Shreveport R&D Tax Credit Explained for Businesses

R&D Tax Credits for Shreveport, Louisiana Businesses

Shreveport, Louisiana, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Willis-Knighton Health System, a major healthcare provider; Louisiana State University Shreveport, a key educational institution; General Electric, 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 to Shreveport’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 1615 Poydras Street, New Orleans, Louisiana is less than 330 miles away from Shreveport and provides R&D tax credit consulting and advisory services to Shreveport and the surrounding areas such as: Bossier City, Haughton, Minden, Benton and Greenwood.

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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Shreveport, Louisiana Patent of the Year – 2024/2025

GoKnown LLC has been awarded the 2024/2025 Patent of the Year for its breakthrough in secure, time-synchronized blockchain processing. Their invention, detailed in U.S. Patent No. 11886463, titled ‘Distributed ledger object router using nested time signals’, introduces a distributed ledger object router that uses nested time signals to enhance data integrity and transaction sequencing.

The patented system leverages timestamped hashing algorithms to link transactions in a precise, first-in-first-out order. By embedding time-derived hash values into each transaction, the router ensures that data is processed chronologically, reducing the risk of tampering or reordering. This method strengthens the immutability of blockchain records, making them more reliable for applications where timing and sequence are critical.

GoKnown’s innovation addresses a key challenge in distributed ledger technology: maintaining accurate transaction order across decentralized networks. The system’s design allows for consistent processing even when transactions are initiated from multiple sources simultaneously. This capability is vital for sectors like finance, supply chain management, and legal documentation, where the exact sequence of events can have significant implications.

Founded in 2018 and based in Greenwich, Connecticut, GoKnown LLC focuses on developing advanced blockchain solutions. The company’s latest patent exemplifies its commitment to enhancing the functionality and trustworthiness of distributed systems. As blockchain technology continues to evolve, innovations like this are poised to play a crucial role in its adoption across various industries.