R.I. cities, towns share in $1.94M recycling profits
CORUTESY THE R.I. RESOURCE RECOVERY CORPORATION
MUNICIPAL OFFICIALS from across the state join Governor Chafee and Rhode Island Resource Recovery Corporation Executive Director Mike OConnell at RIRRC's fiscal year 2012 recycling profit sharing ceremony. The officials were on hand to accept their municipality's share of the year's $1.94 million recycling profit.
COURTESY THE R.I. RESOURCE RECOVERY CORPORATION
RHODE ISLAND'S 39 municipalities were awarded a share of the $1.94 million collected for selling the state's recyclables during fiscal 2012.
JOHNSTON – On Thursday Gov. Lincoln D. Chafee joined the R.I. Resource Recovery Corporation to distribute $1.94 million in recycling profits to the state’s 39 municipalities.
The $1.94 million, which was collected by selling recyclables during fiscal year 2012, is earmarked to be reinvested in each municipality’s respective recycling program.
“It is an absolute pleasure to take part in today?s profit-sharing ceremony,” Michael OConnell, RIRRC executive director said in a statement. “In the current economic climate, where municipalities are universally tightening their belts, every little bit helps.”
“Because the recycling markets performed well during the past year, Rhode Island’s municipalities are receiving a greater return than in 2011 – and when our municipal partners benefit, we benefit,” said OConnell, adding that the RIRRC is excited to see what positive changes the communities enact with their portion of the funds.
According to the release, the RIRRC expects municipalities to use the funds to invest in different aspects of their recycling programs, including purchasing automatic “toter” recycling carts, increasing education outreach in local schools and increasing informational collateral materials to help bolster recycling activity statewide.
Providence received the largest portion, 10.5 percent of the recycling profits, or $203,517. Warwick and Cranston followed up at 10.3 percent, or $200,300, and 7.8 percent, or $151,352, respectively.
“The annual profit-sharing event displays how the simple act of recycling yields a true economic benefit for the state of Rhode Island,” said the RIRCC release, which added that recycling in the Ocean State has become easier with the initiation of Recycle Together R.I., a program that lets state residents recycle plastic, glass and cardboard together.
During July 2012, the first full month of the single-stream recycling operation, the RIRCC processed 400 tons of recyclable material per day, a 7.5 percent increase from the same period in 2011.
“With Recycle Together RI, we are making it easier than ever for Rhode Islanders to recycle – and the benefit of that effort is clear. It?s represented in every dollar in the checks distributed here today,” said OConnell.
“It?s plain and simple – for every single item that lands in a recycling bin rather than the trash, we extend the life of the landfill, we help protect our local environment and, most importantly, we save money for the cities and towns of Rhode Island,” added O’Connell.
Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.