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A Madison, Wisconsin-based technology waste management company plans to expand after its launch in Orlando.
Cascade Asset Management opened a 15,900-square-foot facility at 4428 36th St. in Orlando in May, and plans to reach 35 jobs over the next three years. The firm already has eight staff members in the area, including seven production staff and one sales representative, Neil Peters-Michaud, Cascade CEO, told Orlando Business Journal.
The company aims to reach 12 employees by the end of this year, 22 by the end of next year and 35 by the end of 2023.
Cascade Asset Management primarily works on technology disposal and data destruction for companies in sectors such as health care, insurance and finance. “The market Cascade serves is strong and growing in Florida, and we estimate there are more businesses in the area that can benefit from our services,” Peters-Michaud said.
The electronic goods recycling market in the U.S. is expected to reach $15.23 billion by 2025, up from $10.05 billion in 2017, according to California-based market research firm Hexa Research. The rise is connected to the more rapid rate of change when it comes to technology, leading to tech being disposed of faster.
