RMDZRecycling Market Development Zones
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Itec Environmental Group Inc., Riverbank, Calif., has received confirmation that a $2 million low-interest loan from the California Integrated Waste Management Board (CIWMB) was placed in escrow with First American Title of California in connection with the Recycle Market Development Zone Loan (RMDZ) Program.
Ecology Center, which collects and transports recyclables to the processor under contract with the city, received a $480,000 RMDZ loan to purchase equipment and upgrade its site, enabling the organization to add mixed paper, cardboard and magazines to the city's curbside collection program.