Recognized as one of the first green industries, the scrap recycling industry creates and supports jobs while having a positive impact on the environment. An April 2017 impact analysis study was conducted to document the size and scope of the scrap recycling industry in the United States and its significant impact on the U.S. Economy.
The study shows that companies in the scrap recycling industry support directly and indirectly almost 535,000 well paying jobs in the U.S. Generating more than $116.9 billion annually in economic activity. According to the study these workers earn more than $34.3 billion in wages and benefits. While the industry pays more than $13.2 billion in federal, state, and local taxes.
Cozzi Recycling, its employees, and customers are a part of the scrap metal recycling Industry which is a major link in the manufacturing chain.
We’ll tell you more about the study and the benefits of scrap recycling in the near future.