Albany R&D Tax Credit Benefits for Your Business

R&D Tax Credits for Albany, Georgia Businesses

Albany, Georgia, is home to leading R&D companies like Procter & Gamble, Mars Wrigley, Phoebe Putney Health System’s research programs, Thrush Aircraft, and Albany State University’s innovation initiatives. These organizations specialize in consumer goods, healthcare, and aerospace research. The R&D tax credit allows them to offset research costs, reducing their tax burden. By reinvesting these savings into new technologies, workforce development, or facility upgrades, these companies can enhance their competitiveness, drive innovation, and contribute to Albany’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 400 West Peachtree Street NW, Atlanta, Georgia is less than 200 miles away from Albany and provides R&D tax credit consulting and advisory services to Albany and the surrounding areas such as: Valdosta, Moultrie, Americus, Cordele and Thomasville.

If you have any questions or need further assistance, please call or email our local Georgia Partner on (404) 448-1354.
Feel free to book a quick teleconference with one of our Georgia 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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Albany, Georgia Patent of the Year – 2024/2025

American Bio-Energy Converting Corp. has been awarded the 2024/2025 Patent of the Year for their innovative orthogonal pyrolysis system. Their invention, detailed in U.S. Patent Application No. 20240301293, titled ‘Orthogonal pyrolysis system and associated methods’, introduces a novel approach to biomass conversion.

The patented system features a concentric pyrolysis chamber with both inner and outer heating elements, and a biomass feed extruder that introduces feedstock orthogonally into the chamber. This design enhances the thermal efficiency and uniformity of the pyrolysis process, leading to higher yields of renewable diesel, biochar, and electricity. The system also includes a gas feed mechanism to optimize the pyrolysis environment, and an auger system to advance and compact the biomass, ensuring consistent processing.

What sets this invention apart is its ability to process a variety of feedstocks, including woody biomass, municipal solid waste, and agricultural residues, into valuable energy products. The system’s modular design allows for scalability, making it suitable for both small-scale and large-scale operations. Additionally, the low-emission process qualifies for carbon credits, contributing to environmental sustainability.

American Bio-Energy Converting Corp.’s orthogonal pyrolysis system represents a significant advancement in renewable energy technology, offering a practical and efficient solution for converting biomass into valuable energy products while promoting environmental stewardship.