The Compost Plant
$75,000 Debt Financing
Rhode Island-based The Compost Plant collects food scraps and other waste products from area restaurants and institutions, turning them into compost and soil mixes available to area growers. Since its 2014 launch, it has diverted nearly 400 tons of food waste from going to the state’s landfill. Next up, The Compost Plant is launching a bagged compost product line in partnership with an area farm that specializes in compost production.
Financing Purpose & Date:
April 2017 financing is helping The Compost Plant purchase equipment and providing working capital to launch its bagged compost product line.