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10/01/2024 Colorado EO Commission Meeting Agenda (In-person)
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Colorado Office of Economic Development and International Trade (OEDIT) Colorado Employee Ownership Office logo                Current Commission Members

EMPLOYEE OWNERSHIP COMMISSION MEETING (In-person)

October 01, 2024

Online via Zoom 

12:00PM—1:30PM MT

AGENDA

  1. 12:00PM, Welcome, K. Siggins
  2. 12:03PM, Regular Business, K. Siggins
  1. Approval of September 10, 2024 Meeting Minutes
  1. Motion to approve by __________, seconded by __________, __________ were opposed.
  1. EOC CY24 Strategic Plan check in
  1. EO Month event update (rsvp here)
  2. HB24-1157 activation update
  1. 12:10PM, Guest Speaker, D. Mousetis
  1. Guest Speaker: Drew Mousetis, Executive Director of Tandem Center for Shared Business Success
  2. Topic & Discussion: Direct Employee Ownership – An Alternative to an ESOP
  3. Agenda Items:
  1. Welcome and intros
  2. Overview of agenda and objectives
  3. Overview of Cargas Systems, from inception in 1988 to today with over 160 direct employee-owners
  4. Discussion of the Direct Employee Ownership Model & How it Works
  5. Introduction of Tandem, a new non-profit organization focused on awareness, education, and implementation of the direct employee ownership model
  6. Q&A
  1. 1:00 PM, Partner & Staff Reports, T. Watkins
  1. CO EO Office Monthly Update
  1. Legislative Update
  1. In active coordination with the Governor's team about the next legislative session. The Governor’s budget will be published publicly on November 1. We will have more information to share publicly in the coming weeks.
  2. HB24-1157, Employee-Owned Business Office & Income Tax Credit Program page copy is completed, pending posting on the OEDIT webpages. The first tax year for eligible expenses is 2025. There is a google form to capture potential applicants' contact information.
  1. SalesForce program application portal has been relaunched and is now live. EOTC was recently migrated. Please reach out to M. Licina if you are aware of any issues with applicants.
  1. CCS Update:
  1. Recent activity in the bonding space has come up again. We are working to support the advancement of a bonding CCS use case for a LOC. Thanks for your continued support, D. Dell!
  1. Outreach and Conversions Update:
  1. Still tracking outreach and conversions - please report them out or add directly to tracking sheets.
  1. Other Data Tracked
  1. Data is not being reported out at this meeting because of the short time between this meeting and the meeting last month. If you have any questions or concerns, please contact M. Licina.
  1. Events
  1. Recently Executed
  1. 09/12-09/14/2024,  2024 Worker Co-op Conference, Chicago, IL.
  2. 09/19/2024, EDA Alliance Summit, Durango, CO. Presentation confirmed with esteemed panelists: K. Siggins, K. Oyler, and an SBDC Consultant who is an expert in exit planning.
  1. Employee Ownership is the only panel that was featured twice during the program as it is expected to be at full capacity.
  1. 09/20/2024 Durango Employee Ownership Meet & Greet at Steamworks.
  2. 09/23/2024 Lessons on Worker Ownership from the Main Street Phoenix Project Webinar, sponsored by CSU. J. Wiener shared key insights and lessons learned.
  3. 09/24/2024 EPI Denver Chapter Event: Business Owner Panel - Stories of Excellence on ESOPs.
  1. Planned or Under Development:
  1. 10/17/2024, 5:00-8:00 PM, EO Month Event at CSU Spur. RSVP here.
  2. 10/22/2024, IMA Bonding Luncheon to market CCS program with D. Dell and M. Licina.
  3. 10/29/2024, 12PM, USDA Webinar with DOL - Cooperative Ecosystems: Transformations in Worker Ownership, Housing, Community Development, and Agriculture.
  1. Thank you to J. Wiener for his support with this engagement.
  1. 11/13-11/15/2024, TEA Annual Conference in Las Vegas, NV, D. Dell speaking on CCS usage in Colorado.
  1. D. Dell offered an update on his presentation plan for this engagement.
  1. 11/17/2024, Gary Impact Investing Event, D. Dell is attending.
  1. A Look Ahead - EOC Series:
  1. 11/05, Virtual
  1. EOC Chair nomination and election.
  2. Guest Speaker: Paola Bellotti
  3. Topic & Discussion: Coop Finance and Investment in Italy
  1. 12/05, In-person
  1. Presentation TBD.
  1. CCWB “From the Field” Update - M. Holmes
  2. RMEOC “From the Field” Update - M. Champoux-Pellegrin
  1. 1:20PM, Public Comment
  2. 1:20PM, Commissioner Updates
  3. 1:25PM, Conclusion & Adjournment, K. Siggins

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