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RuralWorks Partners: Investing in Maine's Future

RuralWorks Partners, a fund dedicated to boosting rural economic development, has made two initial impact investments in Maine-based enterprises that are utilizing innovative technologies with a proven track record in Europe, but are relatively unknown in the U.S.

• American Unagi, which produces and processes sushi-grade American eels, has adopted a recirculating aquaculture system (RAS) to cultivate eels efficiently and sustainably.
• TimberHP, a manufacturer of building insulation made from waste wood fiber, has brought a European technology to the U.S. to produce a high-performance, eco-friendly alternative to fiberglass and foam insulation.

American Unagi: Sustainable Eel Farming

American Unagi, founded by Sara Rademaker, aims to revitalize the domestic fish industry, focusing on the potential of eels. Despite the high demand for sushi, the traditional eel supply chain is convoluted and carbon-intensive, with eels being caught, raised, and processed in China before being shipped back to the U.S.

• Rademaker recognized the inefficiencies of the current system and sought to develop a more sustainable and locally-sourced approach. She partnered with a Dutch aquaculture firm to introduce the RAS technology to the U.S., which allows for efficient and controlled eel farming.
• American Unagi's success story demonstrates the potential of rural communities to contribute to sustainable economic growth through innovative aquaculture practices.

TimberHP: Revolutionizing Insulation with Wood Fiber

TimberHP, a collaborative venture between chemistry professor Joshua Henry and architect Matthew O'Malia, aims to replace traditional insulation materials like fiberglass and foam with a sustainable and cost-effective alternative: wood fiber insulation.

• Inspired by the success of wood fiber insulation in Europe, Henry and O'Malia recognized the potential of this technology to reduce carbon emissions and improve energy efficiency in buildings. They invested in importing the European technology, adapting it to the North American market.
• TimberHP's commitment to sustainable building materials, coupled with its commitment to creating jobs in rural Maine, exemplifies the economic and environmental benefits of investing in innovative technologies that support rural communities.

The Impact of RuralWorks Partners

RuralWorks Partners' investments in American Unagi and TimberHP highlight the potential of supporting entrepreneurs who are bringing proven technologies to rural areas. These investments are fostering economic growth, creating jobs, and promoting sustainable practices, illustrating the positive impact that investment in rural businesses can have.

• RuralWorks Partners aims to create a ripple effect throughout rural communities, encouraging the adoption of sustainable technologies and attracting further investment in rural businesses.
• By supporting innovative entrepreneurs in rural areas, RuralWorks Partners is contributing to the revitalization of rural economies and promoting a more sustainable and equitable future.

Investing in Rural Communities: A Sustainable Future

The success of American Unagi and TimberHP demonstrates the potential of investing in rural entrepreneurs who are bringing innovative solutions to address critical issues like sustainability and economic development. By supporting businesses that promote sustainable practices and create jobs in rural areas, RuralWorks Partners is investing in a more sustainable and prosperous future for rural communities.

• The focus on sustainable building materials and aquaculture practices signifies a commitment to environmental stewardship and responsible economic growth.
• The success of these ventures is a testament to the potential of rural communities to lead the way in innovation and sustainability, driving positive change while creating economic opportunities.