Businesses in the state may submit applications through June 3, 2013.
The state of Indiana’s Recycling Market Development Program (RMDP) has been authorized to release $500,000 in grant funds to assist private recycling businesses in boosting their businesses in the state. Companies interested in the program have until June 3, 2013, to apply for the grants that are aimed at helping purchase equipment for manufacturing recycled materials into new products.
“Providing financial assistance to recycling businesses makes good sense for the environment and the economy,” says Indiana Department of Environmental Management (IDEM) Commissioner Thomas Easterly. “We are pleased to offer grants to help businesses that are giving a second life to materials.”
The program’s grants are awarded for business recycling projects that reduce solid waste disposal, increase Indiana’s capacity for recyclable material manufacturing and increase the use of recycled-content products.
Grants will range from $25,000 up to $200,000. Grant recipients are required to provide a 50 percent match. Businesses that have current RMDP projects will not be eligible to apply for this round of grants.
The Recycling Market Development Board will make final funding determinations of eligible projects by August.
For additional information about the Recycling Market Development Program or to apply, call (800) 451-6027 or visit IDEM's Recycle Indiana website at www.recycle.IN.gov.