This paper highlights how three leading public-private entities: New York State Energy Research and Development Authority (NYSERDA), American Aerogel Corporation (AAC) and Rochester Institute of Technology (RIT) teamed up to advance regional economic development, support company growth, foster energy efficiency, and realize the benefits of sustainability through technological innovation, industrial productivity and process improvement solutions. With the assistance of NYSERDA and RIT, American Aerogel Corporation (AAC) exceeded project goals by successfully expanding its production capacity by more than 3,000% while reducing manufacturing energy used per unit by more than 300%. AAC leveraged NYSERDA’s funding 5.25:1 with the backing of two Boston-based venture capital groups: VIMAC and Mount Royal Ventures. As a result of the support received from NYSERDA, AAC remained in Rochester, NY, created or retained more than 30 jobs, and is poised to expand its production once again to bring even more jobs to the state of New York.
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