Korean Small Businesses in California Profiting from Going Green
(3BL Media/Justmeans) – Korean small businesses in California have proved the skeptics wrong by turning environment-friendly business practices to their competitive advantage. A number of incentive programs initiated by the government, as well as private organizations, are helping these businesses boost their bottom line by employing green technologies.Many small businesses are choosing to go green primarily because it has become economically more attractive for them to do so.
Korean businesses in Los Angeles, which hosts one of the biggest Korean communities in the U.S., and in other cities in California, have adopted green technologies to reduce their energy costs. More than 450,000 Koreans reside in California control, and they control nearly two percent or 63,365 of all small businesses in the state. In 2007 they accounted for about $33 billion in economic activity (the latest data available).
Government in California offers awards to dry cleaners that use water conservation based cleaning technologies. 134 dry cleaners in the state—of which more than a third are owned by Koreans— have been granted awards. Energy consumption for these green dry cleaners has reduced by as much as half or even more. Now many entrepreneurs in the business are adopting recycling techniques as well to extend their eco-friendly business practices.
A recent poll by the Public Policy Institute of California showed that Asian Americans and other ethnic groups are 20 percentage points ahead of whites with respect to their support for environmental policies. An increasing number of them believe that government should be more proactive in its steps to counter climate change rather than wait for the economy to improve.
A Korean-owned textile company near Los Angeles, Sungdo International, has managed to recycle more than 80,000 pounds of mixed paper, plastic and textiles, with help from the Department of Public Work’s Smart Business Recycling program. It has resulted in a reduction of annual waste disposal fees for the company by up to $10,000.
Source: New America Media
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