In Weathering the Economy, Here's a Forecaster You Can Count On

Economist Rich Wobbekind named among Colorado's most influential business leaders.
Rich Wobbekind walks an executive-level class through a presentation. His insights on the economyâand the lengths he goes to inĚýsharingĚýthem with Coloradansâare why he's so well regarded, both in the classroom and in the media.
In ranking Rich Wobbekind among its 30 most influential business leaders, said he âprobably ranks as the most-sought-after voice on the Colorado economy.â
That characterization is likely to draw criticism from those whoâve benefited from Wobbekindâs insights over more than three decades with the University of Colorado Boulder: What do they mean, âprobably?â
âRich is so deserving of this honor because has a unique ability to interpret a complex set of economic data for a broad variety of audiences,â said Brian Lewandowski, executive director of the Business Research Division at the Leeds School of Business. âAnd while most people think about industry in Colorado in terms of tourism, or tech, or urban areas, Rich is as capable talking about agriculture and mining as he is finance.â
Road warrior
Wobbekind and the BRD develop an annual economic forecast for Colorado that he presents at a statewide conference. But he also takes those insights on the road, where he shares tailored presentation at smaller events in more rural areas of the state, as well as in the classroom.Ěý
âIâve been really fortunate in that, through my work, Iâm able to help people interpret what theyâre seeing in a larger context,â Wobbekind said. âTheyâre trying to make sense of all these issues theyâre facingâCOVID, supply-chain issues, inflationâand weâre trying to give them a sense of what to expect, and convey information that helps them make better decisions in business and live better lives.âĚý
The BizWest list is a whoâs who of influential Coloradans in entrepreneurship, banking, law, nonprofit, government, healthcare, media and manufacturing; Wobbekind, associate dean for business and government relations at Leeds and the BRD's faculty director, is the only economist.Ěý
âThere are a lot of significant people on that list, people I have a lot of respect for. I am honored to be included among them,â he said.Ěý
Wobbekind has been a fixture at 91´ŤĂ˝ since earning his masterâs and doctoral degrees in economics 35 years ago. In that time, much about the field of economics has changedâincluding, like in many fields, the ability to use data to understand trends and make decisionsâbut what he said hasnât changed is the disciplineâs ability to add context to situations and form actionable strategy, a perspective he readily brings to the classroom.Ěý
âAt the end of the day, I hope I am contributing to people having better lives.â
Richard Wobbekind, faculty director, Leeds Business Research Division
âIn our economics classes, weâre teaching students the tools to help them be better managers and make better decisions, whether thatâs in hiring, or anticipating product demand, or looking at interest rates or inflation,â he said. âThereâs a lot of value in having the skills to interpret the broader environment youâre working in.âĚý
Thatâs especially evident in the extensive outreach he does to the Colorado business community. His traveling road show takes him from the Front Range to the Western Slope and the eastern plains, and from advisory meetings with the government to small, industry-specific sessions to people in agriculture, technology or banking.
Something that might surprise anyone whoâs sat in one of his classes or attended the annual Business Economic Outlook Forum is that, for all his poise on stage, Wobbekind isnât immune to a case of nerves before he starts talking.Ěý
âThatâs even true on the first day of classes, I try to figure out something to say to calm myself down,â he said. âBut ultimately, when youâre providing this kind of information and interpretation, and you see the reaction of people in the audience and you hear their questions and know theyâre learning something that will help them make decisionsâthatâs the best cure for being nervous.Ěý
âAt the end of the day, I hope I am contributing to people having better livesâI believe thatâs what weâre here for.â