Connecticut’s minimum wage ticked up again in January to $10.10/hour as the last stage of a three-year increase bringing the minimum rate up from when it was $8.70/hour in 2014.
Save on Energy Costs to Offset Minimum Wage Increases
Reduce Effective Connecticut Electric Rates with Energy Analytics
Connecticut electric rates remain high and have a meaningful negative impact on local businesses, but companies do not have to sit back helplessly.
CT Energy Suppliers & Customers Can Help Each Other
Connecticut energy suppliers and their customers have more in common than one might think. Rather than being in opposition to each other, they can actually both help each other achieve their goals, primarily through the lens of sustainability.
How Tech Could Boost CT Job Growth
Connecticut’s job market has struggled to recover from the Great Recession, as the state ended 2016 with a net decline of 2,000 jobs for the year. Overall, CT has only recovered 70% of the jobs it lost during the 2008-2010 downturn.
Using Sustainability as a Marketing Strategy
The three most important factors in real estate may be location, location, location, but there are still other factors that make a difference in enticing prospective renters, as well as potentially getting them to pay a premium. As such, commercial real estate companies should use sustainability as part of their marketing strategy, as more businesses want to be part of the growing eco-friendly movement.
Businesses Can Help CT Reduce Greenhouse Gases
Connecticut’s government has a goal to reduce the state’s greenhouse gas (GHG) emissions by 80% below 2001 levels by 2050. To meet this long-term goal, CT is taking steps now to develop interim reduction targets and strategies along the way.
Why Real Estate Companies Need Energy Analytics
Commercial real estate companies can use energy analytics to improve their business in a variety of ways, such as to identify smart investment opportunities, increase sustainability performance and improve overall business intelligence.
How Can I Get My Tenants to Reduce Energy Usage?
Commercial real estate companies that bear part or all the cost of tenants’ energy usage have a significant financial incentive to get renters to use less. If U.S. retail, warehouse and office space used 20% less energy overall, it would result in savings of $5 billion, according to the Department of Energy. Plus, doing so would bring the environmental benefits of reducing emissions by the equivalent of 370 billion miles of automobile travel.
Use Sustainability as a Selling Point
As more organizations look to improve sustainability, consultants should look for ways to help clients meet this goal and use that ability as a selling point.
How Improved Data Reporting Helps Businesses
With increased data comes increased opportunity to analyze that data, yet not everything can be easily examined. The same information can be presented in multiple ways, and the better the data reporting, the more actionable the analysis can be.