The State of Indiana has released $500,000 in grant funds through its Recycling Market Development Program (RMDP) to aid recycling businesses and economic development in Indiana. Recycling businesses can apply for the grants through September 26 to help purchase equipment for manufacturing recycled materials into new products.
"Recycling involves finding uses for existing materials and developing consumer markets for recycled-content products. Providing financial assistance to recycling businesses makes good sense for the environment and the economy," said Indiana Department of Environmental Management (IDEM) Commissioner Thomas Easterly.
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. Financially supporting the development and marketing of recyclables can lead to the creation of more Hoosier jobs.
Recycling involves finding uses for existing materials and developing consumer markets for recycled-content products. Commissioner Easterly explained that a Recycling Market Development Program grant should be considered if a business is looking for equipment to help reduce waste streams, expand manufacturing, or use recycled-content material in the manufacturing process.
Grants will range from $50,000 up to $200,000 with a required 50 percent match. Businesses that have current RMDP projects will not be eligible to apply for this round. The Recycling Market Development Board will make final funding determinations of eligible projects by the end of this year.
For additional information about the Recycling Market Development Program or to apply, call (800) 451-6027 or visit IDEM's website at www.recycle.IN.gov/5745.htm.
The Recycling Market Development Program operates under the Recycling Market Development Board as established by IC 4-23-5.5. The grant and loan money for the RMDP comes from the Recycling Promotion and Assistance Fund, an account generated by a per-ton fee on solid waste disposed at Indiana landfills. The fund supports source reduction, reuse, recycling and composting to prevent solid waste from permanent disposal.
IDEM (www.idem.IN.gov) implements federal and state regulations regarding the environment. Through compliance assistance, incentive programs and educational outreach, the agency encourages and aids businesses and citizens in protecting Hoosiers and the environment.
« Back to News Release List
Link to this event: