New company will employ 85 by 2009, divert recyclables from landfill waste stream Transfer Development Corporation, LLC has announced it will build a recycling facility in Waterloo, Indiana, to provide recycling and transfer services.
The facility is expected to cost around $8.2 million. Construction of the facility is scheduled to start in the first quarter of next year, and be completed in March, 2008.
The new facility will include two 40,000 square foot buildings, one of which will house a baler and sorting area. The second 40,000 square foot building will contain the metal buy-back center. Administrative offices and the scale office will be housed in a separate 3,000 square foot building also to be constructed at the 60- acre site.
The Indiana Economic Development Corporation will provide the company a grant of up to $35,000 to train Indiana resident employees, up to $220,000 of tax credits based on new full-time jobs and up to $350,000 of tax credits for qualified investment in the project. In addition, the Town of Waterloo will receive a grant of about $130,000 to assist with road improvements and extension of water and sewer to the building site.
Regan Ford of GRS & Associates represented the landowner in this transaction. Certain approvals are still required to complete the project. Permitting work is proceeding with the Indiana Department of Environmental Management and annexation work with the Town of Waterloo has yet to be completed. Transfer Development Corporation, LLC, is part of IWM Consulting, an Indianapolis-based facilities related consulting firm that provides environmental, in-plant and construction services to help its clients maximize assets and mitigate risks associated with site utilization and environmental concerns.