We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Mike Kosdrosky is the organization’s new executive director. Kosdrosky was promoted from within, he said, after the board of directors decided not to renew past president and chief executive Stephanie Salazar’s contract, which ended Dec. 31.
Kosdrosky said his goal is to broaden the BEDC’s focus and to oversee its evolution into a regional group.
“Our business investors/board members have expressed a need for a collaborative regional economic development organization,” he wrote in an email. “We believe that the timing is not only right, but that the businesses and communities of northwest Denver must work together to ensure the region’s competitive economic interests. Our goal is to transform the BEDC into a regional force for economic prosperity.”
Kosdrosky is the BEDC’s third head since longtime president and CEO Don Dunshee retired in 2010. During that time the BEDC’s mission has changed, as Broomfield has created its own internal office of economic development.
“The city and county will still remain active (with the BEDC), but they will be less the primary sponsor and take the role of a regular investor,” Kosdrosky said.
He said the changing mission and relationship with Broomfield and the economy are the reasons for the BEDC’s recent changes in leadership.
“I think it’s a function of changing times,” he said. “The economy means things have changed, especially for nonprofits and business-related nonprofits.”
The BEDC is reaching out to other communities and business leaders in the U.S. Highway 36 corridor to measure interest in a regionally focused organization, Kosdrosky said. It also is working with R&M Resource Development of Denver to conduct a feasibility study.
Before becoming executive director, Kosdrosky was a project manager and consultant with the corporation.