Commissioner Wayne Johnson, Mayor Richard Berry and Friedman Recycling CEO David Friedman formally cut the ceremonial ribbon on Friedman Recycling, a new state-of-the-art single-stream materials recovery facility.
The brand new facility is part of a public/private partnership between the City of Albuquerque and Friedman Recycling.
Bernalillo County sponsored $16 million in industrial revenue bonds to help make this project a reality, which reduces the amount of gross-receipts and property taxes the company will have to pay.
Taxpayers won’t finance the bonds – the bonds were acquired through private investors. This project will bring 35 permanent jobs and 135 temporary construction jobs.
The Bernalillo County Commission has sponsored economic incentives for many projects in recent years that have brought in millions to the local economy.
The new plant is located at 5049 Edith Blvd. NE and will take plastic bottles, cans, small e-waste, corrugated cardboard, chip board, plastics, pots and pans and paper.
It is estimated that 120,000 tons of recyclable material will be sorted at the new facility each year, helping to reduce the amount of trash that is sent to the landfill.
Pictured are Friedman Recycling CEO David Friedman, Albuquerque Mayor Richard Berry, and District 5 Commissioner Wayne Johnson.
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