January 3, 2024
Will the 2030 Solid Waste Master Plan create new opportunities for your business?
Massachusetts has published the new 2030 Solid Waste Master Plan. The Plan sets aggressive waste reduction goals and places an increased emphasis on building new recycling markets in Massachusetts. The Plan also establishes new waste disposal bans.
Effective next year on November 1, 2022:
- Mattresses will be banned from disposal.
- Textiles will be banned from disposal.
- The threshold for the commercial organics disposal ban will be lowered to apply to businesses generating one-half ton (currently at one ton) or more of food material per week.
Administered by BDC Capital, and funded by the Massachusetts Department of Environmental Protection, the Recycling Loan Fund is an excellent way to obtain the financing you need for companies engaged in recycling, composting, and anaerobic digestion in Massachusetts.
Loans range from $50,000 to $500,000, and are used to help Massachusetts businesses active in recycling-related activities obtain the capital needed for any reasonable business purpose.
For a low cost, fixed rate financing, the Recycling Loan Fund can offer your business incentive financing with fixed rates as low as 2.0%!
Some examples of businesses we have financed include:
- Anaerobic digester facility
- Asphalt plant
- C&D processing facility
- Composting facility
- Converter of paper with recycled content
- Electronics recycler
- Manufacturer of recycled-content plastic products
- Paper and document shredder
- Scrap metal dealer
- Waste hauler
ABOUT BDC CAPITAL:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. Many of New England’s leading financial institutions invest in BDC to help promising companies expand. Since our creation in 1953, we have invested more than $1 billion in thousands of companies in New England.
Whether the need is $50,000 or $10 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, senior debt, junior secured debt, mezzanine investments and private equity options, all of which are customized to suit the needs of a business.
Our affiliate, CDC New England, provides SBA 504 loans for owner-occupied real estate and equipment.
For more information, visit our web site, call us at 781-928-1100, or contact:
Carol C. Brennan