What is market development of
recyclables?
Market development is the creation and development of markets for products
made in part from postconsumer waste materials diverted from the waste stream. When these
diverted materials are used to produce new products, the products are referred to as
recycled-content products.
Why is market development for
recyclables important?
As California's population grows, so will the estimated 92 million tons
of waste generated each year. One way California can manage this waste
is by manufacturing quality products out of these materials...before
they reach the landfill.
What other benefits can we foresee from market development of
recycled materials?
Jobs. An estimated 20,000 jobs could be created in California's manufacturing
sector, plus another 25,000 jobs in sorting and processing, and tens of thousands more in
ancillary jobs.
Are there barriers to developing markets for recycled materials?
Financial barriers (e.g., difficulties businesses face in obtaining long-term credit):
The RMDZ loan program was designed to address the
financial barriers by providing low-cost, long-term financing.
Why is the loan program so important to recycling businesses?
Many conventional lenders hesitate to fund recycling-based manufacturing
because, in their view, it involves unproven technologies. Although the RMDZ loan program
requires the same types of security collateral as a conventional lender, familiarity with
the industry enables the Board to finance new, yet promising, recycling technologies.
More RMDZ loan information...
What incentives are local communities providing to businesses?
Check RMDZ Zone Profile pages to see what
each local community offers recycling manufacturers as incentives.
How has the RMDZ program helped other businesses?
For examples of what other businesses have done with help from this
program, see the business profiles.
Does my business reside in a qualifying area of California?
To find out, conduct a search of your address.
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