NEW Economic Report on Recycling in Pennsylvania
Harrisburg, PA – From the home, weekend event, business, or industry, a new study from the Pennsylvania Recycling Markets Center (RMC) and IHS Markit (IHS) shows Pennsylvania’s “Recycling Marketplace©” is a significant component of our environmental and economic well-being.
In the “Recycling Marketplace,” which starts with an item placed in a recycling bin and ends with a newly manufactured product using a recycled item in its composition, there is value created in the Pennsylvania economy each step of the way.
After almost 18-months of study, in the report released by the RMC, “The Economic Contributions of Recycling to the Pennsylvania Economy,” Pennsylvania’s recycling is demonstrated to have impacts as follows:
• The 6,373 companies that directly are part of Pennsylvania’s Recycling Marketplace employed over 66,000 people while stimulating almost an additional 110,000 indirect and induced jobs.
• For every job within the Pennsylvania Recycling Marketplace, an additional 1.7 jobs are supported.
• It is estimated the Pennsylvania Recycling Marketplace generated $1.7 billion in state and local taxes and $2.7 billion in federal taxes.
“We are pleased to release the results of the study, showing that recycling is not only sound environmental practice, but contributes to the economic needs of our families, communities, state, and country, said Robert Bylone, Executive Director, RMC.”
Detailed results and copy of the report can be found at www.pennrmc.org/parecyclingmarketplace