|"COIN" A NEW TERM FOR ACE?
City of Loveland turns towards Governor's COIN Project and Away from ACE
Creator CAMT - Name Likely To Be "Rocky Mountain Center for Innovation"
organization that has a board and senior officers but
no employees and no dues paying member
Describing CAMT (Colorado Association for
Manufacturing and Technology) as a business
association is a bit misleading. A trade association
normally represents private companies that pay
dues from private monies to support the association
and the issues it advocates for on behalf of that
CAMT is mostly funded through a grant from the
U.S. Department of Commerce. CAMT has been
the recipient of numerous federal grants intended to
create more manufacturing and high-tech jobs in the
Ironically, CAMT doesn't employ any middle
income people but instead supports a small staff
earning six figure salaries (see 2009 disclosure form
above). All other 'employees' are contracted labor
and not hired by the non-profit organization.
CAMT does provide support services to
manufacturing companies that pay a fee which
CAMT than reports as the "matching" funds
required to receive some of its government grants.
Inside the organization, sources reported to
LovelandPolitics there is considerable friction
between President Elaine Throndike and Board
Member Flo Raitano. Flo worked to elect
Governor Hickenlooper and also served as the
Mayor of Dillon, Colorado. Thorndike boasts of
relationships within NASA that helped facilitate the
unfunded agreement between CAMT and NASA
to cooperate on ACE.
|Each makes a salary close to six figures.
Ironically, CAMT doesn't use its
government grant monies to create middle
class jobs but instead has only 5 highly paid
employees and relies on contractors almost
exclusively to operate.
CAMT 2009 disclosure Form 990
(Organization Exempt From Income Tax)
|The former HP and later Agilent Campus on Taft Ave. in Loveland
pictured during its heyday. Cumberland & Western Resources is in
the final stages of purchasing the property from the City of Loveland.