Owensboro R&D Tax Credit Explained for Businesses

R&D Tax Credits for Owensboro, Kentucky Businesses

Owensboro, Kentucky, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Owensboro Health, a major healthcare provider; Owensboro Community and Technical College, a key educational institution; Owensboro Grain Company, 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 reducing tax liabilities, fostering 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 110 miles away from Owensboro and provides R&D tax credit consulting and advisory services to Owensboro and the surrounding areas such as: Bowling Green, Henderson, Madisonville, Central City and Elizabethtown.

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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Owensboro, Kentucky Patent of the Year – 2024/2025

Lion Laboratories Limited has been awarded the 2024/2025 Patent of the Year for innovation in breath alcohol analysis. Their invention, detailed in U.S. Patent No. 4707336, titled ‘Apparatus for gas analysis’, uses a compact, microprocessor-controlled device to measure breath alcohol content with improved accuracy and speed.

This groundbreaking technology enables law enforcement and safety officials to perform roadside alcohol testing more reliably. The device features a breath sample inlet connected to an electrochemical sensor that responds to alcohol in exhaled air. A built-in microprocessor analyzes the data and displays results quickly, reducing the chance of human error.

What sets this invention apart is its portability and automation. Unlike earlier bulky or manual systems, this breathalyzer simplifies testing procedures and enhances reliability. Its design ensures that only deep-lung air, which offers the most accurate alcohol measurement, is analyzed.

Lion Laboratories’ innovation has had a lasting impact on road safety and legal enforcement. It helped set a global standard for personal and professional breath testing, contributing to reduced drunk driving incidents over the decades.

Although the patent dates back to 1987, the technology remains a cornerstone of modern alcohol detection tools. Recognizing its long-standing influence, the 2024/2025 Patent of the Year award honors how this invention transformed public safety through science.