Plastic Recycling Solutions Investing $25M in Richmond, Indiana
10/05/2010
"We are excited to join Richmond, Indiana - a great community and state - that enables businesses to grow and offer opportunity," said David Bender, Perpetual Recycling Solutions CEO. "We represent a green sector of the economy that is growing at 40 percent. Our work is good for the economy of Richmond and Indiana and good for the environment. We will create jobs and opportunity, and give back to the community."
The Indiana Economic Development Corporation offered Perpetual Recycling Solutions up to $500,000 in performance-based tax credits and up to $50,000 in training grants. The board of directors for the Economic Development Corporation of Wayne County has also approved a $475,000 grant for equipment, training, and real estate improvements. The Richmond Common Council will consider additional property tax abatement.
The company will convert approximately 130 million pounds of post-consumer polyethylene terephthalate (PET) plastics from bottles each year. The material is repurposed for food and beverage packaging.
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024