Montpelier R&D Tax Credit Explained for Businesses

R&D Tax Credits for Montpelier, Vermont Businesses

Montpelier, Vermont, is known for industries such as government, healthcare, education, retail, and technology. Top companies in the city include the State of Vermont, a leading government employer; Central Vermont Medical Center, a major healthcare provider; Vermont College of Fine Arts, a significant educational institution; the Montpelier Downtown Community Association, a key player in the retail sector; and National Life Group, 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 300 Interstate Corporate Ctr, Williston, Vermont is less than 35 miles away from Montpelier and provides R&D tax credit consulting and advisory services to Montpelier and the surrounding areas such as: Burlington, South Burlington, Rutland, Essex and Bennington.

If you have any questions or need further assistance, please call or email our local Vermont Partner on (802) 778-1133.
Feel free to book a quick teleconference with one of our Vermont 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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Montpelier, Vermont Patent of the Year – 2024/2025

Algepower LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking hydroponic system that transforms waste into sustainable resources. Their invention, detailed in U.S. Patent No. 7536827, titled ‘Hydroponic growing enclosure and method for growing, harvesting, processing and distributing algae, related microorganisms and their by products’, introduces a self-contained, climate-controlled structure designed to cultivate algae and similar microorganisms efficiently.

Algepower’s system utilizes a translucent, air-supported enclosure housing vertically stacked cradles where a nutrient-rich slurry flows, promoting optimal growth conditions. This design enables continuous production of algae, which can be harvested for biofuels, animal feed, and other valuable byproducts. The integration of light sources beneath the cradles ensures consistent illumination, enhancing photosynthesis and yield.

What sets this innovation apart is its ability to repurpose agricultural waste into a productive medium, addressing both waste management and resource scarcity. The system’s modularity and scalability make it suitable for various settings, from urban environments to remote locations, offering a sustainable solution for food and energy production.

By combining advanced hydroponic techniques with efficient resource utilization, Algepower’s invention represents a significant step toward sustainable agriculture and renewable energy. This patent not only showcases technological ingenuity but also underscores the potential of integrating environmental responsibility with industrial innovation.