Economic development in the reuse and remanufacturing sector is a huge opportunity for San Diego County. The Materials Marketplace provides the data foundation on what materials are available in the region, and connects them to eager entrepreneurs and intrapreneurs.
- Globally, the transition to a circular economy is a trillion dollar business opportunity, with the potential to create 100,000 new jobs by 2019. (Ellen MacArthur Foundation, 2014).
- Economic impact studies from similar municipalities make a strong business case for emerging reuse and recycling businesses. In Austin, the sector is projected to grow from $720 million in 2014 to over $1 billion.
- This program - which received the 2015 Gold Excellence Award from the International Economic Development Council - will help bring these circular economy benefits to the San Diego region.
- Innovative new economic development programming can also be integrated into the project, helping inspire and enable entrepreneurs to create reuse and remanufacturing businesses.