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Stimulating Small Business: Tax Relief on the Way

Published 05/12/2008 - 9:01 a.m. CT
Now may be the time to add equipment. The economic stimulus package has provisions that can benefit laundry owners. (Photo: iStockphoto.com/LeggNet)
RIPON, Wis. — While the tax rebates for individuals are getting plenty of media coverage, the economic stimulus package also includes tax relief for small-business owners. There are a couple of provisions that will help commercial laundry owners increase cash flow and lower life-cycle costs.
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Earth Day Contest Brings Big Bucks to Laundry Owner

Published 05/12/2008 - 9:00 a.m. CT
Darryl Harvey was thinking about how to go green and pocketed some green. (Photo: iStockphoto.com/Sweetym)
KNOXVILLE, Tenn. — Are you taking full advantage of all your business opportunities? Darryl Harvey knew what needed to be done to improve his laundry and shared this knowledge with the Knoxville, Tenn., Utility Board (KUB). As a result, he took home a check for $20,000.
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The 10-Year Plan

Published 05/08/2008 - 9:00 a.m. CT
The laundry opens at 6 a.m., although Legato is still searching for ways to attract an early morning crowd.
TRAVERSE CITY, Mich. — You have probably heard this story before: An individual spends a good deal of his/her life working, finally leaves the job and eventually decides to invest in a coin laundry — the “labor-free” business.

Be honest, whenever you hear this story, you’re likely to envision a quiet, older person who wants to learn the business, but ends up spending more time at home than the store.

You obviously haven’t met Jim Legato. Legato shatters that myth.
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Listen Up: People Don't Want Dollar Coins, Harris Poll says

Published 05/05/2008 - 9:41 a.m. CT
Only 18% of men say they would prefer a $1 coin compared to just 8% of women. (Photo courtesy U.S. Treasury Dept.)
ROCHESTER, N.Y. — You may be surprised to learn that 75 percent of respondents to the latest Harris Poll say they haven’t seen one of the presidential dollar coins in circulation. What might not surprise you is what American adults think of the dollar coins.

When asked if they prefer the paper dollar or dollar coin, only 13% prefer the dollar coin. These coins seem to be less used in the East than in any other region as just 19 percent of Easterners have seen one.
 ...Read More

Mac-Gray Goes 'Green'

Published 05/05/2008 - 9:40 a.m. CT
(Courtesy Mac-Gray)
WALTHAM, Mass. — In keeping with the recent “Earth Day” theme, Mac-Gray Corp. announced that it has saved 390 million gallons of water during the past 12 months through the installation of high-efficiency front loaders. In addition, the company looks to continue its program of decommissioning less-efficient top loaders to achieve its previously established goal of saving 500 million gallons of water.
 ...Read More
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