The Indiana Recycling Market Development Program (RMDP) has been authorized to release $500,000 in grant funds to assist recycling businesses and to boost economic development in the state. Recycling businesses have until June 11, 2012, to apply for the grants, which are aimed at helping purchase equipment used for manufacturing recycled materials into new products.
“Providing financial assistance to recycling businesses makes good sense for the environment and the economy,” Thomas Easterly, commissioner of the Indiana Department of Environmental Management, says. “We are pleased to offer grants to help businesses that are giving a second life to materials and utilizing them in new products.”
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, according to the RMDP.
Grants range from $25,000 to $200,000 with a required 50 percent match by the individual company.
Businesses that have current RMDP projects are not be eligible to apply for this round. The RMDP will make final funding determinations of eligible projects by August.
Businesses that have current RMDP projects are not be eligible to apply for this round. The RMDP will make final funding determinations of eligible projects by August.
More information is available by phone at 800-451-6027 or by visiting www.recycle.IN.gov/5745.htm.
Latest from Recycling Today
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Oregon county expands options for hard-to-recycling items
- Flexible plastic packaging initiative launches in Canada
