Banking & Finance

NEWS Banking & Finance $ 1 Plans for CSU speeding up Oct. 12-25, 2007 new banks research to market Vol. 13, No. 1 slowing to Research clusters www.ncbr.com a halt work toward rapid commercialization Page 19 Page 2 Powertech’s costs, potential profits soar Costly process, pound of uranium from deep with- land where it owns mineral rights Local engineering in the geologic formations under west of Nunn, a tract the company Mining firm wins Expy big rewards on northwest Weld County. calls the Centennial Project. TST Inc. Consulting But if the price for the mineral It’s the first major step toward hotline Engineers joins uranium horizon that the world’s nuclear power what would be the first commercial elite company industry relies upon stays at current uranium operation ever in North- The Centennial Project information line, Page 3 303-898-4240 or toll free at 1-877-798- By Steve Porter levels, the subsidiary of Vancouver, ern Colorado, provided the compa- Canada-based Powertech Uranium ny successfully secures all of its per- 4240, is open for calls. Powertech USA All Copy Products sp [email protected] Corp. will reap rewards that far mits, licenses and approvals from says messages left there will receive a enters NoCo market exceed its costly permitting process. federal, state and county entities. response within 24 hours, Monday Denver-based image NUNN — Uranium producer In recent weeks, Powertech has Centennial Project manager through Friday, between 8 a.m. and 5 technology firm wants Powertech USA faces a long and been drilling monitoring and aquifer p.m., Mountain Time. to grow into region expensive battle to mine its first test wells on about 5,700 acres of See POWERTECH, 38 Page 3 Heli-Support hiring taking off New certificate means Water district more mechanic jobs Profits fall at region’s banks for Fort Collins firm Page 3 50000 sues Bu-Rec THE EDGE FALLING DOL- LARS — Half-year SOURCE: FEDERAL DEPOSIT INSURANCE CORP. for unpaid results for North- ern Colorado- based banks show 40000 that net income ‘carriage’ fee declined 20 percent compared to 2006. It is the first time that Northern NCWCD claims Take your firm Colorado banks 30000 on the Web have experienced such a net income more than $100K Right designer can decline since the make or break your Federal Deposit owed for water online presence Insurance Corp. Page 9 began providing 20000 By Steve Porter half-year data in spor [email protected] 2002. June 30 LISTS results for all U.S. BERTHOUD — The Northern Region’s largest banks showed a Colorado Water Conservancy Dis- year-over-year decrease of 3 per- 10000 trict is suing the U.S. Bureau of Internet service Reclamation for allegedly not shar- providers cent in net income. Net income of Northern Colorado-based banks as of June 30 ($ in 000’s) June 30 as of banks Northern Colorado-based of income Net ing payments for water carried Page 8 through pipelines and reservoirs that are part of the Colorado-Big Non-local banks Thompson Project. Page 27 0 The lawsuit, filed in Denver fed- 2002 2003 2004 2005 2006 2007200 eral court, claims the Bureau is Local banks obligated to pay the District “car- Page 28 Illustration by Bernie Simon, Northern Colorado Business Report riage revenues” it collected from Loveland and Berthoud for non- Credit unions Numbers 20 percent lower than year. The 20 percent decline in net project water carried through Dis- Page 33 income is the first such drop since trict-owned C-BT facilities. last year for first drop in decade the FDIC began providing half-year Under the original 1938 C-BT data in 2002. Additionally, the Project contract, the District alleges, By Kristen Tatti income. Northern Colorado banking mar- a portion of the payments by Love- ktatti@nc br.com For the first half of 2007, North- ket has not seen a year-over-year land and Berthoud paid to the ern Colorado-based banks reported decline in net income since 1998. Bureau were to be forwarded to the For the first time in almost 10 combined net incomes of $34.7 “Right now, what’s dampening District after the original contract years, the region’s locally based million, down from $43.1 million net income is that there is not a lot was fulfilled. The contract was ful- banks did not see an increase in net for the same period the previous See BANKS, 20 See WATER, 25 2 | The Northern Colorado Business Report www.ncbr.com | Oct. 12-25, 2007 CSU poised to speed research into marketplace But until recently, moving research that Supercluster firms could benefit humankind into the marketplace has not been a quick or easy process. work toward rapid Orme started his own company, Mycos Research LLC, in 1997 to help take CSU commercialization breakthroughs in TB research into commercial production and distribution. By Steve Porter “The reason I started Mycos was [email protected] because, at that time, a commercialization