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THE STATE OF CALIFORNIA DESIGNATES THE WILMINGTON INDUSTRIAL PARK AS A RECYCLING MARKET DEVELOPMENT ZONE

THE STATE OF CALIFORNIA DESIGNATES THE WILMINGTON INDUSTRIAL PARK
 AS A RECYCLING MARKET DEVELOPMENT ZONE
 WILMINGTON, Calif., June 26 /PRNewswire/ -- The Wilmington Industrial Park, established as a redevelopment project in 1974 by the Community Redevelopment Agency (CRA), has received designation as a "Recycling Market Development Zone" offering new incentives for businesses which use recycled materials in the manufacture of goods.
 The California Integrated Waste Management Board (CIWMB) on Wednesday established a zone at the industrial park and 11 other areas across the state, providing access to tax credits, low-interest loans, local permit streamlining and other incentives to businesses which participate in the recycling program.
 The program -- the first of its kind in the nation -- offers incentives to businesses which use recycled materials or "postconsumer waste feedstock" such as old tires, paper, tin, newsprint, corrugated cardboard, plastic, glass and ferrous metals in the production of their products.
 "Recycling makes good environmental sense and we strongly encourage businesses in the Wilmington Industrial Park to participate in the program," said CRA Administrator Ed Avila. "The program also is good for business because it offers additional tax and business incentives for companies which conduct business or relocate there."
 The recycling program, which supports both environmental and economic development goals, is a cooperative effort of the CRA, the Integrated Solid Waste Management Office of the City's Department of Public Works and the City's Community Development Department (CDD).
 The 232-acre Wilmington Industrial Park offers business and industry a unique opportunity to penetrate the burgeoning Pacific Rim market. The park is located near the bustling ports of Los Angeles and Long Beach which comprises the No. 1 seaport complex in the United States -- handling more than 70 million tons of cargo a year.
 The industrial park, known officially as the Los Angeles Harbor/Industrial Center Redevelopment Project, is located within an area designated by the State of California as a tax-advantaged Enterprise Zone with M2 industrial zoning and a variety of assistance programs provided by the CRA. The agency has also invested more than $7 million in street and other public improvements at the park in support of revitalization efforts.
 The park is home to approximately 75 individual businesses and has attracted more than $27 million in private investment and generated more than 1,000 new jobs in a wide variety of industries including petroleum extraction, food processing and canning and bottling, clothing manufacturing, international air cargo, among others.
 The recycling program, mandated in 1990 by the adoption of SB 2310, was designed to stimulate demand for recycled postconsumer waste materials generated in California. Cities and counties across the state, which generate 44 million tons of trash a year, are required to reduce 25 percent of their waste by 1995 and 50 percent by the year 2000.
 For information on the Wilmington Industrial Park, contact the CRA project site office at 310-521-0700.
 -0- 6/26/92
 /CONTACT: Marc Littman or Charles Sifuentes of CRA, 213-977-1951/ CO: Community Redevelopment Agency ST: California IN: SU: AL -- LA029 -- 4425 06/26/92 19:46 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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