Business
Business News from companies in Boulder, Colorado
CU business school endowed with $2.25 million chair to promote global enterprise
Apr 3rd
Advancing global enterprise at the university level by a billionaire seems to make excellent sense.
A better understanding of the core drivers that help great leaders innovate — and avoid failure — is key to advancing global enterprise. The Leeds School of Business at the University of Colorado Boulder is now better equipped to advance this understanding, thanks to a new $2.25 million gift from the Thomas Stix Guggenheim family to establish an endowed faculty chair aimed at educating new generations of entrepreneurs on the core drivers of successful business design and innovation.
This prestigious faculty post was made possible by Thomas Stix Guggenheim and his wife Pedie, of Cincinnati and Snowmass Village, Colo., and his four children, each of whom also attended CU-Boulder.
The new chair will enhance business education at the Leeds School by offering a broader exploration of the factors that allow some firms to succeed while others fail.
The chair also advances key Leeds priorities, as it will help aspiring innovators develop the critical thinking skills that result in creative solutions to diverse and complex challenges. “Our business experience has demonstrated there is as much, if not more, to learn from business failures as from successes,” Guggenheim said. “One main aspect of our endowed chair is to case-study this belief.”
David Ikenberry, dean of the Leeds School, said the creation of the Thomas Stix Guggenheim Family Endowed Chair in Business Design and Innovation is emblematic of the school’s mission. “We have embarked on an innovation agenda that will enable graduates to evolve in a rapidly changing business climate and ensure their ability to drive value,” he said. “We are fortunate and grateful for the family’s generous support as we pursue this great challenge.”
The concept of business design is an emerging area of business education — exploring the interaction of factors such as strategy, product or service design, and entrepreneurial leadership to solve complex problems and drive economic innovation and successful business creation.
With Leeds and CU’s long-standing reputation for entrepreneurship education along with Boulder’s identity as one of the nation’s most entrepreneurial and creative cities, the new chair is a logical fit for Colorado and its economy.
The Thomas Stix Guggenheim Family Endowed Chair in Business Design and Innovation is a tribute to the successful career and outstanding leadership of the chair’s namesake. After graduating from CU-Boulder in 1950 with a degree in marketing, Guggenheim went on to lead two successful hosiery (sock) businesses.
“It’s exciting to see CU-Boulder graduates giving back to the university in such an important way so future generations of students can succeed in their entrepreneurial endeavors,” said Chancellor Philip DiStefano.
A longtime donor to CU-Boulder, Guggenheim has supported the Center for Education on Social Responsibility, which integrates ethics education across the Leeds School curriculum to develop values-driven leaders, and a popular freshman-level course titled “Profiles in American Enterprise,” which invited top executives to discuss relevant business issues.
An endowed chair gift provides a reliable and perpetual stream of funding for a senior faculty position. It is a public indicator of a program’s prestige and it helps universities recruit and retain top talent.
A global search will launch immediately to identify a candidate to serve as the first Guggenheim Family Endowed Chair. The goal is to fill the tenured post, to be housed within the school’s Division of Management, for the start of the fall semester in 2014.
The gift is one of more than 275,000 gifts made to date during Creating Futures, a $1.5 billion fundraising campaign to enhance CU education, research, outreach and health programs benefiting citizens throughout Colorado and beyond. Visit http://www.cufund.org for more information.
–CU Press Release–
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City manager approves business incentive for Gnip
Mar 15th
City Manager Jane S. Brautigam has approved a flexible rebate application for Boulder-based Gnip for up to $45,000 in rebates. The rebates were authorized for sales and use taxes, and permit-related fees.
“Gnip is a fast-growing company in Boulder’s thriving downtown and high-tech communities,” Brautigam said. “The city is very pleased that it can support Gnip’s expansion so it can grow as an industry leader, delivering three billion social media activities per day.”
The flexible rebate program is one of the city’s business incentives, covering a wide range of fees, equipment and construction use taxes. Under this program, the city manager may consider a specific incentive package for tax and fee rebates to meet a company’s specific needs. The company is then eligible for the rebate after it has made its investment and paid the taxes or fees to the city.
Gnip is the largest provider of social data in the world, partnering with Twitter, Facebook, Tumblr, and WordPress, among others, to aggregate social media data and information for their clients. Founded in 2008, the company has emerged as a leader in the social media industry. With 50 employees, Gnip recently expanded into a new space at 1050 Walnut, Suite 115, to maintain its presence in downtown Boulder. In addition, Gnip was named “best place to work” by both the Boulder Chamber and the Denver Business Journal.
“We’re excited to be a based in Boulder and we think our growth is facilitated by the many advantages offered by the City of Boulder”, said Gnip CEO Jud Valeski. “We think Boulder offers the world’s best place to work and live.”
The flexible rebate program uses social, community, and environmental sustainability guidelines. Companies choose the guidelines that best fit their circumstances, but must meet minimum requirements in order to receive the rebate. Gnip has exceeded the requirements and, of note, the company has initiated the Gnip Gives Back program. This program coordinates charitable giving and organizes group service opportunities for the company to participate in. Gnip also offers Eco Passes, Boulder B-Cycle memberships, and annual City of Boulder Recreation passes to their employees and is located in a LEED Gold certified building.
Gnip’s application is approved as part of the 2012 flexible rebate program; one application is still pending. The city’s approved 2012 budget includes $350,000 in funding for 2012 flexible tax and fee rebates for primary employers.
For more information about the city’s economic vitality program, go to www.bouldercolorado.gov, click on “Business,” or call Liz Hanson at 303-441-3287.