I’m a relative newcomer to the area – I’ve only been here 9 years – but the generosity of people in our town still impresses and inspires me.

You may already have your charitable giving decided, but here’s a list of nonprofits for your consideration. Some on the list are business associations but most are charitable nonprofits. It's the latter group that I'm directing your attention to today. And here’s a list of churches.

Thank you for being so generous. You help make our community a great place to live.

Posted by: David May @ 4:00:00 pm  Comments (0)Read More»»
Tuesday, November 13, 2012
Fiscal Cliff Primer

A common phrase in the media at the present time is ‘the fiscal cliff.’ It refers to a set of tax increases, new taxes and federal budget cuts that in combination threaten to tip an already soft economy into recession.

On tap are five new taxes due to the Affordable Health Care Act (aka ‘Obamacare’), a possible increase to the estate tax, income tax increases for all taxpayers, a short-term fix on the Alternative Minimum Tax and expiration of the 2 percent payroll tax holiday.

On top of these issues, the federal government is spending money like a drunken sailor. (Apologies if I’ve offended any drunks or sailors by associating them with a fiscally incontinent federal government!) How bad is it? Federal borrowing averages $2.7 BILLION a day meaning a new debt ceiling crisis will come up in early 2013.

The best primer I’ve seen explaining all of this has been produced by the Tax Foundation. You can find it here.

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, November 6, 2012
Vote Today...and be Nice Tomorrow

Finally, Election Day. A year plus of primaries and general election campaigns are mercifully coming to an end…hopefully. By that, I mean, except for close races that might trigger recounts.

But let’s be optimistic and hope for the best, which means clear winners and losers.

What will tomorrow bring? Well, for certain, about half of the population will be happy, and the other half will not be. For the sake of family-friend-community-workplace comity, here’s hoping the former don’t lord it over the latter.

Oh, and the sun will come up.

Other than those two things, everything else at the moment is still a mystery. The candidates at all levels and their campaign advisors and workers will chase ballots today. In some cases it will make a difference, but one suspects that at this point most voters have it sorted out.

If you still need to vote, here’s a link to the Larimer County Election website with drop-off and voting locations. 

Posted by: David May @ 8:00:00 am  Comments (0)Read More»»
Wednesday, October 31, 2012
Colorado State-Local Tax Burden Climbs

Your effective local and state tax rate for living in Colorado is 9.1 percent. The national average is 9.9 percent. Colorado has the 32nd highest tax rate, up nine slots in four years. The total state and local per capita tax amount paid by Coloradoans is $4,104. This information is from the Tax Foundation, which produces an annual state-local tax burden report. You can find it here.

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, October 30, 2012
Fort Collins Works
Posted by: Unknown @ 2:00:00 pm  Comments (0)Read More»»
Monday, October 22, 2012
Council Supports Avago 7-0

Hats off to the Fort Collins City Council for supporting an incentive package for Avago last Tuesday evening by a vote of 7 to 0. The no-growth community was out in force to block the package, which they feared would cause population growth. A strong showing from the business community, however, countered this with a case for the economic benefits to the community. The incentive package was bascally performance-based rebating of the manufacturers' use tax and part of the business personal property tax. Both are barriers to investment. The economic benefits far outweigh the potential taxes.

Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
Tuesday, October 9, 2012
Resource to Help Understand Healthcare Law

The Patient Protection and Affordable Care Act (PPACA, aka "Obamacare") was back in the news last week as a topic during the first Presidential Debate between President Barack Obama and challenger Mitt Romney.

Nearly two years after the legislation was passed, its impacts are still being debated (literally) and evaluated. Recently, the National Federation of Independent Businesses produced a helpful crib sheet titled "PPACA: A Healthcare Law Guide for Employees." It does a good job of briefly explaining some of the key impacts of the law.

It highlights both benefits to employees and negative impacts. Among the benefits cited are:

  • Your kids can stay on your policy until age 26.
  • Insurers won’t be able to refuse to sell to you if you are ill and can’t cancel you if you become ill.
  • Insurers must cover preventive services.
  • Some employers get a temporary tax credit.

    Among the new burdens cited are:

    • Americans must have insurance or face a tax.
    • Employees insured through a small business or on their own will pay a Health Insurance Tax of around $500 in increased premiums annually.
    • Drug companies and medical device companies will pay higher taxes on their products, which will be reflected in higher premiums.
    • Pretax dollars placed in Health Savings Accounts or Flexible Savings Accounts cannot be used to buy over-the-counter medications. And, a $2,500 cap is placed on pretax health care expenditures.

