Montgomery R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Montgomery, Alabama Businesses

Montgomery, Alabama, is home to notable R&D-driven companies like Hyundai Motor Manufacturing Alabama, Maxwell Air Force Base, Alabama State University’s research programs, Baptist Health, and Rheem Manufacturing. These organizations focus on automotive innovation, defense, healthcare, and academic research. The R&D tax credit helps them reduce their tax burden by offsetting qualifying research expenses. This financial incentive enables them to reinvest in innovation, expand their research capabilities, and improve business performance, fostering economic growth and technological advancement in Montgomery.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 7027 Old Madison Pike, Huntsville, Alabama is less than 200 miles away from Montgomery and provides R&D tax credit consulting and advisory services to Montgomery and the surrounding areas such as: Auburn, Prattville, Millbrook, Alexander City and Opleika.

If you have any questions or need further assistance, please call or email our local Alabama Partner on (256) 715-3255.
Feel free to book a quick teleconference with one of our Alabama R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Montgomery, Alabama Patent of the Year – 2024/2025

BastCore, Inc., based in Montgomery, Alabama, has received the 2024/2025 Patent of the Year for its pioneering work in hemp processing. The company’s patent, titled “Delignification of materials in deep eutectic solvents,” U.S. Patent Application US20240328084A1, introduces a novel method to efficiently process hemp fibers, enhancing their usability across various industries.

The patented technique utilizes deep eutectic solvents to remove lignin from hemp, resulting in cleaner and more versatile fibers. This advancement positions hemp as a viable alternative to traditional materials in textiles, construction, and composites. By improving the quality and consistency of hemp fibers, BastCore’s innovation supports the development of eco-friendly products and promotes sustainable manufacturing practices.

BastCore’s technology not only streamlines hemp processing but also contributes to environmental conservation. Hemp cultivation requires less water and fewer pesticides compared to conventional crops, and its enhanced processing reduces reliance on synthetic materials. The company’s commitment to sustainability and innovation aligns with growing global efforts to adopt greener industrial solutions.