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New York Expands Recycling Market Development
Effort
Legislation signed by New York Gov. George Pataki
broadens the investment authority of Empire State Development's
(ESD) Office of Recycling Market Development. The new law authorizes
the creation of the Environmental Investment Program (EIP) which
will award funds to qualified New York businesses, non-profit
organizations and municipalities on behalf of businesses.
Under the program,
EIP will invest funds appropriated from New York's Environmental
Protection Fund for capital projects; research, development, and
demonstration of new products and technologies and technical assistance
to help businesses achieve pollution prevention and recycling
results. Proposals to the Environmental Investment Program are
reviewed on a competitive basis. The deadline for proposals is
September 28, 1999.
The new program
replaces and expands upon the objectives of ESD's long-running
Recycling Investment Program which has provided more than $23
million in recycling grants resulting in a tripling of the state's
recycling rate from 15 to about 40 percent.
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