Surviving Hurricanes and Hopelessness: App to ‘rescue’ those in need, post-natural disaster

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The frequency of natural disasters is on the rise in the United States. From Hurricane Katrina, to the more recent Hurricane Irma, the need for efficient, temporary resettlement for displaced persons will, arguably, also rise. The good news? There may be an app for that!

Adam Huminsky and Brian Hilinski, founders of the Charlotte-based startup, Harmany, were tired of watching evacuees struggle to find places for temporary shelter in the wake of catastrophic events, such as hurricanes. Huminsky said, “People have grown tired of watching disasters unfold, with no way to help until much later […] Harmany was created to give everyone the ability to make a difference in the moment.” The application connects the profile of an evacuee (person with needs) with a host (person with offerings). In an article featured on techstartups.com, “After completing a series of security measures, profiles are visible on an interactive map. Harmany believes secure matches can be made in as little as two hours.”

The app will offer other benefits, such as less crowding on roads, specifically evacuation routes, which translates to safer highway conditions. There is hope that the application will also reduce surge pricing for essential needs, such as hotel rooms.

Developing an app that will improve the lives of others? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is Texas’ largest Specialist R&D tax advisory firm, offering tax credibility assessments, claim preparation, and advisory services. We manage all facets of the R&D tax credit program in Texas, from claim prep & audit compliance to claim disputes. 

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPA’s.  For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative

 

R&D snowboard manufacturing lab opens in Maine

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Winterstick Snowboards, the first modern snowboard manufacturing company in the world, have opened a research and development lab in Sugarloaf Mountain Resort, Maine. The company will be led by legendary riders, Tom Burt and Seth Wescott, and Chief Engineer Daniel LeRoy.

The R&D facility will allow Winterstick to tailor their snowboards to meet respective mountain conditions and the unique styles of today’s riders. The making of each style of board is researched, exclusively designed, and hand-crafting to create a customized product specific to each customer’s requirements. Ultimately, Winterstick creates their state-of-the-art products for riders that seek complete customization in creating their dream snowboard.

The opening of the West Mountain R&D Lab returns Winterstick to its roots when Dimitrije Milovich first started designing and building his own boards in-house, and established the original snowboarding company in 1972. Winterstick has a large worldwide and loyal following and the R&D lab provides the company with the unique capabilities to turn their riders’ dream boards into a reality.

The West Mountain R&D Lab opened to start the 2016-17 season and has already produced hundreds of ‘Maine Made’ custom boards. The opening of this R&D lab allows the company to bring its innovative design and production technologies to life and craft snowboards like never before.

If you would like to find out more about R&D and whether your business could be eligible for the R&D Tax Credit, contact us today. We would be happy to assist you through the process.

State of the art R&D center opens in Iowa

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The University of Iowa is now home to a state of the art research and development center. Applied Food Science (AFS), recently opened the multi-million-dollar R&D center in Iowa City, which consists of molecular biology labs, advanced analytical and material research laboratories, and a pilot production plant.

AFS are a natural ingredient supplier specializing in botanical extract for food, beverages and supplements. AFS source their ingredients in a manner which is both sustainable and socially responsible. The company seeks to create a solution for producing the healthiest organic products imaginable.

AFS are excited about the plans in store for the company’s endeavors to converge science with food. The primary R&D goals will consist of fostering the growth of plant-based science and testing how the evolution of food fits into the current and future food supply. These research outcomes will assist in not only continuing to feed the growing population, but also providing a healthier and more nutritionally sound food source.

AFS see the University of Iowa to be a great location to base their innovation center, as it beneficially positions them closer to farmers who feed the community, and processors who utilize plants for added-value end products. Additionally, the University of Iowa are renowned for their diligent work ethic, professionalism and innovative culture in the areas of biotechnology and food science, therefore the fit between the two industries deemed as appropriate.

Loretta Zapp, CEO of AFS, states that the following center is evidence of the company’s commitment to its customers and the enhanced value the company seeks to bring in their products. The R&D center will create an ideal environment to foster collaborative teams with the mission of touching all aspects of how food science advances can produce long term benefits in people’s health and wellness. Zappo is optimistic that the research outcomes will add even more value to the current offerings that include supply chain sustainability, innovation, formulation and manufacturing support.

To learn more about the Iowa R&D credit or the federal credit, contact a Swanson Reed specialist by clicking here.

Uber’s self-driving cars are heading to Arizona

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Only one week after launching its self-driving pilot program in San Francisco, the birth place of Uber, the trial is moving to Phoenix, Arizona.

“Our cars departed for Arizona this morning by truck,” an Uber spokesperson said in a statement of the fleet of modified Volvo XC90 cars. “We’ll be expanding our self-driving pilot there in the next few weeks, and we’re excited to have the support of Governor Ducey.”

In 2015, Uber announced a partnership with the University of Arizona’s College of Optical science. The project focuses on research and development in the optics space for mapping and safety. Gov. Doug Ducey signed an executive order at the time, allowing the testing of the self-driving cars in the state.

The vehicles began testing in San Francisco, however after one week they were faced with backlash. The California Department of Motor Vehicles in partnership with the attorney general said the program has failed to obtain a permit to test self-driving cars. Uber in rebuttal, argued that the cars were exempt from a permit due to the presence of safety drivers in the car at all times. The presence of the driver meant the vehicles did not match the state’s description of an ‘autonomous vehicle’.

Given Uber’s existing relationship with Arizona, the cars will move testing to the state.

Tax Incentive Changes in Nebraska Legislation

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The Nebraska Advantage Act

A recent report on the business tax incentive programs in Nebraska suggest that in the past eight years, the program has not been as effective as desired in attracting new business to the state. According to the recorded growth, only nine new companies were established in Nebraska over an eight year time period.

Each of these new jobs created within the state cost the local governments and state between $24,500 to $320,000 with the Nebraska Advantage Act. However, this among other incentives, encouraged 69 business to add positions between 2006 and 2014.

This variation of results has spurred a discussion of overlapping incentives and receiving incentives from multiple states.  

Quality Over Quantity 

The report stated that of the 78 business studied, 75% had benefited from additional programs. These programs included customized job training, state-supported internships and research and development tax credits (R&D).

Renee Fry was quoted saying, “We hope that lawmakers will conduct a broader examination of exemptions and incentives to see if their benefits justify their cost, as it is vital to ensure state tax dollars are used as efficiently as possible.”

While the research and development tax incentive does not seem to be at risk as the report mainly focuses on the Nebraska Advantage Act, the incentive program is named as one of the overlapping incentives.

If  you would like to discuss the R&D Tax Incentive further, please do not hesitate to contact one of Swanson Reed’s offices today.