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Colorado - WED. 03/29/17
A Free Business Publication from Alpine Bank
 
 
COLORADO INCREASES SOLAR JOBS BY 20 PERCENT
 
 
 

Colorado added 1,006 new solar jobs in 2016, a 20 percent jump over 2015. The national average for solar job growth was 25 percent. Colorado now has just over 6,000 solar jobs, placing the state in tenth place for the most solar jobs in the U.S. California leads the nation with 100,050 solar jobs, according to a report by the Solar Foundation. About half of those employed in Colorado's solar industry are involved with installation.

 
- Denver Post, 03.28.17
 
$26.8B PROPOSED STATE BUDGET
 
 
 

Colorado lawmakers Monday introduced a $26.8 billion state budget bill. The spending measure covers Fiscal Year 2018 which begins July 1 and represents a 4 percent increase over the current budget. Colorado lawmakers are required to present a balanced budget and the Joint Budget Committee had to find ways to overcome a $400 million shortfall in revenue versus expenditures. One way the JBC reached the balanced budget was by eliminating TABOR refunds in 2018. Lawmakers are working on a ballot question about a statewide sales tax increase for transportation to provide additional funding for road and bridge repairs.

 
- Denver Post, 03.28.17
 
SPACEX MISSION: ANOTHER FIRST
 
 
 

Elon Musk's SpaceX is seeking to make history again this week, when it will blast a rocket into space on Thursday from Florida's Kennedy Space Center using nine refurbished main engines in the lower stage. The first-of-its-kind mission is intended to demonstrate the viability of "flight-proven" hardware, marking the transition to reusable rockets and opening the potential for frequent, inexpensive flights to orbit and beyond.

 
- Wall Street Journal, 03.28.17
 
BLM COMPLETES WEXNER- SUTEY RANCH EXCHANGE
 
 
 

Shonna Dooman, acting field manager of the Colorado River Valley Field Office of the Bureau of Land Management announced Monday the BLM finalized the land exchange with Leslie and Abigail Wexner giving the BLM the 557-acre Sutey Ranch north of Carbondale and the 112-acre Haines Parcel along Prince Creek and the Wexners three parcels totaling 1,268 acres adjacent to their ranch south of Carbondale. The finalization of the exchange followed the announcement of the decision by the Interior Board of Land Appeals Monday in favor of the exchange.

 
- GS Post-Independent, 03.28.17
 
ASPEN COUNCIL TABLES NEW GORSUCH PROPOSAL
 
 
 

The Aspen City Council Monday heard another three hours of comment on the revised proposal from developer Norway Island LLC for the Gorsuch Haus, a 67-room hotel project at the base of Aspen Mountain. The council decided to postpone a decision on the project. The latest proposal is for 84,550 square feet, a reduction of 18,000 square feet from earlier renditions. The proposal divides the hotel and ancillary service into two separate structures and room sizes were dropped by about 100 square feet each.

 
- Aspen Daily News, 03.28.17
 
PRES. TRUMP REVERSES BLM PLANNING 2.0
 
 
 

President Trump Monday signed a congressional resolution to undo what was referred to as the Planning 2.0 rule of the Bureau of Land Management. The rule was created in the Obama administration and was designed to update and streamline the BLM planning regulations for developing local resource management plans. The measure had been opposed by the Mesa County commissioners and the Garfield County commissioners had joined five other Western counties and a soil conservation district in suing in court to challenge it.

 
- GJ Daily Sentinel, 03.28.17
 
WANT THAT LAST RUSH OF SPRING SKIING? TRY TELLURIDE
 
 
 

Last week, Telluride Ski Resort had the best in spring snow storms. Telski reported the ski area had 19 inches of snow from early Thursday to early Friday, with 10 inches overnight, but on Friday most of the day was blue skies and sunshine. The National Weather Service in Grand Junction has a Winter Weather Advisory in effect until noon Wednesday for areas in Telluride, Silverton and Rico above 9,000 feet, with another 8 to 14 inches of snow possible.

 
- Telluride Daily Planet, 03.27.17
 
VALLEY FLOOR: 10TH ANNIVERSARY CELEBRATION
 
 
 

On May 9, 2007, the Valley Floor Preservation Partners (VFPP), the nonprofit formed to raise $50 million for the purchase of the 570-acre Valley Floor property, the gateway to Telluride, completed its efforts to raise $50 million and the day was officially declared "Valley Floor Day." This year, in celebration of the 10th anniversary of the fundraising feat and purchase of the Valley Floor, VFPP is hosting a series of events in Telluride and on the Valley Floor from June 1-3.

