Company plans to build recycling plant in Indiana.

Transfer Development Corp. LLC has announced that it will build a recycling facility in Waterloo, Ind., to provide recycling and transfer services.

Construction of the facility, which is expected to cost $8.2 million, is scheduled to start in the first quarter of 2007 and to be completed in March of 2008. Transfer Development Corp. plans to employ 85 people full-time at the facility by 2009.

The new facility will include two 40,000-square-foot buildings, one of which will house a baler and sorting area. The second 40,000-square-foot building will contain the metal buy-back center. Administrative offices and the scale office will be housed in a separate 3,000-square-foot building also to be constructed on the 60-acre site.

The Indiana Economic Development Corp. will provide the company a grant of up to $35,000 to train Indiana resident employees, up to $220,000 of tax credits based on new full-time jobs and up to $350,000 of tax credits for qualified investment in the project. In addition, the Town of Waterloo will receive a grant of about $130,000 to assist with road improvements and extension of water and sewer to the building site.

The town of Waterloo, through the DeKalb County Economic Development Partnership, and the state of Indiana, through the Indiana Economic Development Corp. (IDEC), are working to provide Transfer Development Corp. a package of performance-based incentives to assist with the project. The IDEC will provide the company with a grant of up to $35,000 to train Indiana employees, up to $220,000 of tax credits based on new full-time jobs and up to $350,000 in tax credits for qualities investment in the project. The town of Waterloo will receive a grant of roughly $130,000 to assist with road improvements and extension of water and sewer to the building site.

Transfer Development Corp. is part of IWM Consulting, an Indianapolis-based consulting firm providing environmental, in-plant and construction services.