Recycling Market Development Zone Revolving Loan Program

Recycling Market Development Zone Revolving Loan Program

The Recycling Market Development Zone (RMDZ) program combines recycling with economic development to fuel new businesses, expand existing ones, create jobs, and divert waste from landfills.

The Department of Resources Recycling and Recovery (CalRecycle) administers a Recycling Market Development Zone Loan Program to encourage California-based recycling businesses located within California financing businesses that prevent, reduce, or recycle recovered waste materials through value-added processing or manufacturing. The purpose and importance of the RMDZ Program is set forth in Section 42001 of the California Public Resources Code:  “The purpose of this chapter [is] to stimulate the use of postconsumer waste materials and secondary waste materials generated in California as raw materials used as feedstock by private business, industry, and commerce.”

Details

• Agency: Department of Resources Recycling and Recovery
• Type: Loan
• Funding Source: State
• Estimated Awards: Dependant on number of submissions received, application process, etc.
• Award Amount: Dependant on number of submissions received, application process, etc.
• Funding Method: Advance(s)
• Matching Funds: Not Required
• Geography: All projects must be located in California, preferably in a CalRecycle designated RMDZ, which can be determined by entering the project physical address into the CalRecycle RMDZ Zone Search, Map, and Profiles section of the web site.

Categories

Environment & Water

Eligible Applicants

Business; Nonprofit; Public Agency