August 30, 2021
TRENTON, NJ (MERCER)–The City of Trenton and TerraCycle, a global waste innovation company located in 22 countries and headquartered in Trenton, N.J., celebrated the transfer of two vacant city lots to TerraCycle for use in expanding its operations in the Capital City this afternoon.
Mayor W. Reed Gusciora; Tom Szaky, Founder and CEO of TerraCycle; and George Sowa, Executive Director of Greater Trenton and Marge Caldwell-Wilson, North Ward Councilperson spoke at the signing.
After growing rapidly during the pandemic and adding 150 jobs, TerraCycle is seeking additional office and facility space for its expanding team. As a major local employer, the City of Trenton has worked with TerraCycle to transfer two vacant lots on New York Ave adjacent to TerraCycle headquarters so it can continue to grow in the Capital City. A resolution authorizing the transaction was previously approved by City Council.
City of Trenton and TerraCycle Celebrate Property Transfer for Redevelopment
Global Recycling Company Expanding Headquarters in Capital City
Trenton, N.J. – Mayor W. Reed Gusciora announced today the transfer of two vacant city lots on New York Ave to TerraCycle, a global waste innovation company located in 22 countries that is looking to expand its operations in the Capital City.
A closing ceremony took place Aug. 30, 2021, right outside TerraCycle headquarters in Trenton. Mayor Gusciora was joined by TerraCycle Founder and CEO Tom Szaky, City Council Vice President Marge Caldwell-Wilson, Greater Trenton CEO George Sowa, and the new Trenton Director of Housing and Economic Development C. Andre Daniels.
After growing rapidly during the pandemic and adding 150 jobs, TerraCycle is seeking additional space for its expanding team. As a major local employer, the City of Trenton has worked with TerraCycle to transfer two vacant lots on New York Ave adjacent to TerraCycle headquarters so it can continue to grow in the Capital City.
A resolution authorizing the transaction was previously approved by City Council in September 2020.
“TerraCycle has always been serious about its commitment to the Capital City, and its vision of repurposing recyclable materials worldwide speaks directly to Trenton’s industrial past,” said Mayor Gusciora. “This is one of many ways Trenton is working with its business community to help return underutilized properties to the tax rolls and promote further employment and economic activity.”
“We’ve been proud to call Trenton our home for almost two decades and by working with the city and Mayor Gusciora, we look forward to continuing to do so for decades to come,” said Tom Szaky, TerraCycle Founder and CEO. “Anyone looking to locate their business in the Northeast should absolutely consider Trenton as a place to put down their roots.”
“I am very excited about the expansion of this innovative Green waste management company that has a strong commitment to the City of Trenton,” said Council Vice President Caldwell-Wilson. “I hope that they can continue to expand their facility in Trenton’s North Ward. TerraCycle hires local, is committed to the community, and welcomes our artists to apply their talents on their building. These are the types of employers that we need to invest in our city.”
“TerraCycle is a global leader in sustainability that remains committed to Trenton and the surrounding communities,” said George Sowa, CEO of Greater Trenton. “TerraCycle does well by doing good and the world is a better and more sustainable place as a result.”
TerraCycle is an innovative waste management company with a mission to eliminate the idea of waste. Operating nationally across 21 countries, TerraCycle partners with leading consumer product companies, retailers and cities to recycle products and packages, from dirty diapers to cigarette butts, that would otherwise end up being landfilled or incinerated. In addition, TerraCycle works with manufacturers to integrate hard to recycle waste streams, such as ocean plastic, into their products and packaging. Its new division, Loop, is the first shopping system that gives consumers a way to shop for their favorite brands in durable, reusable packaging. TerraCycle has won over 200 awards for sustainability and has donated over $44 million to schools and charities since its founding more than 15 years ago and was named #10 in Fortune magazine’s list of 52 companies Changing the World. To learn more about TerraCycle or get involved in its recycling programs, please visit www.terracycle.com.