Tech startup in $100 million DeWitt factory built by New York taxpayers closes

NexGen Power Systems closed

NexGen Power Systems in the Collamer Crossing Business Park in DeWitt has closed. Rick MoriartyRick Moriarty | rmoriarty@syracuse.com

Subscribers can gift articles to anyone

DeWitt, N.Y. -- A startup technology company that moved into a $100 million factory built by New York taxpayers in DeWitt five years ago and received more than $13 million in state grants has gone out of business.

NexGen Power Systems closed down and laid off its workers shortly before Christmas. The shutdown was so sudden, a Christmas tree in the lobby of the huge facility in Collamer Crossing Business Park remained lighted on Wednesday afternoon despite the building being devoid of people.

If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.