ChrWright
May 18th, 2010, 10:59 AM
http://online.wsj.com/article/SB10001424052748703460404575244812466388810.html?m od=WSJ_Technology_RIGHTBottomSBHeadLines
...The new law went into effect in April, but the hazards of lead-based paint have long been known and many businesses have been taking precautions to protect against lead poisoning since the late 1970s.
But small businesses with limited cash flow, including home-repair providers, property-management firms and even landlords, say that while they support the ruling's health benefits, they are concerned about its costs.
Michael Davis, chief executive of Guardian Preservation Services Inc., a Chicago mold-removal company, figures the new ruling will add $160,000 to $300,000 a year in equipment and labor expenses. He's concerned about his ability to pass the extra expense along to homeowner customers, who have already reined in spending.
"We expect profits to decrease by about 12% if we can't recoup the cost from the client," says Mr. Davis.
more... (http://online.wsj.com/article/SB10001424052748703460404575244812466388810.html?m od=WSJ_Technology_RIGHTBottomSBHeadLines)
...The new law went into effect in April, but the hazards of lead-based paint have long been known and many businesses have been taking precautions to protect against lead poisoning since the late 1970s.
But small businesses with limited cash flow, including home-repair providers, property-management firms and even landlords, say that while they support the ruling's health benefits, they are concerned about its costs.
Michael Davis, chief executive of Guardian Preservation Services Inc., a Chicago mold-removal company, figures the new ruling will add $160,000 to $300,000 a year in equipment and labor expenses. He's concerned about his ability to pass the extra expense along to homeowner customers, who have already reined in spending.
"We expect profits to decrease by about 12% if we can't recoup the cost from the client," says Mr. Davis.
more... (http://online.wsj.com/article/SB10001424052748703460404575244812466388810.html?m od=WSJ_Technology_RIGHTBottomSBHeadLines)