R&D Tax Credits for Fayetteville, North Carolina Businesses

Fayetteville, North Carolina, thrives in industries such as healthcare, education, manufacturing, retail, and military operations. Top companies in the city include Cape Fear Valley Health System, a leading healthcare provider; Fayetteville State University, a major educational institution; Goodyear Tire & Rubber Company, a significant manufacturing employer; Walmart, a key player in the retail sector; and Fort Bragg, a prominent military installation. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements.

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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 6255 Towncenter Drive, Clemmons, North Carolina is less than 130 miles away from Fayetteville and provides R&D tax credit consulting and advisory services to Fayetteville and the surrounding areas such as: Cary, Wilmington, High Point, Concord and Jacksonville.

If you have any questions or need further assistance, please call or email our local North Carolina Partner on (984) 480-4601.
Feel free to book a quick teleconference with one of our North Carolina 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.



Fayetteville, North Carolina Patent of the Year – 2024/2025

Necknotz L.L.C. has been awarded the 2024/2025 Patent of the Year for sustainable design innovation. Their invention, detailed in U.S. Patent No. 12011069, titled ‘Articles made from organic fiber twine and methods for making same’, transforms natural twine into wearable and decorative products using a unique crafting technique.

The patent outlines a method of making lightweight, flexible items like necklaces, bracelets, or accessories by skillfully knotting organic fiber twine into stylish, functional forms. Unlike traditional materials, the use of untreated, plant-based twine offers a biodegradable and eco-conscious alternative that appeals to sustainability-focused consumers.

Each item is shaped using a proprietary knotting and looping method that holds its form without adhesives, dyes, or harsh chemicals. This process not only reduces waste but allows for rapid, hand-made or scalable production. The result is a durable, natural product line that merges fashion, function, and environmental responsibility.

Necknotz L.L.C.’s approach reimagines everyday natural fibers into market-ready goods with a low carbon footprint. Their invention supports growing demand for earth-friendly manufacturing and aligns with global trends in conscious consumerism. With this patent, they carve out a unique space in the accessories market, one knot at a time.


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North Carolina Office 

Swanson Reed | Specialist R&D Tax Advisors
6255 Towncenter Drive
Suite #816
Clemmons, NC 27012

 

Phone: (984) 480-4601