Colorado - TUE. 09/14/21 A Free Business Publication from Alpine Bank Print Version Print View Online Webpage
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APPLE HAS FIX FOR SECURITY FLAW

 
 
 

Apple Inc. acknowledged there was a software problem for iPhones using iMessage, the company's messaging software. The software vulnerability has been exploited by an Israeli cybersecurity firm since February. On Monday, Apple said there was security updated to fix the problem and users were advised to update their iOS operating systems. The update is identified as iOS14.8 or iPadOS14.8. On Macs, the software update can be found under System Preferences. The newest version is MacOS Big Sur 11.6.

 
- Wall Street Journal, 09.14.21
 

NICHOLAS MAKES LANDFALL AS CATEGORY 1 HURRICANE

 
 
 

Nicholas made landfall early this morning in Texas about 10 miles west-southwest of Sargent Beach, as a Category 1 hurricane, bringing very heavy rain and a storm surge of more than five feet. Although it was reduced to a Tropical Storm once it was on shore, forecasters anticipate heavy rain, as much as 12 inches or more, from Houston to southwest Louisiana. As of early Tuesday morning, there were 300,000 households without power in Texas. Both Texas and Louisiana have declared states of emergency in advance of the arrival of Nicholas.

 
- CNN.com, 09.14.21
 

HURRICANE IDA, OTHER OUTAGES, CAUSE REDUCTION IN WORLD OIL OUTLOOK

 
 
 

Offshore oil production facilities in the Gulf of Mexico have been very slow to restart after the outages due to Hurricane Ida. Those shortages, combined with fires at oil facilities in Mexico and Russia, along with operational problems in Nigeria and Libya took more than 600,000 barrels a day of global production out of action in August. The International Energy Agency said Tuesday the shortages would continue through the end of the year and it cut its supply forecast for 2021 by 150,000 barrels a day. It also cut its demand forecast by 100,000 barrels a day, citing the impact of the Delta variant of COVID-19.

 
- Wall Street Journal, 09.14.21
 

BASALT'S ECONOMY CONTINUES TO BOOM

 
 
 

Basalt had a remarkable rebound last year, with sales tax revenues in 2020 hitting a record level. This year is even better. Sales in July were up 24 percent compared to what was a very strong July last year. The town collected $888,767 in sales tax revenue in July. That was a record for July. For the year-to-date through July, sales are up 18.7 percent in 2021 compared with last year’s previous record. The town has taken in $5.69 million in sales tax revenue so far this year. That compares to $4.8 million collected at the same point last year. Sales tax collections at this point in 2019 were $4.19 million.

 
- Aspen Times, 09.14.21
 

USFS PUTS HOLD ON LOGGING ON GRAND MESA TRAIL SYSTEM

 
 
 

The U.S. Forest Service has delayed a planned logging project on part of the Grand Mesa Nordic Council trail system. The project of Montrose Forest Products was originally planned to use logging trucks on Scales Lake Road until Dec. 23 this year. Now, the project is delayed until February and March of 2023. The Scales Lake Road is a main artery of the Nordic trail system and it opens earlier for Nordic skiing because it is smooth and is useable with lower snowfall levels. By delaying until February and March, there will be more snow for other routes that can be used as alternatives to the Scales Lake Road.

 
- GJ Daily Sentinel, 09.14.21
 

GOVERNOR'S CUP WINE COLLECTION

 
 
 

The Colorado Wine Industry Development Board has completed the selection process for the 2021 Governor's Wine Collection. A board of sommeliers, chefs, writers and wine experts from around the country judged 279 wine submissions from 41 Colorado wineries to select the 14 Colorado wines designated as the 2021 Governor's Wine Collection. The Best of Show winner will be officially announced Nov. 5 during the annual Colorado UnCorked Event at The History Colorado Center. This event will be the first and only opportunity for the public to try all of the award-winning wines at the same time. Of the 14 wines selected, half were from Western Slope wineries. Information on the judges and wines can be found at coloradowine.com/governors-cup.

 
- GJ Daily Sentinel, 09.14.21
 

CHANGE IN DURANGO TOURISM: FEWER IN SUMMER, MORE IN "SHOULDER SEASON"

 
 
 

When people started traveling again last year after being sheltered at home during the pandemic, Durango tourism numbers soared. During the summer of 2020, Durango recorded more than 739,393 unique visitors to La Plata County, according to Visit Durango. Numbers were down this summer, with 525,878 unique visitors. Since 2019 through 2021, peak visitor numbers were down 24 percent. However, the number of off-peak (October-April) visitors increased 13 percent. Off-peak visitor numbers from October 2020 to April 2021 totaled 607,072. The number of visitors for the off-peak season the previous year totaled 467,944.

 
- Durango Herald, 09.14.21
 

A REMINDER: U.S. 550 OVER RED MOUNTAIN PASS IS CLOSED DURING THE DAY

 
 
 

The Colorado Dept. of Transportation reminds motorists that there will be weekday closures in place on U.S. Hwy. 550 between Silverton and Ouray over Red Mountain Pass. The closures are in place between Sept. 13 and Sept. 24. The specific closure point is between milepost 87 at Crystal Lake and Ironton Park, and milepost 92, just south of Ouray. The closures are generally 8:30 a.m. to noon and 1 – 5:30 p.m., with the road open from noon to 1 p.m. The closures are for a power line reconstruction project by the San Juan Power Association which involves helicopter operations.

