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EMPLOYEE OWNERSHIP ROUNDTABLE-BANKERS
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3/3/2020
When: Tuesday, March 3, 2020
Where: CBA 4th floor board room
140 east 19th avenue
Denver, Colorado  80203
United States
Contact: Mike Bintner

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IN PERSON REGISTRATION IS CLOSED. ONLINE REGISTRATION STILL AVAILABLE

 

 

We would like to extend a personal invitation for you to join us on the morning of March 3 for a roundtable discussion on employee ownership. The recently established Employee Ownership Network at the Colorado Office of Economic Development and International Trade has identified access to capital as a primary need to support the growth of employee-owned businesses in Colorado.

It is estimated that 50,750 businesses are owned by baby boomers in Colorado, generating sales of $81.7 billion, employing 419,700 people and providing a payroll of $16.2 billion.  Succession planning and conversations about shifting ownership to their employees is critical for the continuation of job stability and business services throughout Colorado.

The federal 2018 Main Street Employee Ownership Act has opened Small Business Administration lending to both Cooperatives and Employee Stock Ownership Plans (ESOPs). It has also created a mandate for Small Business Development Centers (SBDCs) across the country to explore how they support employee ownership.

We invite you to participate in the conversation on how the banking community can play a vital role in the expansion of employee ownership in Colorado. This session can be accessed in person or via webinar.  Please see the below for the full agenda on March 3rd.

 

EON EMPLOYEE OWNERSHIP ROUNDTABLE – BANKERS                                                                                                                            DATE: TUESDAY, March 3, 2020                                                                                                                                                            HOSTED BY:   Betsy Markey, Executive Director – OEDIT &                                                                                                                             Don Childears, President and CEO – Colorado Bankers Association                                                                                                   LOCATION: Colorado Bankers Association 140 East 19th Avenue, Suite 400, Denver, CO 80203                                                               TIME: 9:00 a.m. – 11:00 a.m.   (Note: Continental Breakfast served from 8:30 a.m. – 9:00 a.m.)

                                                                                                                                                                                                                                               

AGENDA

Section 1

8:30 a.m.

 

 

9:00 a.m.

 

 

 

 

 

Networking Breakfast

 

 

Welcome

· Overview of the Employee Ownership Network development by the Colorado Office of Economic Development & International Trade

· Governor’s EO Video

· Silver Tsunami

- Benefits to the Business Owner:

1. EO as a solution – ready willing and able buyer

2. Avoid 10% broker fee

3. Protect, preserve and pass on legacy

4. Key part of any succession plan

· Honored Guests Representative James Coleman and Senator Jack Tate (invited)

 

· Don Childears, President & CEO, Colorado Bankers Association

· Betsy Markey, Executive Director, Colorado Office of Economic Development & International Trade (OEDIT)

· John Kovacs, EO Program Analyst & Business Navigator, OEDIT

· Glenn Plagens, Division Director, Business Support and Rural Prosperity, OEDIT

 

Section 2

9:15 a.m.

Alpine Bank, Our Employee Ownership Story

Durango, Colorado

 

· Mike Burns, Regional President, Alpine Bank (confirmed); Gena Cooper, Vice President, Alpine Bank (confirmed)

Section 3

9:35 a.m.

New Belgium Brewery et.al; Our Employee Ownership Story

Fort Collins, Colorado

· Jen Briggs, Chair, GISinc; Independent Director, PFSBrands & Engineering Economics; GRITT Business Coaching; former VP of HR and OD New Belgium Brewing (confirmed)

Section 4

9:55 a.m.

New Resources for Banks Lending to Employee Owned Businesses

· Lending to Co-ops and Employee Stock Ownership Plan (ESOP) Businesses

 

· SBA’s New Lending Options under the Main Street Employee Ownership Act

 

· Overview of Colorado Employee Ownership Loan Pilot and Grant Program

 

 

· Douglas Dell, Senior Vice President, Manager, Colorado Commercial Banking Group, Key Bank (confirmed)

· Steven White, Lead Lender Relations Specialist, US Small Business Administration (confirmed)

· Jeff Kraft and Glenn Plagens, OEDIT

Section 5

10:45 a.m.

Discussion and Q&A

Group Discussion:

- Call for banks interested in lending to EO businesses?

- What needs and/or barriers are banks seeing in the marketplace when working with businesses trying to convert to Employee Ownership? To fund the sales of the business?

- What would you like to see as next steps?

 

· Facilitated by – Jeff Kraft and Douglas Dell (confirmed)

Section 6

11:00 a.m.

ADJOURN

 

 

Contact Us

Colorado Bankers Association
One Sherman Place
140 East 19th Avenue, Suite 400
Tel: 303.825.1575
Fax: 303.825.1585
info@coloradobankers.org

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