Reasons Businesses Go Green
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Overview - "Going green" is more than just a trend for business owners who invest their resources in finding the most efficient ways to green their companies. Businesses recognize the many benefits of adopting an eco-friendly environment and policies. They reinforce their efforts by organizing committees. These committees are composed of employees who focus on green initiatives such as recycling, taking public transportation and conserving energy by turning off equipment and lights when not in use.
Reduced Company Costs - While initial steps to greening a business might seem costly, businesses that go green often experience overall savings on water, gas and electric bills. Purchasing energy-efficient equipment and supplies, such as light bulbs, computers and printers, helps keep down general operating costs over time.
Recruit and Retain Eco-Conscious Employees - Businesses aren't the only ones going green. In fact, it's often employees who initiate conversations with their employers about adopting green standards in the office. Companies go green to keep existing employees motivated and inspired, while also using green efforts to attract new talent. Companies may support their employees' green efforts through special parking for employees who ride their bikes to work, discounted fare for those who utilize public transportation and reusable cups for employees. In turn, employees recognize the positive impact their efforts have on the environment, with the assistance of their employers.
Take Advantage of Tax Incentives - Tax incentives encourage entrepreneurs to go green. Business owners can receive incentives for purchasing hybrid vehicles, doing renovations that reduce costs for heating, cooling and lighting, as well as by making improvements to old HVAC and water heating systems. Details on eligibility and qualifications can be found through the Tax Incentives Assistance Projects.
Image and Reputation - Consumers notice when businesses make an effort to adopt green practices to help the environment. These efforts leave a lasting impression on customers, potential customers and vendors. Going green shows dedication to more than just making profit. It shows that companies are invested in protecting the communities they serve.
Access to Grants and Loans - Many local businesses are motivated to go green because they can apply for grants and funding to help further establish their business. Organizations such as The U.S. Department of Agriculture Rural Development and the U.S. Department of Energy offer financial assistance in the form of grants and loans to small businesses and farms. Such programs provide money for individuals looking to start a green business, existing green businesses and business that are taking the necessary steps to go green.
Source: SmallBusiness
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
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