 
- Durango Herald, 09.14.21
 

AVON TOWN SURVEY HAS GREAT RESPONSE

 
 
 

The town of Avon surveyed residents over the summer to help direct planning efforts of the town. The response was overwhelming, with the town receiving more than 900 completed surveys. That is nearly three times as many as similar community surveys conducted in 2015 and 2018. There was strong support for the town to implement the Climate Action Plan, support for electric vehicles and e-bikes, a desire for the town to prioritize investments in community housing, overall satisfaction of local police, satisfaction with Nottingham Park, support for full-service restrooms as well as a continuation of the current open container rules at Nottingham Park. The greatest concern from respondents was about affordable housing.

 
- www.vaildaily.com, 09.14.21
 

EAGLE CO. REAL ESTATE MARKET: $2.1B IN SALES IN FIRST 7 MONTHS OF 2021

 
 
 

The Land Title Guarantee Company released its latest summary of real estate transactions in Eagle County, which showed the total dollar volume of real estate sales transactions in the county through July 31 was $2.1 billion. Comparing that to the pre-pandemic year, the sales volume for the entire year of 2019 was just $2.3 billion. The average Eagle County real estate transaction price through July 31 was $1.388 million. The median real estate transaction price was $750,000 for the same period.

 
- www.vaildaily.com, 09.14.21
 

ANOTHER LOOK AT AFFORDABLE TRAVEL DESTINATIONS

 
 
 

Online airport parking platform ParkSleepFly ranked the most affordable choices out of 51 U.S. destinations for vacationers, weighing six metrics ranging from the average price of a beer to the typical cost of a night’s accommodations:

  1. Oklahoma City, Oklahoma
  2. Indianapolis, Indiana
  3. Tucson, Arizona
  4. Memphis, Tennessee
  5. San Antonio, Texas
  6. Houston, Texas
  7. Fort Worth, Texas
  8. Louisville, Kentucky
  9. Orlando, Florida
  10. Raleigh, North Carolina
 
- CNBC.com, 09.12.21
 

ALPINE BANK LOVES EDUCATORS!

 
 
 

Are you a teacher in La Plata, Montrose, San Miguel, Ouray, Routt, Eagle or Delta Counties? Alpine Bank will reimburse teachers for school supplies for their classrooms, up to $200, before Nov. 1, 2021! Teachers, save your receipts from Aug. 1, 2021 through Nov. 1, 2021, to be eligible. To be reimbursed, please have an existing account or open a new account with Alpine Bank. And, be currently employed as a teacher in one of the participating counties above.​ Reimbursement will be made within two weeks of presentation of valid receipts. Learn more about how Alpine Bank loves teachers and how to get reimbursed at the link below.

 
- Alpine Bank
 

EMPLOYMENT LAW SEMINAR OCT. 6 IN GLENWOOD SPRINGS

 
 
 

Navigating employment law has never been more challenging. How do you know which ones directly impact you and the steps you should be taking to protect and compliance-proof your organization? Get answers and guidance from attorney Michael Santo, along with key insights from ASAP CEO Diana Murray, during this Employment Law Seminar on Wednesday, Oct 6 in Glenwood Springs. Topics will include HFWA Paid Leave, Equal Pay for Equal Work Act, CO Overtime & Minimum Pay Standards (COMPS), vaccine mandates, unemployment fraud and more (bring your questions!). Don't miss this one-day, content-filled, tactical seminar for HR managers, business owners and management teams. Only $65 per person and it includes lunch. Space is limited so register today at the link below, or call 877-728-6777 for more information.

 
- ASAP Accounting & Payroll
 

WILD AND SCENIC FILM FESTIVAL

 
 
 

The Wild and Scenic Film Festival, Friday, Sept. 17, 6:30 to 9 p.m., is Middle Colorado Watershed Council's flagship annual fundraising event. The format of this year's event is hybrid: on-lawn or online. The on-lawn option takes place at the recently-completed "River Stop" Interpretive Center at the I-70 Rifle rest area (near Lions Pond). The online viewing option allows you to participate from home! The films begin at 7 p.m. In addition to a new lineup of films, there are great raffle items (in-person only)! This event is a fun and family friendly way to support the Middle Colorado Watershed Council and all the organization's projects from Glenwood Springs to De Beque. For more information, call 970-625-1829 or visit the link below.

 
- Middle Colorado Watershed Council
 

GET OUTDOORSY RESPONSIBILY

 
 
 

The Outdoorsy Outpost, in partnership with Durango Trails, San Juan Mountains Assoc., Mountain Studies Institute, and Visit Durango, will host the Get Outdoorsy Responsibly event on Thursday, Sept. 16, 5 to 8 p.m. at 934 Main Ave., Unit B, in Durango. The event features appetizers, beer and wine, with live music by Tyler Kelly and Ellie Ferguson.

