Lafayette R&D Tax Credit Explained for Companies

R&D Tax Credits for Lafayette, Indiana Businesses

Lafayette, Indiana, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Franciscan Health Lafayette East, a major healthcare provider; Purdue University, a key educational institution; Subaru of Indiana Automotive, a prominent manufacturing company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce 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 Lafayette’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 9445 Indianapolis Boulevard, Highland, Indiana is less than 100 miles away from Lafayette and provides R&D tax credit consulting and advisory services to Lafayette and the surrounding areas such as: West Lafayette, Frankfort, Crawfordsville, Logansport and Kokomo.

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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Lafayette, Indiana Patent of the Year – 2024/2025

IFBattery Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in electrochemical energy systems. Their invention, detailed in U.S. Patent No. 11894591, titled ‘Electrochemical cells’, introduces a membraneless electrochemical cell that operates with a single electrolyte solution, simplifying design and enhancing efficiency.

This breakthrough enables the production of electricity, hydrogen, or both from a compact, scalable system. By eliminating traditional membranes and using a porous, non-conductive spacer between the anode and cathode current collector, the design reduces complexity and cost. The system’s ability to function with a single bulk electrolyte solution further streamlines operations, making it adaptable for various applications.

The real-world impact is significant. Industries can harness this technology for cleaner energy production, reducing reliance on fossil fuels. Its adaptability suits diverse sectors, from transportation to stationary power generation. Moreover, the system’s design allows for easier maintenance and potential integration into existing infrastructures.

IFBattery’s innovation represents a step forward in sustainable energy solutions. By focusing on simplicity and versatility, this technology offers a practical approach to meeting the growing demand for clean, efficient power sources.