From the Publisher
There are two areas that I’ve been watching rather closely. I’m waiting to see the full impact and how it will affect our markets. One area is the beaches and shoreline up and down the East Coast, from Florida up to Maine.
Over the past six to eight months, they have taken a beating from Mother Nature. From superstorm Sandy to the heavy rain that fell just recently, erosion of these beaches has been massive. Most of us don’t fully understand the herculean job it’s going to take to put these beaches back together again.
One thing is for sure, it’s going to take hundreds of millions of dollars and a lot of manpower to do it. Those of us who work in that area should be kept busy for quite a while.
The other area that’s getting a lot of interest is the EPA’s stormwater master plan. Cities and municipalities are working very diligently on this as the deadline approaches. The EPS intends to propose a rule to strengthen the national stormwater program; final action to be completed by December 10, 2014.
Requirements to control stormwater contamination are being carefully scrutinized to ensure that the work is done properly. You may have noticed that, over the past few years, more cities and municipalities have had fines levied against them by the EPA for not being in compliance.
These municipalities have been, or are in the process of, getting up to speed. What they are now realizing is the additional cost involved to become compliant, and all of a sudden we’re seeing fees being added or taxes being raised.
With all this in mind, inlet drains to control stormwater contamination is a niche in our market that has good growth potential.