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CU Business Review: Colorado’s becoming “beverage”-can capital

Oct 15th

Posted by Channel 1 Networks in Business

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Consumer demand is making aluminum cans more relevant than ever, according to a report from the University of Colorado Boulder’s Leeds School of Business.

More than 92 billion aluminum beverage cans were sold in the U.S. in 2011 reflecting a decline in annual sales — particularly among standard 12-ounce cans — since the industry’s peak five years prior.

But a number of Colorado companies, including Ball Corp., are well positioned to tap new markets in the evolving industry. Ball employs more than 3,000 workers statewide, and packaging accounts for 90 percent of the company’s sales.

“Beverage industry employment is growing faster than manufacturing employment and total employment in the state and is outperforming beverage manufacturing employment nationally,” said Richard Wobbekind, editor of the quarterly Colorado Business Review.

According to the latest edition of the review, published by the Business Research Division of the Leeds School of Business, the U.S. beverage can market remains quite healthy with a unit share of just over 40 percent.

Experts attribute the sales decline of 12-ounce cans to weak economic growth, which has consumers “trading down” to less expensive products, among other factors.

By contrast, demand for specialty can sizes grew at a robust rate of approximately 15 percent last year. From the 5.5-ounce mini-can to the 32-ounce jumbo can, brand owners are leveraging the unique sizes and shapes of the beverage cans to drive differentiation in the market.

One well-known specialty package from Ball is the Alumi-Tek bottle, or aluminum pint. Brewers have enjoyed great success with the bottles, which offer re-closable caps. Craft beers and wines have increasingly found their way into aluminum cans. Even water sold in cans has grown more than 30 percent since 2008.

“The current decrease in the U.S. beverage can market is more a sign of progress than one of decline as the industry shifts away from reliance on just the 12-ounce can,” says Jim Peterson, vice president of marketing and corporate affairs for Ball Corp. “Ball is expanding into new products and capabilities to meet demand.”

Peterson cites more than $175 million in investment across the U.S., including $60 million in Colorado for a new specialty can line in the company’s Golden, Colo., facility and a nearly $5 million expansion of its package research and development operations in Westminster, Colo.

Colorado beverage makers also benefit from state laws that support self-distribution, allowing young brands and small producers to go to market. New Belgium Brewing of Fort Collins, Colo., America’s third-largest craft brewery, started selling beer out of the back of a station wagon.

The Business Research Division of CU-Boulder’s Leeds School of Business conducts Colorado-focused economic and marketing studies, collaborating with faculty researchers, government entities, business leaders, nonprofit organizations and students. For more information visit http://leeds.colorado.edu/brd#coloradobusinessreview.

New Medicare open enrollment period runs Oct. 15-Dec. 7

Oct 15th

Posted by Channel 1 Networks in Health, Fitness & Medical

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Boulder County, Colo. – The new Medicare open enrollment period begins today, Oct. 15 and runs through Dec. 7.

 

Open enrollment gives seniors a chance to make changes to their Part D (prescription drug) and Medicare Advantage plans.

 

These changes can only made during the open enrollment period.

 

“It is so important for seniors and caregivers to look at their plans every year, because plan costs and what they cover can change,” said Jan Van Sickle, Medicare Counselor for the Boulder County Area Agency on Aging.

 

The BCAAA is hosting free one-on-one counseling sessions throughout the county to help seniors choose the right plan. All sessions are by appointment and can be made by calling the session location directly:

  • Boulder, 303-441-4388
  • Lafayette, 303-665-9052
  • Longmont, 303-651-8411
  • Louisville, 303-666-7400
  • Mountains, 303-441-1546

 

For more information, please call the BCAAA Medicare Counseling program line at 303-441-1546 or go to www.BoulderCountyMedicareHelp.org.

Reports: CU degree as good as gold

Oct 15th

Posted by Channel 1 Networks in CU News

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CU-Boulder degree rated highly
nationally for return on investment

When it comes to landing “good paying” jobs and receiving a high return on investment, University of Colorado Boulder graduates are in good shape nationally, according to two recent reports.

CU-Boulder ranked in the top 20 in a recent report released by SmartMoney that rated the return on investment for 50 of the nation’s priciest colleges for out-of-state tuition. CU-Boulder, at No. 19, finished just behind Princeton University and ahead of Harvard University, Cornell University and Yale University in the rankings, which compared starting tuition (class of 2009) to recent and mid-career median salaries of graduates.

CU-Boulder also fared well in PayScale.com’s mid-career salary ranking, coming in at No. 35 out of 452 state schools ranked for return on investment.

“This is good news for our graduates,” said CU-Boulder Provost Russell Moore, the chief academic officer of the Boulder campus. “It is good news for the constituents of the state of Colorado and the parents of students who attend the University of Colorado.”

The median salary for recent CU-Boulder graduates (out of school three years) is $45,000, while the mid-career (out of school 15 years) median salary is $87,100, according to figures compiled by PayScale.com.

“What this shows us is the return on investment for our out-of-state students is very good, but for our in-state students, who receive the same median salary coming out of school, the return is even better because they don’t have to put as much money in up front,” said Lisa Severy, director of CU-Boulder’s Career Services office.

There are several reasons for CU-Boulder graduates excelling in the job market, according to Moore.

“For a large research university, we engage undergraduates in experiential learning,” Moore said. “Our students have significant opportunities to engage in cutting-edge research, creative work and studio activities. We engage them at a higher frequency than most other public research universities, in fact, I would argue, many private research universities.”

The interdisciplinary nature of the curriculum at CU-Boulder also plays a role, according to Severy.

“We have a lot of programs that are multidisciplinary,” Severy said. “Since the world of work is multidisciplinary, this training is especially marketable when you graduate, because our students are used to working with other people outside their specific areas of study.”

While proud of the recent rankings, Moore expects the bar to be even higher in the years to come.

“We think we bring a lot of value to higher education and we are very excited about some of our innovative programs that will move the bar even higher,” Moore said.

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