    If you’re interested in a short and understandable overview of the impacts of the new healthcare law, the NFIB publication is worth looking at.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, October 2, 2012
    Chamber Opposes Marijuana Ballot Measures

    The Fort Collins Area Chamber of Commerce opposes the local ballot measure which would allow medical marijuana dispensaries in Fort Collins, and the Chamber opposes a state ballot measure which would legalize the recreational use of marijuana in Colorado.

    Posted by: David May @ 11:00:00 am  Comments (0)Read More»»
    Tuesday, September 25, 2012
    The Economic Anchor of Over-Regulation

    Oppressive government regulations are a very common complaint of Chamber members. I hear it with numbing regularity. In the name of safety or fairness government passes laws and regulations that place enormous burdens on businesses. The business costs of compliance have an aggregate cost to the national economy. On his blog, "Economics One," economist John B. Taylor recently wrote "While correlation does not prove causation, regulations, whatever their benefits, tend to raise the cost of doing business and thus discourage business expansion and economic growth." Taylor contrasts the economic policies enacted during the recessions of 1981-82 and 2007-09. During the former, the number of federal regulators declinesd while the number of regulators has grown dramatically during the latter. The results can be seen with a robust 5.7 percent recovery from the 1980s recession compared to a very anemic 2.2 percent recovery now. Taylor’s blog post is short and you can find it here.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    What Companies Really Want

    When mid- to large-sized companies are looking to expand, they contract with professionals known as site locators who help them identify communities and sites suitable to meet the companies’ needs. It’s a sophisticated and number-driven process, but it’s also about relationships.

    To foster more awareness of the Denver Metro area and strengthen relationships, the Denver Metro Economic Development Corporation annually hosts a group of site location professionals. They tour the region, meet civic and business leaders and are briefed on the economic prospects of the Denver area and Colorado. The culminating event is a breakfast at which the site locators shared some of their thoughts. The Northern Colorado Economic Development Corporation was a host of the Metro Denver Site Selection Conference this year, and I was a guest at their table for the breakfast. Eight site locators participated.

    Among the trends and observations they shared:

    • Less expansion and more consolidation. Companies are looking at their entire facility platform and rationalizing what they have. this is being done in the context of their entire operating footprint. That means that each location is being looked at in the context of the whole.
    • There is no such thing as a ‘top 3 communities’ list for companies. It depends on the industry and is very company specific.
    • Ten years ago companies shifted into smaller sized communities, but the trend is the now back to bigger cities due to the size of the available labor market.
    • Globalization continues to be a big trend. American towns and cities are competing worldwide for capital investment and workforce requirements are much more sophisticated.
    • For many companies, the cost of power is very important.
    • In most cases community incentives are not THE deciding factor for where companies locate but they matter at the final point of decision. Access to an airport, community reputation, the quality of the workforce and a pipeline for the future workforce tend to matter more. Also important are tax burden and the ability of a company to get a facility up and running quickly. However, incentives have a big psychological impact. They are a signal of community support and intent.
    • Many communities have established ‘deal closing funds.’ This is cash used to sweeten the deal. Some small Texas communities have as much as $20 million set aside in such funds. The incentives are performance based and have ‘claw back’ provisions if a company does not meet its end of the arrangement.

    As Fort Collins is working with several existing companies that are looking to expand or consolidate, there are some salient points here to keep in mind.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Friday, September 21, 2012
    Whither the Entrepreneurs?

    According to research done by Tim Kane of the Hudson Institute, entrepreneurship in America is in decline.

    Among some of his findings:

    •  "The number of new establishments a year peaked in 2006 with 667,000.
    • That number dropped to 505,000 in 2010.
    • The number of jobs created by establishments less than one year old has decreased from 4.1 million in 1994 to 2.5 million in 2010.
    • Between the 1980s and 1990s, there were 11 startup jobs per 1,000 people.
    • The average rate for entrepreneurial job creation under the last three presidents was 11.3, 11.2, and 10.8, respectively.
    • However, during the past four years the average rate dropped to 7.8.

