WI: Dynamic Recycling Inc. to Open New Facility, Adding 100 Jobs
21 Oct, 2014
In a move expected to create 110 new jobs, Dynamic Recycling Inc. is opening a new facility in the Town of Onalaska to accommodate the company’s continued growth.
Dynamic Recycling, a national electronics re-marketing, recycling and scrap purchasing company, is relocating its operations from La Crosse to the old ATK Ammunition plant in Onalaska, which has been closed since 2012. The company is spending more than $2 million to renovate and upgrade the facility, which is expected to open early next year.
To secure the new jobs, the Wisconsin Economic Development Corporation (WEDC) has authorized up to $360,000 in Economic Development Tax Credits for the company over the next three years. The actual amount of tax credits awarded will depend upon the number of jobs created during that time.
“We are pleased to be able to assist Dynamic Recycling on this expansion, which will more than double the company’s existing workforce and bring new jobs to western Wisconsin,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. “This marks the company’s fourth expansion since it was founded in 2007, and is a great example of how companies of all sizes and all industries can prosper in our state because of the strong workforce and pro-business climate.”
”As a company, we are excited for the opportunities this new facility will open up to our people, our customers, the community and the state,” said Dynamic Recycling CEO Miles Harter. “Having researched numerous state business climates, I think Wisconsin has done a great job increasing their competitive position and has certainly supported our growth over the years, so for this, we are grateful.”
“After lengthy discussions with the management of Dynamic Recycling, I am convinced that this is a positively progressive move for their company,” said Onalaska Town Chair Rolly Bogert. “It allows them much needed renovating and expansion, which will enable the creation of over 100 new jobs in a very progressive and critical environmental need. We look forward to a long-term relationship that will bring positive economic growth to the Town of Onalaska.”
Lisa Herr, executive director of the 7 River’s Alliance, a regional economic development organization added: “Dynamic Recycling’s expansion and continued growth is a good indicator of the region’s support for green business practices that work from a financial perspective. The community wins when the state and local government work together to support business growth.”
The company recycles items such as IT equipment, consumer electronics, medical equipment, appliances, and light bulbs and ballasts. The company most recently expanded in 2012, which added 20,000 square feet to its 40,000-square-foot facility in La Crosse. Because of increased customer demand, Dynamic Recycling already has outgrown that location. In the new facility, the company will occupy 170,000 square feet of the 250,000-square-foot building.
About the Wisconsin Economic Development Corporation The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing Wisconsin’s business climate. WEDC nurtures business growth and job creation by providing resources, technical support and financial assistance to companies, partners and communities in Wisconsin. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation and international business development. Together with more than 600 regional and local business development partners, it represents a highly responsive and coordinated network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.