Scrap and Recycling Industry
Scrap and Recycling Industry
Here at Cleveland Scrap Cars we are continuously keeping abreast on the scrap and recycling industry news. Although our businesses’ focus is strictly centered on being a buyer of scrap cars, we report on industry happenings that expand beyond our realm. A recent study quantifies the economic scope of the business within the US economy, which may be surprising to many.
On May 26, 2015 recyclingtoday.com had a story titled ‘ISRI study on the economics of recycling’ with the following info: “The Institute of Scrap Recycling Industries (ISRI) released a economic study that shows the recycling industry accounts for nearly 1/2 a million jobs in the US & generates more than $105B annually in economic activity. The firm of Dunham & Associates conducted the study, which explores the scrap industry in terms of employment, tax generation & overall economic benefits.
The survey finds that since 2013 direct employment in the industry increased by 8%, direct economic activity increased by 30% and tax revenue generated has increased by about 8%. According to the report, the recycling industry is responsible for 471,587 direct & indirect jobs in the US, of which 149,010 are direct jobs. Direct jobs include those in facilities that process scrap materials into new, usable commodities. Indirect jobs come from those that supply machinery, equipment & services to processors and the wages and taxes paid by the scrap recyclers to their workers & suppliers.
According to the industry study:
- Generates about $4.4B in state & local revenue annually and $6.8 billion in federal taxes are paid each year by the industry & its employees.
- The scrap recycling industry accounts for 0.68% of the US’ total economic activity.
- Exports account for 26.8% of the industry’s economic activity, creating roughly 125,276 jobs.
- Export activity generates $28.3B in economic benefits, including $1.3B in federal tax revenue and $1.7B in state & local taxes.”
The complete article is available here:
http://www.recyclingtoday.com/isri-2014-scrap-recycling-industry-economics.aspx
We are a buyer of scrap cars proudly serving the areas of Macedonia, Berea and Geauga County. Additionally, we offer our scrap a car in Cleveland well beyond just the city limits to include most of Lorain County, Streetsboro and Mentor. For a quote for an old car in Willoughby, Lyndhurst and Highland Heights, simply call us at (216) 282-JUNK. To sell your junk car in Moreland Hills, Maple Heights and University Heights, you first need to get a cash price, which is just to obtain a quote for an old car. Our buyer of scrap cars is available Monday through Saturday in Warrensville Heights, Euclid and Garfield Heights. The quote for an old car is influenced by factors including condition and whether the vehicle is located nearby (such as in Lakewood, Linndale Village or Newburgh Heights) or in the outer suburbs (such as Middleburg Heights, Eastlake or Twinsburg). The requirements to scrap a car in Cleveland, Parma & Beachwood are that you have the title and a valid form of ID. To sell your junk car in Bedford, Bentleyville Village and Tremont, the vehicle can be in either a wrecked, damaged or disabled condition. Our buyer of scrap cars will provide you a fast quote for an old car (regardless of condition) and in most cases be able to coordinate same-day removal of your scrap or junk car. To receive same-day pickup when you sell your junk car in Bratenahl, Chagrin Falls or Mayfield Heights, you just need to call before 2PM. If calling after 2PM from the areas of Lake County, South Euclid and Cleveland Heights we will buy your junk car the next day. Residents of Wickliffe, Brecksville and Bainbridge with a car facing a high-cost repair bill may consider scrapping the car. In the regions of East Cleveland, Chesterland, Seven Hills, even if the vehicle’s transmission or engine is damaged—will pay cash for it. Those seeking cash for cars in Solon, Walton Hills & Northfield are encouraged to call for a junk car quote. Have an old car in Cuyahoga Heights, Oakwood Village or Glenwillow that won’t pass e-check? Is your car sitting at a repair shop in Aurora, Collinwood or Sagamore Hills? It may be time to turn your non-running car into cash!