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The deal between business and labor that removed four labor-backed measures from the November ballot and created a coalition to fight three other measures was cheered Thursday from Denver to Vancouver, British Columbia.

“Congratulations. That’s real ly the most important thing to say now,” said Democratic Gov. Bill Ritter at a news conference announcing the accord. “Congratulations for putting aside differences, for finding common ground. It is a hallmark day here in Colorado.”

Unions agreed to withdraw four ballot measures that business leaders and elected officials said would devastate the state’s economy. In return, business leaders pledged $3 million to help fight Amendment 47, the so-called right- to-work initiative, and two other measures unions oppose.

In Vancouver, where a group of key players in Colorado business and government are attending a leadership-exchange program, officials said they were pleased with the agreement.

“We certainly have avoided a nuclear meltdown of our economy,” said Tom Clark, Metro Denver Economic Development Corp. executive vice president.

Joe Blake, president of the Denver Metro Chamber of Commerce, said in a statement that it was “a good day for Colorado.”

“This move will ensure Colorado’s ability to remain competitive in the nation’s economic marketplace and to attract and retain businesses and jobs,” Blake said.

Andy Vuong: 303-954-1209 or avuong@denverpost.com

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