Guam Economic Development Authority board, has approved a Qualifying Certificate for tyre recycler, Core Tire Recycling LLC
GEDA board Chair David John said the QCs address the tyre waste problem on the island,. The certificate, created by local law, provide business incentives, including tax abatements, to support fledgling or critical industries.
The QC that was approved for Core Tire Recycling LLC was first authorised by lawmakers decades ago, according to Chairman John.
“This QC was created back in the ’90s for the movement of large amounts of metals off of Guam....
