MassDevelopment has announced a $7.1 million financing package for Stoughton Recycling Technologies.
The company is using the tax-exempt bond proceeds to construct and equip a 42,000-square-foot construction and demolition debris recycling facility. When fully operational, the recycling center will process some 800 tons of glass, brick, concrete, steel, wood, asphalt, carpet and gypsum each day, according to a news release from MassDevelopment.
The company will recycle the material into a variety of end products, including wood fuel and pothole patch. Plans call for hiring 21 new employees once the build-out is complete.
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