ITEM | AVERAGE ANNUAL AMOUNT |
---|---|
Gross Revenues | $ 63,000,000 |
Total Payroll | $ 8,600,000 |
Qualified Research Expenses (QREs) | $ 2,300,000 |
Net Federal Credits | $ 180,000 |
Net State Credits | $ 210,000 |
TOTAL NET FEDERAL AND STATE CREDITS | $ 390,000 |
◾ Developing new or improved product formulations to enhance flavor or increase nutritional content
◾ Creating new or improved food manufacturing processes to meet federal, state, and local health guidelines
◾ Producing pilot batches of foods or beverages for shelf life and stability analysis
◾ Integrating new or different ingredients for improved taste, smell, or texture
◾ Designing new packaging for improved temperature regulation or durability
◾ Modifying formulations to include more sustainable ingredients
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