Good news for going green – the U.S. recycling industry has generated over $87 billion in economic activity this year, and currently provides about 463,000 jobs. Scrap companies have contributed an estimated $4 billion to state and local governments.
A recent study with these findings was conducted by John Dunham & Associates Inc., based in New York. The group has estimated that the industry provides revenue of almost $4 billion in state and local taxes and $6.3 billion in federal taxes which are paid by companies and the workers they employ.
The report also explained that U.S. scrap exports to nearly 160 countries brought in $27.8 billion in sales last year. International trade is a key part of the U.S. economy, and almost $2.2 trillion in total goods and services have been exported from the U.S. since 2012.