Rapid Processing, LLC received approval for about $866,000 from the New York City Industrial Development Agency. The IDA is a part of the city’s Economic Development Corp. The goal of the agency is to create and retain jobs in industrial and manufacturing in the city.
For Rapid Processing, the company was looking to relocate from its Brooklyn facility to a location in Queens. While the new facility was smaller than their present location, the design and set up would allow the company to operate more efficiently.
Along with receiving sales and tax benefits from the city agency, Rapid also was able to get a reduced energy rate through the city agency.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
