Holt Believes You Must Spend Money to Substain Your Business | cnbnews.net

Sustainability is more than talk — it also requires investment. In 2011, the Holt family, which owns the Gloucester City Marine Terminal and whose separately managed affiliates operate Philadelphia’s Packer Avenue Marine Terminal among other enterprises, spent $22 million improving facilities. Recently, Holt purchased a new $5 million crane. And the company two years ago spent $42 million on a rooftop solar panel array that generates nine megawatts of electricity, enough to run its operations and sometimes generate energy for the region’s power grid. The system will pay for itself halfway through its life cycle and become a profit center.