Section 1

12:00 PM

Welcome

S. Shoemaker, K. Siggins

Section 2

12:03 PM

Regular Business:

• Approval of October 03, 2023 Meeting Minutes
• Commissioner Updates on CY24 Strategic Plan
• Commissioner JD review - EO Commissioner JD CY23 10192023.docx

S. Shoemaker, K. Siggins

Section 3

12:15 PM

Guest Speaker: Ali Khawar, Principal Deputy Assistant Secretary; Employee Benefits Security Administration, United States Department of Labor

• (40 min) Presentation & Discussion: Implementation of the Worker Ownership, Readiness, and Knowledge (WORK) Act

• Background information here

A. Khawar

Section 4

1:00 PM

Partner & Staff Reports:

• CO EO Office Monthly Update - M. Licina

• EOTC Update

• 1 issuance since last meeting to Edible Beats (100% ESOP)

• (15 min) “Exit/Succession Planning” Program Launch Update - A. Pynes
• Wildly Important Goal (WIG)

• FY24 WIG: Outcome Measure: Utilize the Cash Collateral Support Program to support at least two companies transitioning to employee ownership or employee-owned companies seeking financial support by June 30, 2024

• Updates on recent meetings - D. Dell

• Still tracking outreach and conversions - please report them out or add directly to tracking sheets

• Mar/Comm

• CCS 1 pager complete, request to EOC: send financial institution contacts to M. Licina to populate database for targeted marketing/outreach
• EO Month - Shareback
• Future engagements with CSG to potentially include marketing financing EO to lenders and marketing EOTC to manufacturing firms

• ESOP Peer Network Programming

• Colorado ESOP Executives Peer Network Event (Virtual) - Wednesday, November 8⋅1:30 – 2:30pm

• S. Shoemaker presenting on “preparing for year end valuations”

• Colorado ESOP Communications Committees Peer Network Event (Virtual) - Wednesday, November 15⋅1:30 – 2:30pm

• EO Month shareback - finding balance between celebration and education

• Events

• Recent:

• 11/1 - Event in Englewood with City, Chamber, and Aurora-South Metro SBDC to market EO Programs and Exit/Succession Planning Program Launch

• Under Development:

• Other potentials include: Fort Collins, Eagle/Vail, Chaffee County
• Durango “Intro to EO workshop” (04/11)
• TEA Bankers Round table (date TBD, Spring)
• CLE Course for CO Bar Attorneys in Business Law Section re: AES and EOTC (likely Spring)
• Boulder EO Event for young professionals in business and law studies

• A Look Ahead - EOC Series:

• 12/5 - Strategic Planning & Vice Chair Election (In-person)
• 1/9 - Virtual
• 2/6 - In-person

• M. Licina to discuss speakers, any requests from the EOC?

• CCWB “From the Field” Update - M. Holmes
• RMEOC “From the Field” Update - A. Ortiz

Section 5

1:25 PM

EO Commissioner Updates (as time permits)

Section 6

1:28 PM

WRAP UP & ADJOURN

S. Shoemaker