COIN may become the new term for ACE. Here is the link to our story
Colorado Gov. John Hickenlooper announced the Colorado Innovation Network (COIN) earlier this week as an initiative to
transfer technologies in government paid labs over to industry while creating new jobs in manufacturing. It appears very similar to ACE except the participants are more from academia than NASA and it is open to many more varieties of commercial products and technologies than ACE.
We understand that only Loveland City Manager Bill Cahill and Economic Director Betsey Hale are communicating with C&W and the Governor’s office about this issue and an announcement may be forthcoming. We tried to get access to those communications and emails today but were unsuccessful.
In the meantime, we have looked into CAMT and found what one insider described as a “virtual” organization since they only have some 5-6 highly paid senior staff and everyone else “working” there are hired only as “independent contractors.” It seems ironic for an organization funded by the federal government to create more jobs painfully avoids hiring people. Are they trying to avoid payroll taxes?
If CAMT refuses a minor role (again) they risk losing everything and seeing the entire project migrating over to COIN. We spoke with a number of people in and outside the relative organizations we reported on and feel very confident about the veracity of the information provided. Perhaps the most memorable quote about CAMT was that they sure are great at spending other people’s money!
As always, your comments are welcome.