Hartford R&D Tax Credit and Innovation Explained

R&D Tax Credits for Hartford, Connecticut Businesses

Hartford, Connecticut, thrives in industries such as insurance, healthcare, education, and manufacturing. Top companies in the city include The Hartford, a leading insurance company; Hartford Hospital, a major healthcare provider; the University of Hartford, a key educational institution; Pratt & Whitney, a prominent aerospace manufacturer; and Aetna, a major healthcare insurance provider. The R&D Tax Credit can benefit these industries by reducing tax liabilities, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into advanced research boosting Hartford’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 1000 Lafayette Boulevard, Bridgeport, Connecticut is less than 60 miles away from Hartford and provides R&D tax credit consulting and advisory services to Hartford and the surrounding areas such as: Springfield, New Haven, Waterbury, New Britain, and Norwalk.

If you have any questions or need further assistance, please call or email our local Connecticut Partner on (203) 680-9655.
Feel free to book a quick teleconference with one of our Connecticut 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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Hartford, Connecticut Patent of the Year – 2024/2025

EcoGensus LLC has been awarded the 2024/2025 Patent of the Year for its breakthrough in sustainable waste-to-fuel technology. Their invention, detailed in U.S. Patent No. 11879106, titled ‘Process for forming a solid fuel composition from mixed solid waste’, transforms mixed solid waste into a clean-burning solid fuel through a novel low-pressure thermal process.

The patented method involves heating and mixing unsorted municipal waste – such as plastics, paper, and organic matter – at temperatures high enough to melt embedded plastics, all under reduced atmospheric pressure. This approach eliminates the need for extensive pre-sorting and chemical additives, making it both efficient and scalable. The resulting fuel is dense, stable, and suitable for industrial applications, offering a viable alternative to coal and other fossil fuels.

This innovation addresses two major environmental challenges: reducing landfill waste and lowering carbon emissions from energy production. By converting everyday trash into usable fuel, EcoGensus aims to close the loop on waste while supporting global decarbonization efforts. The company’s broader mission includes redefining recycling and accelerating the transition to a circular economy through advanced materials and resource recovery technologies.

With nearly 80 patents and a growing portfolio of industrial solutions, EcoGensus is positioning itself at the forefront of sustainable manufacturing and energy innovation. Their latest patent underscores a commitment to practical climate solutions that can be deployed at scale across industries and municipalities.