Savannah R&D Tax Credit Benefits for Your Business

R&D Tax Credits for Savannah, Georgia Businesses

Savannah, Georgia, boasts top R&D companies like Gulfstream Aerospace, Georgia Ports Authority, Savannah National Laboratory, JCB North America, and Savannah College of Art and Design’s innovation initiatives. These organizations focus on aerospace, logistics, energy, and creative technologies. The R&D tax credit helps them reduce their tax liability by offsetting research expenses. This financial benefit allows them to reinvest in innovation, expand their research capabilities, and improve business performance, driving economic growth and technological advancement in Savannah.

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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 250 miles away from Savannah and provides R&D tax credit consulting and advisory services to Savannah and the surrounding areas such as: Hilton Head Island, Bluffton, Pooler, Statesboro and Hinesville.

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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Savannah, Georgia Patent of the Year – 2024/2025

BOWERBAGS LLC has been awarded the 2024/2025 Patent of the Year for its breakthrough in modular carrying systems. Their invention, detailed in U.S. Patent No. 12016447, titled ‘Configurable bag having faceplates’, introduces a configurable bag that transforms between multiple configurations using a foldable body and detachable faceplates.

This design allows users to adapt the bag’s shape and function on the fly. By folding the bag and securing it with integrated straps and modular attachments, the same unit can serve as a backpack, duffel, or compact gear carrier. The system also includes convertible straps and interlocking panels that support rapid reconfiguration without tools.

Originally developed with military and first responder needs in mind, the technology reduces setup time from up to an hour to just one minute. This efficiency can help prevent injuries by allowing users to redistribute weight and adjust gear quickly in dynamic environments.

Bowerbags’ innovation has already gained recognition, including a $100,000 grant from the Ohio Third Frontier Commission for commercialization efforts. The company’s founder, James Patrick Bowerman, continues to expand the product line for both tactical and civilian use.

This patent marks a significant step forward in adaptive load-carrying solutions, offering flexibility for professionals and everyday users alike.