Fort Smith R&D Tax Credit Benefits Explained

R&D Tax Credits for Fort Smith, Arkansas Businesses

Fort Smith, Arkansas, thrives in industries such as manufacturing, healthcare, logistics, and retail. Top companies in the city include ArcBest, a major logistics and transportation company; Mercy Fort Smith, a prominent healthcare provider; Rheem Manufacturing, a leading HVAC and water heating company; Walmart, a global retail giant; and Trane Technologies, a key manufacturing company. The R&D Tax Credit can benefit these industries by lowering tax burdens, encouraging innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Fort Smith’s economic growth.

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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 6834 Cantrell Road, Little Rock, Arkansas is less than 160 miles away from Fort Smith and provides R&D tax credit consulting and advisory services to Fort Smith and the surrounding areas such as: Fayetteville, Springdale, Jonesboro, Van Buren and Rogers.

If you have any questions or need further assistance, please call or email our local Arkansas Partner on (501) 588-0500.
Feel free to book a quick teleconference with one of our Arkansas 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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Fort Smith, Arkansas Patent of the Year – 2024/2025

SSW Advanced Technologies LLC has been awarded the 2024/2025 Patent of the Year for their innovative counterweight assembly. Their invention, detailed in U.S. Patent No. 11932981, titled ‘Counterweight assembly and method of manufacturing the same’, introduces a novel approach to enhancing appliance stability.

The patented counterweight assembly comprises a body with an internal cavity designed to hold heavy aggregate material, counteracting vibrations in appliances like washers, dryers, and refrigerators. A distinctive feature is the integrated funnel that extends outwardly from the body, facilitating the efficient delivery of the heavy material into the cavity during manufacturing. This design streamlines the assembly process and ensures consistent weight distribution.

What sets this invention apart is the funnel’s unique structure, which includes diverging walls that guide the aggregate material precisely into the cavity. This innovation not only simplifies the manufacturing process but also improves the overall performance and longevity of appliances by reducing vibrations and enhancing balance.

SSW Advanced Technologies LLC’s inventive counterweight assembly represents a significant advancement in appliance design, offering practical benefits for both manufacturers and consumers. By addressing the common issue of vibration in household appliances, this patent paves the way for quieter, more durable, and efficient products in the market.