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The RecycleBank logo.

RecycleBank is a rewards company with offices in New York City and Philadelphia focused on recycling rewards. It does this by measuring the amount of material each home recycles then issuing RecycleBank Points based on the amount of materials recycled. These points can be used at participating local and national rewards partners. Reward points can also be earned through the Visa Gconomy Card, GreenNurture, Kashless, electronics recycling, and by participating in eBay's Green Team.^[1]^[2]^[3]

RecycleBank was founded in 2004 by Patrick K. FitzGerald and Ron Gonen and a pilot program was launched in two Philadelphia neighborhoods.

RecycleBank is a member company of Ceres, a network nationwide of investors, environmental organizations and other public interest groups to address sustainability challenges such as global climate change. RRE Ventures and Sigma Partners are the largest institutional shareholder group and Ron Gonen, the co-founder and CEO is the largest individual shareholder.

As of December 2007, RecycleBank is in 125,000 households in the United States in over 35 municipalities.

Business Model

The company does not own any recycling equipment or trucks, and instead relies upon contracts negotiated on behalf of the municipalities with which they are partnered. The haulers and waste processors are compensated by the municipality, and RecycleBank takes a small portion of the transaction as a fee. But this fee in turn covers RecycleBank's operating expenses. Additionally, the company makes its money from selling sponsorships and advertising through its multitude of marketing channels including online, direct mail and on recycling containers.

National Partners

RecycleBank's national partners include:

Municipalities Served

Currently the RecycleBank program services communities in Arizona^[4], California^[5], Colorado, Connecticut, Delaware, Florida, Illinois, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Ohio, Pennsylvania, Texas and Virginia.^[6]

References

External links

[1] ttp://www.recyclebank.com/earn

[2] ttp://www.ebaygreenteam.com/projects/recycylebank

[3] ttp://www.marketwire.com/press-release/GreenNurture-Announces-Partnership-With-RecycleBank-1072234.htm

[4] ttp://www.abc15.com/content/news/phoenixmetro/central/story/Phoenix-Recyclebank-expands-vendors-and-customers/kpBjwBNSD0aGh6PiOAFngA.cspx

[5] ttp://www.recyclingtoday.com/la-recyclebank.aspx

[6] ttp://corporate.recyclebank.com/municipalities/clients

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 *[[Ruby Tuesday's]]
 *[[Target.com]]
+*[[Kashi Company]]
 ==Municipalities Served==