 
- Outdoorsy Outpost
 

AVLT OPEN HOUSE AT COFFMAN RANCH SEPT. 19

 
 
 

The Aspen Valley Land Trust completed its acquisition of the 141-acre Coffman Ranch located 1.5 miles east of Carbondale on the Roaring Fork River. AVLT plans to maintain the land as a working ranch and will establish an agriculture and conservation education center onsite. AVLT will launch a $7 million capital campaign to support conservation and public access to the ranch. There will be an open house at the ranch from noon to 4 p.m. on Sunday, Sept. 19. RSVP at the link below. For more information, call ​970-963-8440.

 
- Aspen Valley Land Trust
 

MINING & RECLAMATION CONFERENCE IN TELLURIDE

 
 
 

Diverse speakers and topics will span the breadth of considerations about mine reclamation, waste management and water protection at the 11th annual San Juan Mining & Reclamation Conference (SJMRC) in Telluride on Sept. 22-24. Watershed nonprofits from around the San Juan Mountains will gather scientists, artists, communicators, and community leaders to consider the intersection of mining and reclamation with arts and humanities. Hybrid ticket options for online presentations are available, while all receptions and tours are outside, and additional precautions will be taken during the event to limit the spread of COVID-19. Conference registration is available at the link below.

 
- Mountain Studies Institute
 

PEDAL FOR PREVENTION VIRTUAL RIDE

 
 
 

Mind Springs Foundation's second annual “Pedal for Prevention” Virtual Ride takes place Sept. 25-26. Join this “virtual” bike ride, walk, run – whatever your favorite activity may be – and help raise awareness (and funds!) during Suicide Prevention Awareness Month in September. Support your community when they may need you the most. Many people are feeling uncertain and helpless during this unprecedented time. Others may be asking, “What can I do to help?” This is our opportunity to be pro-active, take action and help Save Lives. To learn more, visit the link below.

 
- Mind Springs Foundation
 

WESTERN COLORADO ECONOMIC SUMMIT RETURNS SEPT. 30

 
 
 

The Western Colorado Economic Summit returns in person on Thursday, Sept. 30, 2021. The event, which sold out in its last two years, has moved to the Grand Junction Convention Center to accommodate a larger audience. Registration is now open at westcoeconomicsummit.com.

 
- Grand Junction Economic Partnership
 

VETERAN SUICIDE PREVENTION MONTH FUNDRAISER IN GJ

 
 
 

September is Veteran Suicide Prevention Month and Volley’s in Grand Junction is holding a fundraiser, "Reach Out," with the Student Veterans Assoc. and Colorado Mesa University. The fundraiser takes place Saturday, Sept. 18, beginning at 10 a.m. at Volley's, 1130 North Third St. Ten community co-ed teams made up of six players are needed. The teams are guaranteed three games. For more information, call 970-393-6379 or email Rainy.Reaman@va.gov.

 
- VA Western Colorado Health Care System
 

SUBMIT YOUR HIGH-PRIORITY STEWARDSHIP PROJECTS

 
 
 

Volunteers for Outdoor Colorado (VOC) is accepting project applications for its 2022 field season. Each year, VOC manages volunteers in building and maintaining trails; developing and maintaining other recreational infrastructure; seeding, planting, and erosion control tasks; habitat restoration efforts including noxious weed management and fence removal; and the deployment of crosscut and chainsaw crews. Land management agencies and other organizations are encouraged to submit their high-priority stewardship needs by Sept. 15 at the link below.

 
- Volunteers for Outdoor Colorado
 
 
 
 
 
 
 
 
MARKET UPDATE - 09/13/2021 Close
 
(Courtesy of Alpine Bank Wealth Management*)
 
 
Close
Change
Dow Jones Industrials
 
34869.63
 
+261.91
 
S&P 500
 
4468.73
 
+10.15
 
NASDAQ
 
15105.58
 
-9.91
 
10-year Treasury yield
 
1.32
 
-0.02
 
Gold (CME)
 
1792.00
 
+2.40
 
Silver (CME)
 
23.75
 
-0.10
 
Oil (NY Merc)
 
70.45
 
+0.73
 
Natural Gas ($/MMBtu)
 
5.23
 
+0.30
 
Cattle (CME)
 
122.27
 
-1.15
 
Prime Rate
 
3.25
 
NC
 
Euro (per U.S. dollar)
 
0.84
 
NC
 
Canadian dollar (per U.S. dollar)
 
1.26
 
NC
 
Mexican peso (per U.S. dollar)
 
19.87
 
-0.02
 
30-year fixed mortgage rate (Freddie Mac 09/09/2021)
 
2.88
 
+0.01
 
*Not FDIC insured. May lose value. Not guaranteed by the bank.
 
 
 
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Alpine Bank is an employee-owned Colorado bank chartered in 1973. With 40 locations across Colorado, Alpine Bank offers a full suite of banking services. The Class B nonvoting common shares of Alpine Banks of Colorado, Alpine Bank’s parent holding company, trade on the OTCQX under the symbol “ALPIB".
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