Economic development in the reuse and remanufacturing sector is a huge opportunity for Ohio businesses. The Ohio Materials Marketplace provides entrepreneurs and intrapreneurs with detailed information about materials available in the region.
- 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 other U.S. municipalities make a strong business case for emerging reuse and recycling businesses.
- The Materials Marketplace - which received the 2015 Gold Excellence Award from the International Economic Development Council - helps bring these circular economy benefits to the state of Ohio.
- Innovative new economic development programming can also be integrated into the project, helping inspire and enable entrepreneurs to create reuse and remanufacturing businesses.