ISRI released a study highlighting the significant economic and environmental impact of the U.S. scrap recycling industry. The study, commissioned by ISRI and undertaken by John Dunham and Associates, looks at different kinds of economic activity – jobs and exports – and both direct and indirect economic impacts at the national, state, and congressional district levels.
The economic analysis shows that the U.S. scrap recycling industry is a major economic engine powerful enough to create 471,587 jobs and generate $11.2 billion in tax revenues for governments across the country, all while making the old new again and helping to protect the earth’s air, water, and land for future generations.
The U.S. scrap recycling industry is particularly important because its operations are so widespread. In fact, the total economic activity generated by scrap recycling in the United States is $105.8 billion, making the industry similar in size to the nation’s data processing and hosting industry, the dental industry, and the automotive repair industry.