Fargo R&D Tax Credit Explained for Businesses

R&D Tax Credits for Fargo, North Dakota Businesses

Fargo, North Dakota, is a major hub for industries such as healthcare, education, technology, manufacturing, and retail. Top companies in the city include Sanford Health, a leading healthcare provider; North Dakota State University, a major educational institution; Microsoft, a significant technology employer; Bobcat Company, a key player in the manufacturing sector; and Scheels, a prominent retail company. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging 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 1531 32nd Ave S, Fargo, North Dakota provides R&D tax credit consulting and advisory services to Fargo and the surrounding areas such as: Moorhead, West Fargo, Detroit Lakes, Wahpeton and Valley City.

If you have any questions or need further assistance, please call or email our local North Dakota Partner on (701) 979-7220.
Feel free to book a quick teleconference with one of our North Dakota 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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Fargo, North Dakota Patent of the Year – 2024/2025

BWR Innovations LLC has been awarded the 2024/2025 Patent of the Year for advancing clean energy in transportation. Their invention, detailed in U.S. Patent No. 11945338, titled ‘Fuel cell auxiliary power generation system for a vehicle’, introduces a compact, efficient system that delivers auxiliary power using hydrogen fuel cells.

This technology provides a low-emission alternative to traditional diesel or gasoline-powered generators typically used in vehicles when idling or parked. The system generates auxiliary electric power to run lights, HVAC, and equipment without using the main engine, reducing fuel consumption and emissions.

Designed for versatility, the unit can integrate with a wide range of vehicles, including trucks, RVs, emergency response units, and mobile medical stations. Its compact form and onboard hydrogen supply allow for sustained off-grid operation, making it valuable in remote or disaster-stricken areas.

By replacing fossil-fuel-based auxiliary systems, this invention contributes to cleaner air and lower operating costs. It also supports broader environmental goals by reducing greenhouse gas output in commercial and public vehicle fleets.

BWR Innovations LLC’s fuel cell system showcases practical, forward-looking design. It represents a key step toward greener transportation and reinforces the company’s position as a leader in hydrogen-based energy solutions for real-world mobility needs.