Lexington R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lexington, Kentucky Businesses

Lexington, Kentucky, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Baptist Health Lexington, a major healthcare provider; the University of Kentucky, a key educational institution; Lexmark, 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, encouraging innovation, and improving 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 312 South Fourth Street, Louisville, Kentucky is less than 80 miles away from Lexington and provides R&D tax credit consulting and advisory services to Lexington and the surrounding areas such as: Louisville, Richmond, Georgetown, Frankfort and Nicholasville.

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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Lexington, Kentucky Patent of the Year – 2024/2025

Demeetra AgBio Inc. has been awarded the 2024/2025 Patent of the Year for innovation in agricultural biotechnology. Their invention, detailed in U.S. Patent No. 11992497, titled ‘Cannabinoid derivatives and their use’, uses advanced gene editing technology to develop crops with improved traits such as enhanced yield and stress resistance.

This invention leverages precise genetic modifications to strengthen plants against environmental challenges. By targeting specific genes, the technology allows for faster, more reliable improvements in crop performance. This means farmers can grow plants that better withstand drought, pests, and disease.
The method reduces the time and cost compared to traditional breeding. It also avoids introducing foreign DNA, which addresses concerns about genetically modified organisms. As a result, the crops retain their natural qualities while gaining important new benefits.

Demeetra AgBio’s innovation aims to boost food security and sustainability worldwide. By enhancing crop resilience, it helps farmers adapt to changing climates and growing global demand. This technology could transform agriculture, making it more efficient and environmentally friendly.

With this patent, Demeetra AgBio pushes the frontier of modern farming. Their work highlights the potential of gene editing to meet critical challenges and improve the future of food production.