The November 2013 edition of Florida Trend has CEO Eric Higgs of LumaStream on the cover. His St. Petersburg-based company manufactures LED lighting systems, mostly for commercial clients.
LEDs – or light emitting diodes – are a huge step up from incandescent bulbs. They use 75% less energy, last years longer, and their prices have been dropping. Customers save on their electric bills. And the fossil-fueled plants that provide electricity here in Florida churn out fewer greenhouse gas emissions.
The first reason to rejoice is that a green business is featured on the cover of a major business magazine. This kind of notice shows people that green businesses are here, making profits and creating jobs.
The second reason to smile is that CEO Higgs is reshoring his operations from China to St. Petersburg. He is part of a larger trend of manufacturers returning their operations to the U.S. According to Florida Trend, Higgs expects to create about 1,000 jobs over the next 5 years.
That’s the green economy at work. More profits, less pollution, and a healthier planet.
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