The benefits include financial savings and healthier workplaces. Small Businesses Being Offered Support to Go Green
Whether it’s encouraging employees to telecommute during the pandemic or sourcing recyclable product packaging, every business has the potential to reduce its environmental footprint.
1. Grants
The good news is that a number of government and corporate grants are available for small businesses looking to make their operations more eco-friendly. You can apply for these grants from the federal, state and local governments as well as some utility companies.
Grants for green businesses typically focus on research and development as well as helping to fund new energy efficient technologies, such as renewable energy or advanced lighting.
Before applying for a grant, always check its requirements to ensure that your business can qualify. It’s also a good idea to reach out to past grantees to understand their experience with the application process. Remember that many grants require detailed financial reporting, so a platform like Bench is a great choice. With Bench, you can track every transaction in one place and have a bookkeeping team by your side to help you stay organized.
2. Training
The San Mateo County Green Business Program offers a range of training and assistance to small businesses that want to become more eco-friendly. The program serves retail/commercial offices, restaurants/catering businesses, hotels/resorts, cleaning services, auto repair shops, and printing companies, as well as non-profits and faith organizations. Government facilities and individual departments may also apply for certification.
Training on going green can help small businesses identify the best strategies for their own businesses. It can also teach them how to save money by adopting eco-friendly practices, as well as how to qualify for tax rebates and deductions.
Some of the most popular going green strategies cost little or nothing, such as switching to LED light bulbs that use up to 80% less energy and last longer than regular bulbs. Others may require a greater initial investment, but can cut operational costs over the long term. A raft of studies has shown that consumers are keener than ever to buy sustainable items.
3. Support
Just as consumers vote with their dollars, business owners can also choose to support companies that prioritize sustainability. Using recycled products, buying electricity generated by renewable resources, and embracing flexible working practices can have a positive impact on both the environment and staff health.
For example, employees who spend less time at work will have fewer vehicles on the road and emitting greenhouse gases, while reducing office space requirements can lower energy bills. A commitment to sustainable operations will also help build a business’ public image, which in turn may attract new clients.
Several tax incentives are available to businesses that go green, including the 179D, ENERGY STAR, and alternative energy credits. Maximus can assist with identifying, claiming, and documenting these incentives for eligible businesses. Taking advantage of these opportunities will allow your company to reduce its environmental footprint and make money while doing it.
4. Networking
However, it takes time and effort to make these changes. Fortunately, there is help available.
Joining a networking group can offer many benefits for a small business owner, from exchanging client referral sources to gaining a wider understanding of general business principles here needs read more hear.
