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Missouri Market Development Program: Promoting Recovered Materials and Recycled Products

The Missouri Market Development Program (MMDP), established in 1990 through SB 530.260.335 RSMo, fosters the growth of markets for recycled materials. With an annual funding of $800,000 from the Solid Waste Management Fund, MMDP provides financial assistance for equipment and technical support to improve manufacturing processes using recovered materials. This initiative not only promotes environmental benefits like pollution reduction and energy conservation but also stimulates economic growth by creating jobs and reducing business costs.

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Missouri Market Development Program: Promoting Recovered Materials and Recycled Products

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  1. issouri arket evelopment rogram

  2. Formed in 1990 through SB 530 260.335 RSMo ...(to) fund activities that promote the development and maintenance of markets for recovered materials. MMDP Enabling Legislation

  3. Recycling Market Development • Helps ensure that collected recyclables are used as raw materials to make new products that are purchased and used by consumers.

  4. MMDP Administration

  5. Other MMDP Partners

  6. MMDP Funding • $800,000 from the Solid Waste Management Fund annually.

  7. MMDP Provides

  8. MMDP Financial Assistance • Equipment used in the manufacture of products from recovered materials • Equipment used in the final processing of recovered materials into feedstock.

  9. Financial Assistance • Equipment used in Manufacturing products from recovered material or • in the Final Processing of materials into feedstock • 75% of specific equipment cost up to $50,000 • Equipment must “add value” • Applications accepted at any time

  10. FA Evaluation Criteria • Secure source of recovered materials • Commercially proven technology • Managerial ability of applicant • Financial ability to implement project • Viable market for finished product

  11. MMDP Technical Assistance • Plant layout • Optimizing efficiency of manufacturing processes • Marketing or business planning • Product feasibility • Market analysis • Web site development and training

  12. Information Services • Locating and procuring feedstocks • Promoting Missouri recycled-content products • Recycled Products Directory • Industrial Materials Exchange • Buy Recycled workshops • Support for national and regional organizations and initiatives

  13. Why Does it Matter? - Environmental Benefits • Reduces pollution and conserves natural resources • Saves energy and reduces greenhouse gases • Reduces waste disposal • Stimulates the state’s development of green technologies

  14. Economic Benefits • Helps leverage additional investment in MO businesses . • Hundreds of Missouri jobs created or retained • Mil. $ in cost savings to businesses

  15. MMDP FA Summary * Estimates provided by projects

  16. MMDP TA Summary * Estimates provided by projects

  17. Opportunities

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