R&D Tax Credits for Lewiston, Maine Businesses

Lewiston, Maine, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Central Maine Medical Center, a major healthcare provider; Bates College, a key educational institution; Sappi North America, 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. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Lewiston’s economic growth.

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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 400 Congress St, Portland, Maine is less than 40 miles away from Lewiston and provides R&D tax credit consulting and advisory services to Lewiston and the surrounding areas such as: Portland, Auburn, South Portland, Scarborough and Brunswick.

If you have any questions or need further assistance, please call or email our local Maine Partner on (207) 816-5399.
Feel free to book a quick teleconference with one of our Maine 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.



Lewiston, Maine Patent of the Year – 2024/2025

IpVenture Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking innovation in streamlining warehouse logistics. Their invention, detailed in U.S. Patent No. 8140183, titled ‘Method and system for order fulfillment in a distribution center’, employs intelligent order allocation to minimize container stops during fulfillment, significantly enhancing distribution center efficiency.

The patented system identifies storage pods containing the highest number of items from a customer’s order. By determining an optimal sequence of pods, it creates a streamlined path for containers, reducing unnecessary stops and accelerating the picking process. This approach not only speeds up order fulfillment but also optimizes resource utilization within the facility.

By focusing on maximizing throughput and balancing workloads, the system addresses common bottlenecks in traditional warehouse operations. It adapts to various fulfillment mechanisms, including carousels and manual pick zones, ensuring versatility across different warehouse setups.

Based in California, IpVenture Inc. specializes in developing and licensing innovative technologies across multiple industries. This latest patent exemplifies their commitment to enhancing operational efficiency through intelligent system design.


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Maine Office 

Swanson Reed | Specialist R&D Tax Advisors
400 Congress St
Portland, ME 04101

 

Phone: (207) 816-5399