Bowling Green R&D Tax Credit Explained for Businesses

R&D Tax Credits for Bowling Green, Kentucky Businesses

Bowling Green, Kentucky, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Med Center Health, a major healthcare provider; Western Kentucky University, a key educational institution; General Motors, 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. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth in Bowling Green’s economy.

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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 312 South Fourth Street, Louisville, Kentucky is less than 125 miles away from Bowling Green and provides R&D tax credit consulting and advisory services to Bowling Green and the surrounding areas such as: Owensboro, Elizabethtown, Hopkinsville, Glasgow and Radcliff.

If you have any questions or need further assistance, please call or email our local Kentucky Partner on (502) 237-5088.
Feel free to book a quick teleconference with one of our Kentucky 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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Bowling Green, Kentucky Patent of the Year – 2024/2025

Extrakt Process Solutions LLC has been awarded the 2024/2025 Patent of the Year for innovation in efficient extraction technology. Their invention, detailed in U.S. Patent No. 12129192, titled ‘Treatment of tailings’, uses an advanced solvent recovery and recycling system to improve industrial extraction processes. This new technology focuses on capturing and reusing solvents during extraction, reducing waste and cutting operational costs. By efficiently recycling solvents, the system minimizes environmental impact and enhances sustainability in industries like pharmaceuticals and natural product manufacturing.

The invention includes smart controls that optimize solvent flow and recovery based on real-time process conditions. This automation boosts productivity and ensures safer handling of volatile chemicals. It also lowers energy consumption by reducing the need to produce or purchase fresh solvents continuously.

Extrakt Process Solutions LLC’s approach addresses growing demands for greener, cost-effective extraction methods. It supports companies seeking to meet stricter environmental regulations without sacrificing efficiency or product quality.

This patent marks a significant step forward in making industrial extraction cleaner and more economical. The technology’s ability to reduce chemical waste and operational expenses could transform extraction workflows worldwide.

By advancing solvent management, Extrakt Process Solutions contributes to sustainable industrial practices. Their innovation highlights how smart engineering can drive both environmental responsibility and business success.