    Kane offers several possible explanations:

    • An unfavorable climate for entrepreneurship exists due to high taxes and uncertainty.
    • The passage of the Affordable Care Act creates a complex and uncertain regulatory environment for employers.
    • The IRS crackdown on employers’ use of independent contractors is forcing startups to pay for benefits they can’t afford.
    • The increase in mandated occupational licensing by local governments is hurting opportunities for poor and middle class Americans that want to create startups.

    You can find his report here.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Wednesday, September 19, 2012
    A Fracking Good Story

    Until recently, the Sierra Club was in favor of hydraulic fracturing ("fracking") because natural gas reduces carbon emissions. Then it realized that fracking was actually working, and it undermined their agenda of promoting ‘renewable energy’ such as wind, solar and biofuels.

    No wonder they’re alarmed. If the goal is to promote specific technologies instead of actually improving air quality and reducing carbon emissions, the success of fracking must be an unwelcome development.

    Not long ago only 20 percent of America’s energy came from natural gas. Most came from coal. Now natural gas and coal each provide about 32 percent of the fuel for power generation. Because natural gas produces 45 percent less carbon than coal, America’s CO2 emissions are the lowest in 20 years.

    Natural gas is a great bridge fuel as we transition from traditional fossil fuels to clean and renewable energy. The greater Fort Collins area is a center of research and development for clean and renewable energy technologies. But unless an unexpected technological break-through occurs, that transition will take decades. In the meantime, it happens that Northern Colorado is a major source of natural gas because of the Niobrara shale rock formation.

    My point? As you read stories and hear alarming testimony from community activists and environmentalists about fracking think critically about what they are saying and what the real agenda might be. Is it really about protecting the public and environment or are there other agendas at play?

    For more, there’s a great article by Bjørn Lomborg titled " A Fracking Good Story " at Project Syndicate.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, September 18, 2012
    Fracking, Water, Education

    Is hydraulic fracturing ("fracking") safe? Will Northern Colorado run out of water in the next 20 years? Will Colorado have the money to properly educate tomorrow’s workers?

    These questions and others will be answered at the Northern Colorado Regional Issues Summit next Wednesday morning September 26.

    Each issue in turn is important to the economy and livability of the region. For example, fracking has become an issue recently due to its use to extract oil and natural gas from the Niobrara shale rock formation that covers parts of northeast Colorado, northwest Kansas, southwest Nebraska and southeast Wyoming. The process to access the deposits is hydraulic fracturing or commonly called fracking. How does it work? What safeguards are in place? Why do some environmental groups oppose it while people like Governor Hickenlooper – a trained geologist – support it? Find out on the 26th.

    Water wars are a part of Western lore. It’s just that guns have been replaced with laws, lawyers and activists. But the numbers don’t lie: Northern Colorado doesn’t have enough water to meet demand over the next 20 years. Some claim that there is plenty of water, if we just conserve more. Experienced water managers emphatically say otherwise. Where will our water come from if projects like the expansion of the Halligan Reservoir and the construction of Glade Reservoir are blocked by no-growth activists? Find out on the 26th.

    Colorado is a net importer of talent from around the country, even the globe. That’s a good thing because due to constraints voters have built into the state constitution, it is increasingly difficult to affordably educate our own residents. Post-secondary education, in particular, has seen ever diminished financial support from state government. The irony is that so-called public universities and colleges will reach the point where they no longer receive tax support from Colorado taxpayers. How do they remain financially sustainable? Does it even matter? (Hint: it does). Find out on the 26th.

    The Regional Issues Summit will be held on the morning of September 26, 7:30 – 11:00 AM at the Embassy Suites in Loveland. It is being held in conjunction with the Northern Colorado Business Report’s Bixpo. Hosts of the Summit include the Northern Colorado Legislative Alliance (the Fort Collins, Greeley and Loveland Chambers of Commerce and the Northern Colorado Economic Development Corporation) and Leadership Northern Colorado.

    To find out more and register for the Northern Colorado Regional Issues Summit, go here.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, September 4, 2012
    Speaking Up to Keep Woodward

    With a neighborhood meeting on August 20 to discuss the development of the Link N Greens property on the northwest corner of Mulberry and Lemay, it became public that Woodward (www.woodward.com) would like to site their corporate headquarters there.

    This is a great and rare opportunity for Fort Collins. Nationally, very few of these kinds of corporate decisions are made on an annual basis. It is not a stretch to say that for a community of the size of Fort Collins these opportunities come along about once in a generation. (Think Woodward 1950s, HP 1970s, Anheuser Busch 1980s)

    From what I understand, the company is looking to make a decision this fall and there is at least one other very viable non-Fort Collins site under consideration.

