North Little Rock R&D Tax Credit Benefits Explained

R&D Tax Credits for North Little Rock, Arkansas Businesses

North Little Rock, Arkansas, thrives in industries such as healthcare, manufacturing, logistics, and retail. Top companies in the city include Baptist Health, a major healthcare provider; Dassault Falcon Jet, a prominent aerospace manufacturer; Simmons Bank, a leading financial services provider; Walmart, a global retail giant; and Union Pacific Railroad, a key logistics company. The R&D Tax Credit can benefit these industries by lowering tax burdens, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting North Little Rock’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 5 miles away from North Little Rock and provides R&D tax credit consulting and advisory services to North Little Rock and the surrounding areas such as: Little Rock, Conway, Pine Bluff, Bentona and Sherwood.

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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North Little Rock, Arkansas Patent of the Year – 2024/2025

Emerging Compounds Treatment Technologies Inc. has been awarded the 2024/2025 Patent of the Year for its breakthrough in carbon capture. Their invention, detailed in U.S. Patent Application No. 20240293774, titled ‘System and method for removing carbon dioxide from a flow of gas having carbon dioxide therein’, uses a dual-stage alkaline scrubbing system to efficiently remove carbon dioxide from industrial gas emissions.

The system employs two venturi eductors and reactors, each introducing an alkaline solution at specific pH levels to the CO₂-laden gas stream. In the first stage, CO₂ reacts with the alkaline solution to form metal bicarbonates. The partially treated gas then enters the second stage, where remaining CO₂ converts into metal carbonates. This sequential process enhances CO₂ removal efficiency while maintaining optimal pH levels through a dedicated adjustment subsystem.

Unlike traditional carbon capture methods that often require high energy input or complex infrastructure, this approach offers a scalable and potentially more cost-effective solution. By converting CO₂ into stable compounds, the system not only reduces greenhouse gas emissions but also minimizes the risk of secondary pollution.

Emerging Compounds Treatment Technologies, Inc., headquartered in Maine, continues to innovate in the field of environmental remediation. This patent adds to their portfolio of technologies aimed at addressing industrial pollution and promoting sustainable practices.

As industries worldwide seek effective carbon management strategies, this invention represents a significant step toward achieving environmental compliance and mitigating climate change impacts.