pipeline didn’t exist at CSU,” Orme said. FORT COLLINS — Ian Orme has been But that was then. Ten years later there is on a personal mission to develop a cure for a much more focused process at CSU for one of the planet’s most deadly diseases getting vaccines and treatments for a vari- throughout his entire career. ety of diseases into the marketplace. Orme, a professor in the Microbiology, Immunology and Pathology department at Enter the ‘superclusters’ Colorado State University, believes he is on Alliances of academic researchers across the verge of producing a tuberculosis vac- multiple disciplines and business experts cine that could help save millions of lives who know how to quickly market cutting- each year and prevent millions more from edge technology have formed into “super- becoming infected. clustsers.” CSU’s first supercluster is aimed Earlier this year, CSU announced that at developing treatments for infectious dis- Orme and his research team had developed ease, and its second is focused on fighting a novel vaccine to prevent tuberculosis by cancer. activating specific immune system func- Both were launched this year, a move tions that enhance the response to the bac- that Orme said was long overdue. terium that causes TB. “That’s what we should have done 10 “I took a natural protein from TB and years ago,” he said. “What CSU’s doing and fused it to another protein as a nice juicy what industry’s doing is driving that into a target. It’s pretty bloody clever, actually,” pipeline to (funding entities) to actually get said Orme, who was born in Great Britain things going.” and has spent the last 21 years doing Terry Opgenorth, who spent 20 years research and teaching at CSU. with Abbott Laboratories’ Global Pharma- The university, which has more than 100 ceutical Research and Development divi- Courtesy Colorado State University faculty, staff and students researching TB, is sion, was recently hired by CSU to serve as TB RESEARCHER — Ian Orme, a professor at Colorado State University, has been conducting research into an considered a world leader in basic science the chief operating officer for NeoTREX inexpensive vaccine for tuberculosis since 1986. Orme said he’s happy to see the university developing research leading to new preventive vaccines and and MicroRx, the respective enterprise superclusters and business mechanisms like CSU Ventures to help commercialize cures develop in its labs. medical treatments for the disease. See CSU, 32 REGIONAL LOCATIONS AT Southeast corner of I-25 & US 34 RETAIL • OFFICE • LIGHT INDUSTRIAL www.chrislandinc.com Nicholas M Christensen, J.D. Ryan J. Schaefer 970-663-3150 x 3 970-663-3150 x 4 Oct. 12-25, 2007 | www.businessreportdaily.com The Northern Colorado Business Report | 3 THE ‘The Expy goes to (envelope please) TST!’ and Every Business A Stage.” Engineering firm The Engineerium, as TST calls its office center in the TST EYE joins fast company Boardwalk Business Park in southeast Fort Collins, with recent award bridges two buildings in a way Founded: 1977 Wait for that creates thematic spaces Management: Don Taranto and Ed Goodman, By Tom Hacker and funky features that invite co-owners [email protected] “experience,” making it the Headquarters: Fort Collins Odell’s PINE FORT COLLINS — When partners in TST stage that Pine and Gilmore Product/Service: Civil engineering, surveying and Inc. Consulting Engineers opened their “engi- describe in their book. construction firm, providing professional services next brew: neerium” last year, they might not have imag- “It was way shocking,” TST marketing direc- for municipal organizations, districts and private ined it would become a shrine for the followers tor and engineerium architect Ed Goodman clients. of Joe Pine and Jim Gilmore, the wildly popular said of the award, coveted in circles where Pine Employees: 49 ‘Fogg Bat’ authors of “The Experience Economy.” and Gilmore are regarded as the reigning gurus Web: www.tstinc.com But it is now. TST is the recipient of the of modern business theory.“We had no idea. It’s “Expy” award that Pine and Gilmore bestow kind of humbling, when you consider who the Back in the days when annually upon a business that best exemplifies other winners have been.” SOURCE: BUSINESS REPORT RESEARCH the Eye was a lot sharper the subtitle of their best-seller, “Work Is Theater See TST, 40 with reflexes faster, a trip to the ballpark meant FOCUS bringing All Copy all along a glove, just in case a souvenir about new pop foul — or, better yet, home- run ball — NoCo market came within reach. Doug Odell, New owner of Image founder of the Fort Technologies anxious Collins craft brewery that to grow into region bears his name, didn’t By Kristen Tatti have a glove in [email protected] hand on his trip to Coors Field WINDSOR — In the past nine years, Den- Oct.

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