Mount Vernon R&D Tax Credit Explained for Businesses

R&D Tax Credits for Mount Vernon, New York Businesses

Mount Vernon, New York, thrives in industries such as healthcare, education, retail, manufacturing, and technology. Top companies in the city include Montefiore Mount Vernon Hospital, a leading healthcare provider; Mount Vernon City School District, a major educational institution; The Home Depot, a significant retail employer; Mastercard, a key player in the technology sector; and Pepsico, a prominent manufacturing company. This allows businesses to reinvest in R&D, improve operations, and develop new products, boosting their competitiveness and contributing to Mount Vernon’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 350 Northern Blvd, Albany, New York is less than 150 miles away from Mount Vernon and provides R&D tax credit consulting and advisory services to Mount Vernon and the surrounding areas such as: New York City, Hempstead, Brookhaven, Islip and Oyster Bay.

If you have any questions or need further assistance, please call or email our local New York Partner on (518) 801-0616.
Feel free to book a quick teleconference with one of our New York 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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Mount Vernon, New York Patent of the Year – 2024/2025

Upstream Data Inc. has been awarded the 2024/2025 Patent of the Year for its pioneering advancement in energy-efficient crypto mining. Their invention, detailed in U.S. Patent No. 11907029, titled ‘Portable blockchain mining system and methods of use’, introduces a mobile, containerized system that mines cryptocurrency while utilizing excess natural gas.

This innovation combines blockchain computing with real-world energy optimization. The system converts flared or stranded natural gas into usable power to run crypto mining rigs, turning waste into revenue. Housed in a durable, portable enclosure, the unit can be deployed quickly at remote oil and gas sites.

Unlike traditional mining centers tied to power grids, this portable design gives operators energy independence and better environmental performance. The process reduces emissions by using gas that would otherwise be burned off. It also adds value to oilfield operations through low-cost energy conversion.

Upstream Data’s technology delivers practical, scalable benefits to both the energy and tech industries. It bridges the gap between digital infrastructure and responsible resource management. As demand for blockchain services rises, this invention offers a cleaner, smarter path forward for crypto mining at the source of energy itself.