Recycling is big business in the Golden State. To encourage more manufacturers to create products from materials that would normally end up in landfills, California has created 40 Recycling Market Development Zones.
The zones operate like enterprise zones. Companies locating there can take advantage of incentives offered by utility companies and local governments. Manufacturing firms that create a value-added product from recyclable materials enjoy an extra advantage: They can apply for low-interest loans for equipment, property, refinancing debt or working capital. The loans can be for no more than 50 percent of the total cost of a project up to $1 million.
Both start-up and established firms can benefit from the zones, which have a 10-year life span. In addition to paper, aluminum, glass and plastic, the program is open to any product traditionally put into the state's waste stream.
For more information, call (916) 255-2319.