01 Aug Evertrak Awarded $250,000 Business Expansion Grant
Evertrak Awarded $250,000 Business Expansion Grant
From State of Missouri Environmental Improvement and Energy Resources Authority
Veteran-Owned/Operated Manufacturer of Railroad Ties From Recycled Materials To Expand Operations in St Louis
St. Louis, MO, July 31, 2023 – Evertrak LLC, a St. Louis-based manufacturer of highly durable railroad ties made from recycled materials, has been awarded a $250,000 grant from Missouri’s Environmental Improvement and Energy Resources Authority (EIERA). The grant will be used for expanding operations in Evertrak’s St. Louis facility, including the purchase of equipment to expand capacity for creating railroad ties from recycled plastic and fiberglass.
The grant will also allow Evertrak to continue to invest in training staff and hiring local workers. Evertrak is a veteran-owned and operated business which hires previously incarcerated and/or homeless citizens.
“We’re grateful to EIERA leadership and to state authorities who approved our application,” said Evertrak CEO Tim Noonan. “This is a win-win for plastic recycling, for US transportation infrastructure, and for the people who work in our St. Louis facility. Orders for Evertrak railroad ties have grown by 100% this year and we are expanding quickly to meet the multiyear demand.”
“Evertrak’s mission to create highly durable railroad ties from recycled materials is a bullseye for our environmental and economic development objectives,” said Joe Boland, executive director of the Missouri Environmental Improvement and Energy Resources Authority. In addition to diverting a high volume of plastic from the waste stream, recycled ties address carbon sequestration and deforestation with a long-lasting alternative to wood ties.
Evertrak LLC is a wholly owned subsidiary of NICE Holding LLC. We are a veteran-owned team of experienced entrepreneurs and operators. Our mission is to spark greatness in others; to transform plastic recycling; and to evolve centuries-old railway infrastructure practices. Each year, 20 million creosote-soaked wood railroad ties can be replaced with durable, reliable ties made from recycled plastic and glass fiber. As veterans we served our country, and we continue to serve, upgrading railway infrastructure with recycled, sustainable track solutions, and fostering dignity through the creation of living wage jobs.
The Environmental Improvement and Energy Resources Authority (EIERA) is a quasi-governmental environmental finance agency that is administratively assigned to the Missouri Department of Natural Resources. Established by the Missouri General Assembly in 1972, EIERA Board Members are appointed by the Governor. EIERA provides environmental solutions through finance, research, and technical assistance. We benefit the environment, the economy, and our partners.