New Bedford R&D Tax Credit Benefits for Corporations

R&D Tax Credits for New Bedford, Massachusetts Businesses

New Bedford, Massachusetts, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Southcoast Health, a major healthcare provider; the University of Massachusetts Dartmouth, a key educational institution; Acushnet 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 lowering tax burdens, 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 6 Liberty Square, Boston, Massachusetts is less than 60 miles away from New Bedford and provides R&D tax credit consulting and advisory services to New Bedford and the surrounding areas such as: Boston, Providence, Worcester, Cambridge and Lowell.

If you have any questions or need further assistance, please call or email our local Massachusetts Partner on (857) 347-5915.
Feel free to book a quick teleconference with one of our Massachusetts 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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New Bedford, Massachusetts Patent of the Year – 2024/2025

LITTORAL POWER SYSTEMS INC. has been awarded the 2024/2025 Patent of the Year for advancing compact, efficient hydropower solutions. Their invention, detailed in U.S. Patent Application No. 20240167239, titled “Scaled hydropower with seals”, introduces a modular water-to-wire system that improves performance and durability in small-scale hydroelectric setups.

The innovation centers on a sealed, scalable hydropower unit that generates electricity from flowing water using compact turbines. The system includes specialized seals that protect internal components from water intrusion and debris, reducing maintenance and prolonging equipment life. Its modular design allows flexible installation across rivers, canals, and low-head environments.

By addressing cost and efficiency barriers, this technology enables clean energy production in more remote or underserved areas. Unlike large hydro plants, Littoral’s system can be deployed quickly with minimal environmental disruption. It offers communities and industries a way to harness renewable energy from local waterways without large dams or grid overhauls.

This invention helps expand access to green power while improving reliability and lowering operating costs. It supports national energy goals and climate efforts by tapping into a renewable source that’s been underutilized. With this patent, Littoral Power Systems is redefining what hydropower can look like – smaller, stronger, and ready for widespread adoption.