State Awards $2.5 Million in Loans to Recyclers: As part of a program to help local governments meet state requirements to increase recycling, the California Integrated Waste Management Board will give low-interest loans to seven companies. The low-interest loans--ranging from $50,000 to $600,000--will be used by the businesses to buy equipment or provide working capital in certain geographical areas termed recycling market development zones. Two of the winners are new businesses, including TCG Group Inc., a Michigan-based company that will build a facility to manufacture steel shot from scrap in the Los Angeles development zone.
From Times Staff and Wire Reports
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