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.

Materials reuse has deep impacts through the entire value chain, including landfill diversion, energy reduction, land use impact reductions, and water use reductions.

  • Materials Marketplace activities have the potential to trigger a number of key reporting indicators for your business, especially around the use of recycled input materials, energy conservation measures, total weight diversion, and initiatives to mitigate impacts of products or services.
  • Environmental impact metrics are calculated and reported by the project team at the conclusion of each transaction.

Leading companies and municipalities around the world are looking to materials reuse as a strategy to reduce GHG emissions.

  • Material production and use comprises 42% of system-wide GHG emissions in the United States, according to US EPA. Recognizing material reuse as a carbon reduction strategy under the administration’s clean power plan is one opportunity we're exploring to help engage businesses in value producing circular systems and unleash tremendous creativity.
  • Like other metrics, GHG reductions in the Materials Marketplace are calculated using the EPA WARM model and other LCA tools, and reported back to participants at the conclusion of each transaction.

The Materials Marketplace helps companies access cheaper feedstocks, and avoid costly landfill disposal fees.

  • Marketplace participants benefit from significant economic savings by sourcing cheaper feedstocks from both industrial by-products and post-consumer recycled materials. 
  • On the flipside, businesses using the marketplace to find outlets for their by-products and waste materials are able to avoid costly landfill tipping fees and waste hauling services.
  • In the Austin Materials Marketplace, active since August 2014, businesses and organizations have saved and created over $80,000. And we're just getting started.
  • Many businesses participating in Materials Marketplace projects are able to generate a significant amount of revenue from recycling and reuse. General Motors, for example, has generated nearly $1 billion in annual revenue through reuse and recycling of its by-products.