East Providence R&D Tax Credit Benefits for Corporations

R&D Tax Credits for East Providence, Rhode Island Businesses

East Providence, Rhode Island, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include the East Providence School Department, a leading educational institution; the East Providence Health Center, a major healthcare provider; Taco Comfort Solutions, a significant manufacturing employer; the East Providence Town Center, a key player in the retail sector; and Amica Mutual Insurance, a prominent technology company. The 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 270 Bellevue Avenue, Newport, Rhode Island is less than 35 miles away from East Providence and provides R&D tax credit consulting and advisory services to East Providence and the surrounding areas such as: Providence, Worcester, Warwick, Cranston and Pawtucket.

If you have any questions or need further assistance, please call or email our local Rhode Island Partner on (401) 406-8880.
Feel free to book a quick teleconference with one of our Rhode Island 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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East Providence, Rhode Island Patent of the Year – 2024/2025

Growgenics LLC has been awarded the 2024/2025 Patent of the Year for its innovation in horticultural lighting technology. Their invention, detailed in U.S. Patent No. 12041893, titled ‘Grow light assembly with inspection mode and method of operating thereof’, introduces an advanced grow light system that enhances plant growth while providing a specialized inspection mode for growers.

The patented grow light assembly features primary and secondary light modules equipped with LEDs, which can be adjusted in height and angle to optimize light exposure across the plant canopy. A key innovation is the inspection mode, allowing growers to manually switch the light output to a specific spectrum – white light during the day cycle and green light during the night cycle – facilitating plant inspection without disrupting growth cycles.

This technology addresses common challenges in indoor farming, such as uneven light distribution and the need for plant monitoring during dark periods. By incorporating adjustable light modules and a controllable inspection mode, Growgenics’ system ensures consistent plant development and simplifies maintenance tasks.

Growgenics LLC’s invention represents a significant advancement in controlled environment agriculture, offering growers a versatile and efficient lighting solution that supports both plant health and operational convenience.