 
- Telluride Daily Planet, 03.27.17
 
GO TO PASTORIUS RESERVOIR AND FISH FOR A "NEW" TROUT
 
 
 

Colorado Parks and Wildlife has stocked Pastorius Reservoir, the reservoir southeast of Durango, with 800 rainbow trout of a new strain. The trout are easily identified because the small adipose fin on the backs of the fish has been clipped off, a process that causes no harm to the fish, according to CPW. CPW is requesting anyone catching the new strain of trout at the reservoir complete a short survey with their smartphones when they get done fishing.

 
- Denver Post, 03.28.17
 
COPPER ANNOUNCES SUMMER CONSTRUCTION
 
 
 

The U.S. Forest Service recently announced its final approval of the expansion and upgrades of summer and winter activities for Copper Mountain Resort and now, resort officials have outlined the new infrastructure improvements that will be completed this summer. Included in the summer projects at Copper are: the replacement of the Kokomo chairlift with a longer, high-speed chair, installing new gate-access pass scanners and the Rocky Mountain Coaster, a new alpine coaster that will be built on the west side of the American Flyer chairlift.

 
- Summit Daily, 03.28.17
 
RECORD YEAR FOR THE SUPER RICH
 
 
 

Forbes recorded a record number of billionaires in its 2017 listing of the world's richest people:

  • The number of billionaires increased to 2,043 from 1,810 last year, a 13 percent increase
  • It was the first time in the 31 years that Forbes has been tracking billionaires that the number topped 2,000
  • Their total net worth rose by 18 percent to $7.67 trillion, also a record
  • There were 195 newcomers: China had the most 76; the U.S. second with 25
  • U.S. continues to have the most billionaires, with a record 565
 
- Forbes.com, 03.23.17
 
ELECTRIC VEHICLE SALES EVENT
 
 
 

The Electric Vehicle Sales EVent: REV Up Your Ride is a three-month campaign to drive up purchases of electric vehicles. For the sales event, running from April 1 to June 30, four auto dealerships are offering discounts on seven models of electric vehicles. Participating dealers are Audi Glenwood Springs, Mountain Chevrolet of Glenwood Springs, Co’s BMW Center of Loveland, and Boulder Nissan. For a limited time, the dealers will be offering discounts on plug-in electric and gasoline hybrids and on plug-in all-electric vehicles. The discounts can be combined with the state of Colorado’s $5,000 tax credit and a federal tax credit of up to $7,500 to significantly drive down the cost of a lease or purchase. The Electric Vehicle Sales Event is led by Refuel Colorado, which is a program of the Colorado Energy Office, and Garfield Clean Energy. CLEER is organizing and managing the effort. Find more information at GarfieldCleanEnergy.org.

 
- Garfield Clean Energy, 03.10.17
 
DAV COMMANDER PRESENTATION
 
 
 

David Riley, National Commander of Disabled American Veterans will be giving a presentation Thursday, March 30, at the Glenwood Springs High School. David is the first quadruple amputee veteran to become the National Commander of DAV. His inspirational life story is part of his presentation. Hors d'oeuvres will be provided by the Brew Pub and will be served from 5 to 6 p.m. followed by the presentation. For more information, call 970-989-0084.

 
- Disabled American Veterans
 
LPEA INFORMATIONAL WORKSHOP
 
 
 

To provide members of La Plata Electric Association (LPEA) with insight into the opportunities and challenges of integrating renewable/distributed electricity generation into LPEA’s resource mix, the cooperative will host a special information session, Thursday, April 13, 5 to 7 p.m. at LPEA’s Durango headquarters, 45 Stewart St. (Bodo Park). Reservations required. To reserve a seat at the workshop, RSVP to Sue Maxwell, 970-382-7170 or smaxwell@lpea.coop.

 
- La Plata Electric Association
 
COMMUNITY PLAY READING IN FRUITA
 
 
 

The Zephyr Stage and Lithic Press Bookstore in Fruita present a community reading and discussion of the play "Speak Truth to Power: Voices from Beyond the Dark" by award-winning playwright Ariel Dorfman. The play is based on the book, Speak Truth to Power: Human Rights Defenders Who are Changing Our World by Kerry Kennedy, a human rights activist, the daughter of the late Robert F. Kennedy. The discussion portion of the event, led by Valerie Haugen Nuzzo, executive artistic director of the Zephyr Stage, will include an examination of how the play could be moved from the page to the stage. The event takes place at the Lithic Press Bookstore. For more information, call 970-309-4828.

