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Waste & Recycling August 17, 2017 06:30:20 AM

Dynamic Recycling to Add 140,000 Square Feet, 150 Jobs with Expansion

Waste Advantage
ScrapMonster Contributor
The expansion is expected to add 150 jobs, nearly doubling the workforce of Dynamic Recycling, which also has facilities in the Twin Cities and Nashville, Tenn.
Dynamic Recycling to Add 140,000 Square Feet, 150 Jobs with Expansion

SEATTLE (Waste Advantage): Dynamic Recycling is expanding for the fifth time in a decade. Company officials celebrated a visit by Gov. Scott Walker on Monday that highlighted a 140-000-square-foot expansion project that began in May. The extra space will boost the processing capacity for scrap and electronic recyclables, as well as provide additional office space for the company.

Company CEO Miles Harter said the hope is for the new facility to come online in early 2018, as the company already has outgrown its current space. The expansion is expected to add 150 jobs, nearly doubling the workforce of Dynamic Recycling, which also has facilities in the Twin Cities and Nashville, Tenn.

“We can do good while making a profit doing it,” Harter said. “We have a goal of recycling more than 100 million pounds next year.”

To help finance the expansion, Dynamic Recycling will be eligible for more than $500,000 in tax credits from the Wisconsin Economic Development Corp. in exchange for job creation. The company also will receive $17 million in Industrial Revenue Bonds, which provide loans at low interest rates, to help finance the $20 million project.

Dynamic Recycling recycles, tests and refurbishes items such as IT equipment, consumer electronics, medical equipment, and electronic and non-ferrous scrap, such as copper and aluminum. Harter said the state incentives will help the company pay for additional recycling equipment, replacing work that is currently done internationally.

Harter said support and incentives from WEDC have been essential to the company’s growth during the past decade, such as $360,000 in tax credits the company was awarded when it relocated to the town of Onalaska.

Courtesy: https://wasteadvantagemag.com

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