    The formal process of rezoning the land begins with a special hearing of the City Planning & Zoning Board on Thursday evening September 13. The meeting will be in the Council Chambers at City Hall, 300 LaPorte Avenue beginning at 6:00 PM.

    If you want to show your support for retaining Woodward in Fort Collins, this would be a great time to do so. Simply show up and make a few comments in support of the project. You don’t need to make a long speech; 15-45 seconds would suffice.

    Questions? Feel free to give me a call at 970 482-3751 x 102 or Ann Hutchison at extension 107.

    Posted by: David May @ 12:00:00 am  Comments (1)Read More»»
    Tuesday, August 28, 2012
    Note to City: Keep Companies in Fort Collins

    What role should the community have in retaining primary employers? Should the government have a role in trying to keep such employers and should taxpayer money be used?

    These kinds of questions are being raised regularly now in Fort Collins. The ‘Great Recession of 2008’ had the effect of making businesses reexamine all of their operating assumptions. That includes reviewing their facilities and the costs of operating them in specific locales.

    I personally know of four key, longstanding Fort Collins employers that are looking to expand or that we are at risk of losing due to corporate facility consolidations. The Chamber, the Northern Colorado Economic Development Corporation and the City of Fort Collins are working together to try to keep them here.

    Wanting to retain these companies should be a no-brainer, but a few no-growth citizens are worried about the possibility that the city government might offer incentives. Having worked in the chamber / economic development world for three decades, I have seen some states and communities do incentives wrong. But, there is a right way to offer them that is mutually beneficial to the company and the community.

    Following is a starter checklist of questions to guide such discussions.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, August 21, 2012
    City Council Candidates Wanted
    Posted by: David May @ 9:00:00 am  Comments (0)Read More»»
    Tuesday, August 14, 2012
    Mason Corridor: Boon or Boondoggle?
    Posted by: David May @ 2:00:00 pm  Comments (0)Read More»»
    Tuesday, July 31, 2012
    Where Will Fort Collins Jobs Come From?

    Where will the jobs come from? As American workers struggle to recover from the Great Recession, they aren’t alone. According to Gallup polling, the number 1 issue on the minds of people everywhere in the world is a good paying job.

    As I mentioned last week, in his recent book, The Coming Jobs War, Gallup Chairman Jim Clifton says that there 3 billion people on the globe looking for a good job and there are only1.2 billion such jobs available. The 1.8 billion jobs shortfall is a ticking time bomb. He contends that creating jobs is Job #1 for all public and community leaders.

    In that spirit, the Fort Collins region is focused on creating jobs, which is the topic of a Chamber event on August 9 called "The Future of Jobs." Sessions include: Primary Employer Trends in Larimer County; An Economic Roadmap for the City of Fort Collins; What Kinds of Companies are Looking at Northern Colorado; and How We are Growing Our Own Companies.

    If you’re interested in the economic future of the community, development insights, and career insights, this is a must session to attend.

    You can learn more and make reservations here.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, July 24, 2012
    The Future of Jobs in Fort Collins

    First, a book recommendation: Consider reading The Coming Jobs War by Jim Clifton. The author is the Chairman of Gallup, the international polling firm. His back contention is that the number one issue on the minds of the vast majority of people on the planet is having a good paying job. The rub is that there are 3 billion people wanting those jobs but only 1.2 billion full-time, formal jobs in the world.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, July 17, 2012
    Visit Businesses Around Mason Street Corridor Downtown
    Posted by: David May @ 11:15:00 am  Comments (0)Read More»»
    Monday, July 9, 2012
    Helping Business Recover from the High Park Fire

    The High Park Fire is out and the recovery is underway. One of the unknowns is how many businesses were impacted by the fire. When comparing notes recently with a Larimer County official, we speculated that dozens of businesses - many of them home-based - were destroyed or damaged by the fire. But, nobody knows the exact number or even a good approximate number.

    If you or someone you know lost their business, let us know. Email me at davidmay@fcchamber.org or call 970 482-3751 x 102.

    In terms of available resources for businesspeople, the U.S. Small Business Administration is a good place to start. The SBA has a number of disaster and economic injury loans available. According to their site, www.sba.gov some of the programs include:

    • Home and Property Disaster Loans
      Renters and homeowners alike may borrow up to $40,000 to repair or replace clothing, furniture, cars, appliances, etc. damaged or destroyed in the disaster. Homeowners may apply for up to $200,000 to repair or replace their primary residence to its pre-disaster condition.

