Evansville R&D Tax Credit Explained for Businesses

R&D Tax Credits for Evansville, Indiana Businesses

Evansville, Indiana, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Deaconess Health System, a major healthcare provider; the University of Evansville, a key educational institution; Toyota Motor Manufacturing Indiana, a prominent manufacturing company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can help these industries reduce tax liabilities, promote innovation, and enhance business performance.

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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 9445 Indianapolis Boulevard, Highland, Indiana is less than 330 miles away from Evansville and provides R&D tax credit consulting and advisory services to Evansville and the surrounding areas such as: Owensboro, Henderson, Jasper, Vincennes and Madisonville.

If you have any questions or need further assistance, please call or email our local Indiana Partner on (219) 230-9956.
Feel free to book a quick teleconference with one of our Indiana 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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Evansville, Indiana Patent of the Year – 2024/2025

SafeEvac Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking smart emergency exit sign. Their invention, detailed in U.S. Patent No. 12026797, titled ‘Smart emergency exit sign’, introduces an intelligent system that dynamically guides building occupants to safety during emergencies using real-time data and adaptive signage.

Unlike traditional static exit signs, SafeEvac’s innovation integrates sensors and a master controller to monitor environmental conditions and potential threats within a building. When a hazard is detected, the system analyzes sensory input to determine the safest evacuation routes or advises occupants to shelter in place. The smart signs then display this information, providing clear, real-time guidance tailored to the specific situation.

This technology addresses critical challenges in emergency response, such as confusion and delayed evacuations. By offering dynamic instructions, it enhances occupant safety and streamlines first responders’ efforts. The system’s adaptability makes it suitable for various environments, including schools, hospitals, and commercial buildings.

Safeevac’s smart exit sign exemplifies how integrating advanced technology into everyday infrastructure can significantly improve public safety. This patent marks a pivotal advancement in emergency preparedness and response strategies.