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February 15, 2013
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News for the roofing industry

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  News & Trends 
  • Crowdfunding becomes option for small-business loans
    While many traditional lending sources remain tightfisted, small businesses are finding an alternative in crowdfunding. This article looks at SoMoLend and how it is navigating the legislative and market environment to help small businesses get capital. Some banks have climbed onboard. KeyBank says it will lend $1 million to $50 million using SoMoLend. Forbes (2/13) LinkedInFacebookTwitterEmail this Story
  • Economist: Construction employment to grow 5% in 2013
    Construction employment is expected to rise by 5% nationally this year, but for the Washington, D.C., area, that number is expected to be "a few percentage points" lower, according to Ken Simonson, chief economist for the Associated General Contractors of America. Employment growth in the D.C. area is likely to come from residential construction, not commercial or federal. The Washington Post (2/12) LinkedInFacebookTwitterEmail this Story
  • Reinforcing library roof in Calif. could cost $11M
    The Civic Center in Long Beach, Calif., needs an overhaul, but some hope the sunken library that is part of the complex can be considered a separate project. The library used to have a park on its roof, but severe leaking in 2008 led officials to order the soil removed and replaced with a waterproof membrane. Reinforcing the roof enough to reincarnate the park would cost at least $11 million. Gazette Newspapers (Long Beach, Calif.) (2/14) LinkedInFacebookTwitterEmail this Story
  Energy & the Environment 
  In the Office 
  • Leadership is about bringing dreams together
    Good leadership is about hiring the right people, then mentoring them "in a way that marries their accomplishing their dreams with our company accomplishing its dreams," says Lawrence F. Flick IV, chairman and CEO of Prudential Fox & Roach and The Trident Group. To accomplish that, leaders must learn to "connect the dots and create a vision," Flick says. (2/11) LinkedInFacebookTwitterEmail this Story
  • Manage your talent like a sports team, says former Tyco CEO
    Successful sports teams usually have a balanced roster of committed and talented players, says former Tyco International CEO Edward Breen. That's the same approach leaders should take in running their companies, Breen explains. "There's no one individual going to make a company. So I always want to put people around me who I think are better than me, who will challenge me," he says. Knowledge@Wharton (2/13) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Contractors, insurers urge reform of antiquated N.Y. scaffold law
    New York's costly scaffold law has been a cause of concern for contractors and insurers since its inception because employers are held liable, with no exceptions, for "elevation-related injuries." Construction and insurance industry representatives, including the New York chapter of the Associated General Contractors of America, are advocating that the century-old law be revised to allow employers to present proof of a worker's negligence. "Folks understand that this is everybody's problem -- except the trial lawyers," said Mike Elmendorf, president and chief executive officer of AGC New York. (2/13), American City Business Journals/Albany, N.Y./Albany Insider blog (2/12) LinkedInFacebookTwitterEmail this Story
  NRCA News 
  • NRCA announces Charlie Raymond Award winners
    During NRCA's 126th Annual Convention Feb. 3 to 7 in San Antonio, NRCA presented its Charlie Raymond Award to NRCA Senior Vice President Nelson Braddy, president and chief executive officer of King of Texas Roofing LP, Grand Prairie, Texas, and GAF, Wayne, N.J. The Charlie Raymond Award is the most prestigious membership recruitment award NRCA bestows. The award annually honors a manufacturer and an individual for their extraordinary efforts to recruit new members to NRCA. Learn more. LinkedInFacebookTwitterEmail this Story
  • NRCA will hold free fall-protection classes throughout the U.S.
    NRCA will hold its Roofing Industry Fall Protection from A to Z class free of charge in various U.S. cities through May 30. Made available for free through an Occupational Safety and Health Administration grant extended to NRCA, the one-day class discusses fall-protection systems and current OSHA state-plan requirements. The class also features hands-on equipment demonstrations and techniques for self-rescue and relief-of-suspension trauma. Learn more. LinkedInFacebookTwitterEmail this Story
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