 
- Lithic Bookstore & Gallery
 
DURANGO VOICE FUNDRAISER APRIL 1
 
 
 
The 2nd Annual Durango Voice, a fundraiser for Manna, is back with the Finals Competition on Saturday, April 1. The event takes place at The Strater Theatre. The doors open at 6:30, and the show starts at 7 p.m. Tickets are available online at www.henrystratertheatre.tix.com. Proceeds from The Durango Voice support the efforts and mission of Manna Soup Kitchen. For more information about this event or Manna, visit www.mannasoupkitchen.org.     
 

 

 
- Henry Strater Theatre
 
ALPINE BANK E-WASTE RECYCLING: NEW LOCATION
 
 
 

Do you have electronic waste that you don’t know what to do with, maybe we can help. In celebration of Earth Day, Alpine Bank, along with the Town of Ridgway, is hosting an E-Waste Recycle Event in Ridgway on Saturday, April 22 from 10 a.m. to 2 p.m. Bring monitors, laptops, desktops, keyboards, printers, copiers, audio & visual equipment, TVs, cell phones and cables & accessories to the athletic fields on Chipeta Drive & County Road 23. Because of the complex recycling process, expect to pay a small recycling fee per item. Alpine Bank will cover up to $10 of the recycling cost for each person or business. For more information, call 970-626-4100.

 
- Alpine Bank
 
VOTE FOR DURANGO'S HUMANE SOCIETY
 
 
 

The La Plata County Humane Society has been selected as a top five finalist for Animal Planet's Pet Nation Renovation. Support the LPCHS by casting your vote at the link below. Voting continues through Sunday, April 2, 11:59 p.m. EST.

 
- Animal Planet Pet Nation Renovation
 
LINEUP FOR SEMINARS AT STEAMBOAT
 
 
 

The 15th annual Seminars at Steamboat summer presentations kick off July 10 with Kathleen Hall Jamieson, founder of factcheck.org, who will present, "Fact Checking, Fake News and the Roles of the Press. July 24, former British Labour politician Douglas Alexander will present "Brexit: What Lies Ahead for Britain and Europe." Northwestern University professor Robert Gordon's seminar on July 31 is "Growth and the Economy: Where is it Headed?" and Marcia Coyle will present an overview of the Supreme Court, "The Nation's Highest Court: On the Cusp of Change," on Aug. 7. The series will conclude Aug. 14 with a presentation on climate change and biodiversity by Elizabeth Kolbert. All seminars will take place at the Strings Music Pavilion at 5:30 p.m. Visit online at www.seminarsatsteamboat.org for more information.

 
- Seminars at Steamboat
 
SUMMIT COUNTY DUCKS UNLIMITED DINNER
 
 
 

The annual fundraising dinner for wetlands conservation takes place Friday, April 7, beginning at 5 p.m. at the Summit County Community Center and Senior Center in Frisco. The event, hosted by Summit County Ducks Unlimited, includes raffles, auctions, games, and a buffet dinner with bottomless wine and beer glasses. Win a trip to Cabo! Call 970-406-8276 for more information.

 
- Ducks Unlimited
 
 
 
MARKET UPDATE - 03/28/2017 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
20550.98
 
-45.74
 
S&P 500
 
2341.59
 
-2.39
 
NASDAQ
 
5840.37
 
+11.63
 
10-year Treasury yield
 
2.38
 
-0.01
 
Gold (CME)
 
1255.40
 
+7.20
 
Silver (CME)
 
18.08
 
+0.36
 
Oil (NY Merc)
 
47.73
 
-0.24
 
Natural Gas ($/MMBtu)
 
3.05
 
-0.02
 
Cattle (CME)
 
121.07
 
-1.02
 
Prime Rate
 
4.00
 
NC
 
Euro (per U.S. dollar)
 
0.92
 
NC
 
Canadian dollar (per U.S. dollar)
 
1.33
 
NC
 
Mexican peso (per U.S. dollar)
 
18.88
 
+0.07
 
30-year fixed mortgage rate (Freddie Mac 03/23/2017)
 
4.23
 
-0.07
 
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