Economic and Community Development
Small Businesses and Sustainability
In a letter yesterday to the Cleveland Plain Dealer, Council of Smaller Enterprises (COSE) president and long time ACCE board member Steve Millard explained why sustainability is equally important for small businesses as it is for large companies. Here’s an excerpt:
While large businesses can invest heavily in energy efficiency and sustainability, smaller enterprises are often worried about making investments that may not pay short-term dividends. Fortunately, they stand to gain just as much, if not more, from sustainability. Small businesses pay 35 percent more for energy, and energy costs account for their second-highest non payroll cost. Investing in energy efficiency and sustainability can help cut costs, increase revenue and improve their marketability.
He goes on to applaud the city’s new sustainable business procurement ordinance, which provides a 4% bid discount to Green Plus certified sustainable local companies bidding for city contracts, and mentions the work COSE has done to help businesses meet their energy needs.
Millard closes with a bold proclamation:
“Green is not a fad. It is becoming an imperative for businesses of all types.”