Lake Charles R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lake Charles, Louisiana Businesses

Lake Charles, Louisiana, is known for its strong presence in healthcare, education, energy, and retail. Top companies in the city include Christus Ochsner St. Patrick Hospital, a major healthcare provider; McNeese State University, a key educational institution; Sasol, a prominent energy 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, encourage innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Lake Charles’ 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 1615 Poydras Street, New Orleans, Louisiana is less than 210 miles away from Lake Charles and provides R&D tax credit consulting and advisory services to Lake Charles and the surrounding areas such as: Sulphur, Jennings, Westlake, Vinton and DeRidder.

If you have any questions or need further assistance, please call or email our local Louisiana Partner on (504) 584-8597.
Feel free to book a quick teleconference with one of our Louisiana 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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Lake Charles, Louisiana Patent of the Year – 2024/2025

Afco 360 LLC has been awarded the 2024/2025 Patent of the Year for its innovative fast flow dewatering trailer apparatus. Their invention, detailed in U.S. Patent No. 12116296, titled ‘Fast flow dewatering trailer apparatus and method of use’, utilizes a lightweight, elongated aluminum container with a novel manifold and inlet drain offset system to enhance sludge dewatering efficiency.

The apparatus features a series of removable filter sections and a top-pivoting rear gate sealed by dual hydraulic pistons and manual vice locks. A central wall supports the manifold, which automatically controls sludge inlet flow, ensuring balanced sediment deposition. This design allows for more uniform dewatering, reducing processing time and improving overall efficiency.

Afco 360’s innovation addresses common challenges in sludge management by providing a mobile, efficient solution for waste treatment. The trailer’s design facilitates easier transport and setup, making it ideal for various industrial applications where rapid and effective dewatering is essential.

Based in Lake Charles, Louisiana, Afco 360 specializes in equipment and technology for waste reduction and treatment. Their latest patent exemplifies the company’s commitment to developing practical solutions that enhance operational efficiency in the waste management industry.