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Thursday, Mar 28, 2024

Palmdale may join Recycling Market Development Zone

PALMDALE – When he wanted to take his company in a new direction – recycling carpet instead of cloth – Ron Greitzer needed help. And money. “We had to develop machines for recycling carpet,” he said. “That had never existed before.” In 1995, his Vernon-based company, Los Angeles Fiber, got a $1 million low-interest loan to buy equipment, and Greitzer got help finding clients. His businesses is within one of California’s Recycling Market Development Zones, giving it access to below-market rate loans and other assistance. Palmdale may soon join other areas of Los Angeles County in such a zone. For the full story visit www.avpress.com/n/21/0721_s6.hts

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