According to Recycling Today media, Ecore International, based in Lancaster, Pennsylvania, is set to receive $10 million in Federal New Markets Tax Credit allocation from UB Community Development LLC (UBCD), a community development subsidiary of United Bancorporation of Alabama.

This funding will support Ecore's tire recycling facility in Ozark, Alabama, where end-of-life truck tires will be recycled to produce flooring and surfacing products. The facility is repurposing a 225,000-square-foot manufacturing plant and is expected to create 75 jobs. Ecore's products will include high-performance surfaces for various applications, sourced from used truck tires collected in the surrounding region.

“We appreciate UBCD’s mission to invest in communities because, like UBCD, we believe when our people and our communities prosper, we prosper,” Ecore CEO Art Dodge says. “We are pleased to be establishing this world-class manufacturing and recycling facility in Ozark, Alabama.”

For further details, you can view the full article by Recycling Today.