The economy hasn’t made it easy for contracting or manufacturing businesses to grow in recent years, but the St. Louis Post-Dispatch is reporting that green growth, sustainability and innovation could all help the manufacturing industry in the near future.
According to the newspaper, green building has accounted for between 44 and 48 percent of nonresidential construction for 2014, meaning about $140 billion was spent. This is a stated increase from 2005 when it only accounted for 2 percent.
Halcyon Shades President Richard Goellner said some products, such as his, are so new that there is no competition, allowing them to really rise up and dominate the market.
The green building movement, he said, gives the company the opportunity to grow sales to a $50 million a year level in the next decade from $3 million last year. A Missouri resident or business owner, he said, will save enough from reduced energy costs in 2 ½ years to recover the cost of buying and installing Halcyon shades. In states with higher energy costs, the payback is quicker.
Has your contracting business increased the use of green or sustainable products? Are more customers asking for green solutions? Email Content Producer Hal Conick at [email protected] to let us know. We love hearing from you.