Close the Loop, a U.S.-made recycled products provider since 2000 based in Kunkletown, revealed that they became one of the first Benefit Corporations in Pennsylvania on Jan. 22. They support small, progressive, environmentally responsible product manufacturers who create innovative materials, recycled products, and green building materials. As part of their company goals they will transition into being the type of corporation that is intended to create a general benefit for the world around them.
Benefit corporations are required to create a concrete positive impact on society, and must consider how their decisions affect employees, communities, and their environment. This has been one of Close the Loops' ethic practices since its inception, and they are proud to make that title official. By becoming a benefit corporation Close the Loop will never have to worry about losing control of the social or environmental mission of their business.
With a dedication to helping preserve our environment, and a desire to help others who are also committed to this goal, Close the Loop was established in October, 2000 after much research into who has been doing what in the recycled "green" world. They believe in helping environmentally conscious small businesses have a presence on the web, at no cost to them. Products are made in USA from state-of-the-art recycling of plastic scrap and waste wood fiber are used as a nonwood alternative building material for the fencing and plastic lumber market including: recycled plastic fencing, posts, rails, vineyard poles, composite lumber. They also offer glass mulch, rubber mulch, rubber landscape timbers, rubber pavers and more.
The purchases will help make a difference in leaving the world a better place to live. Area residents can help Close the Loop continue their Give and Take Days, reducing waste by giving people opportunity to freely give and take useful items instead of landfilling, and holding free classes for the unemployed and underemployed to build their own business websites.
President and CEO of Close the Loop, Rita Lacey of Kunkletown says, "Our mission is to help preserve our environment by viewing our waste as a valuable resource, and to assist in the development and marketing of consumer recycled products made in the USA.
"I believe this is the start of a new economy in Pennsylvania, one based on a triple bottom line: people, planet, purpose. The main goal isn't to make money, it's to make a difference. Becoming a Benefit Corporation shines a light on businesses that do well by doing good."
Lacey attended the First Pennsylvania Benefit Corporation Effective Day, held at Independence Visitor Center in Philadelphia. In attendance was Representative Gordon Denlinger, the Secretary of the Commonwealth, Carol Aichele, Bill Clark from Drinker Biddle & Reath and drafter of the model legislation, B Lab co-founder Jay Coen Gilbert and leading PA business for the historic First Effective Day of Pennsylvania Benefit Corporation Legislation. After the remarks from Rep. Denlinger, the first companies registered as benefit corporations. The Secretary of the Commonwealth collected and stamped paperwork from each company to officially register them as benefit corporations. They then attended lunch at the City Tavern.
In her speech, Lacey said, "We can continue with the world as it is, or we can make a change to create the world as it should be. We shouldn't have 92 percent of our waste plastic going into landfills and our oceans. We shouldn't have tire piles that catch fire and breed mosquitoes that can cause West Nile virus. We shouldn't have litter on our roadways, or lack the items that make life content.
"For the past 13 years, Close the Loop has been about more than just helping small manufacturers market recycled products from plastics, tires and glass. We've brought communities together through our Give & Take Days and helped the unemployed and underemployed create their own business websites. We have the power to do even more to change our environment and communities for the better. With the growing demand for recycled products, we can reduce waste and pollution and create family sustaining jobs. I'm very excited to transition Close the Loop to a Benefit Corporation. We've been there all along in the spirit of our work, and hope to continue to do well by doing good."
For more information visit www.closetheloop.com or check them out on Facebook and Twitter.