    • Disaster Assistance Loans
      SBA provides low interest disaster loans to homeowners, renters, businesses of all sizes and private, nonprofit organizations to repair or replace real estate, personal property, machinery & equipment, inventory and business assets that have been damaged or destroyed in a declared disaster.

    • Economic Injury Loans
      If your small business or private, nonprofit organization has suffered economic injury, regardless of physical damage, and is located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration.

    • Military Reservist Economic Injury Disaster Loan
      Provides funds to eligible small businesses to meet their ordinary and necessary operating expenses that they were unable to meet due to an essential employee being "called-up" to active duty in their role as a military reservist.

    • Farm Emergency Loans
      Offers emergency loans to help producers recover from production and physical losses due to drought, flooding, other natural disasters, or quarantine.

    We'd like to help businesses get back on their feet as soon as possible, so contact us if you lost your company or know of someone who did.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, July 3, 2012
    We Take Care of Each Other

    “We take care of each other.”

    Dr. Hank Gardner of Colorado State University shared that thought with me during a conversation last week about the High Park Fire. He’s right, of course. If there is anything positive about a fire that burned 88,000 acres and 260 homes it would be how the community rallied together in crisis.

    (This is David May's July 1, 2012 Column as it was submitted to the Coloradoan)

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, June 26, 2012
    Crowdfunding Seminar This Friday

    "Crowdfunding" is a relatively new term that describes the ability of small investors to pool financial resources to invest in an enterprise and is enabled by the internet. Crowdfunding was part of the JOBS Act, which President Obama signed into law in April.

    U.S. Senator Michael Bennet was a key proponent of the crowdfunding provision. Senator Bennet is holding a seminar on crowdfunding at the Rocky Mountain Innosphere, 320 East Vine Drive in Fort Collins, this Friday, June 29, 10:30 a.m. - 12:30 p.m.

    The Chamber is partnering with Senator Bennet's office to put on the seminar and encourages interested members to attend. Space is limited so make a reservation by calling 970 224-2200.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Tuesday, June 19, 2012
    Colorado #2 in Innovation & Entrepreneurship

    Economic growth and prosperity are driven by innovation. Based on a new report titled "Enterprising States: Policies that Produce," Colorado is one of the top 10 states for entrepreneurship and innovation. Colorado also ranks 8th as a 'future boom state.'

    Researchers looked at 33 state performance criteria in the categories of economic performance, exports, innovation and entrepreneurship, taxes and regulations, talent pipeline and infrastructure. Here's how Colorado ranked in some of the areas:

    #2 high-tech share of all businesses
    #3 business birth rate
    #4 entrepreneurial activity
    #5 STEM (science, technology, engineering, math) job concentration
    #7 median family income
    #8 bridge quality
    #8 educational attainment
    #8 high school advanced placement intensity
    #9 short-term job growth
    #9 small business survival index
    #15 broadband provider availability
    #15 road quality
    #16 business tax climate
    #16 higher-ed degree output
    #16 long-term job growth
    #18 economic output per job
    #19 academic research and development intensity
    #24 productivity growth

    You can find the full report here.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
    Monday, June 11, 2012
    High Park Fire and How You Can Help

    At the time of this posting the High Park Fire west of Fort Collins has burned over 37,000 acres, and there is no containment in sight according to public safety officials.

    To keep up on what is going on visit the Fort Collins Coloradoan, North Forty News, Larimer County and the incident website.

    What can you do to help? Consider making a donation. Here are a few ideas:

    • The Red Cross is determining the specific needs of people displaced by the fire. They indicate that the biggest way people can help is with financial donations. Call 1-800-REDCROSS or visit www.coloradoredcross.org/donate.
    • Ditto for the Salvation Army. They need financial donations, which can be made through Salvation Army's website www.salvationarmyfortcollins.org, in person or by mail 3901 So. Mason Street or by calling 970 207-4472.
    • The Larimer Humane Society has a wish list of need, which you can find of the Coloradoan website and the Humane Society's site, www.larimerhumane.org.
    • For information on volunteering call United Way of Larimer County at 211 or 970 406-7066.

    This is a very difficult time for many people. Thanks for help you.

    Posted by: David May @ 12:00:00 am  Comments (0)Read More»»
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