Minot R&D Tax Credit Explained for Businesses

R&D Tax Credits for Minot, North Dakota Businesses

Minot, North Dakota, thrives in industries such as healthcare, education, energy, retail, and military operations. Top companies in the city include Trinity Health, a leading healthcare provider; Minot State University, a major educational institution; Hess Corporation, a significant energy employer; Dakota Square Mall, a key player in the retail sector; and Minot Air Force Base, 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 1531 32nd Ave S, Fargo, North Dakota is less than 270 miles away from Minot and provides R&D tax credit consulting and advisory services to Minot and the surrounding areas such as: Burlington, Surrey, Velva, Kenmare and Rugby.

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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Minot, North Dakota Patent of the Year – 2024/2025

M.A.C. Inc. has been awarded the 2024/2025 Patent of the Year for revolutionizing industrial heat recovery. Their invention, detailed in U.S. Patent No. 4706646, titled ‘Total counterflow heat exchanger’, dramatically improves energy efficiency in heating and cooling systems by maximizing heat transfer between fluids.

This groundbreaking device uses a total counterflow design to ensure that the hottest and coldest fluids meet at opposite ends of the exchanger. That setup enables a more complete energy exchange, minimizing waste heat and reducing the energy needed to maintain temperature control. The design stands out for its ability to maintain high efficiency over a wide range of flow rates and operating conditions.

Unlike traditional heat exchangers that often mix flow patterns or suffer from uneven performance, this invention keeps the heat transfer process stable and predictable. That makes it ideal for manufacturing plants, HVAC systems, and even food processing operations where energy conservation and system reliability are key.

The compact and modular construction also makes the system easier to maintain and scale for different applications. By improving the way heat is recovered and reused, M.A.C. Inc. is helping industries cut costs and emissions at the same time.

With energy prices rising and efficiency targets tightening, the total counterflow heat exchanger offers a powerful solution built on smart, practical design.