RFID Technology Poised to Replace Traditional Supply Chain

New report sponsored by North of England Inward Investment Agency shows that RFID can serve as a catalyst for greater collaboration between companies


Additionally, there is the availability of tax credits to businesses conducting any type of R&D in the UK market (i.e. feasibility studies, beta testing, clinical trials, prototyping, etc.). If a U.S. company has less than 250 employees worldwide it can claim back 150 percent of the UK-related R&D expenses as a tax credit, while if there are more than 251 employees worldwide the company can claim 125 percent. Should the business be unprofitable, it can roll the credit over for up to three years or claim a one-time, cash-in-hand advance on the exact amount of that tax credit.

Unlike the recent outsourcing phenomenon, technology companies aren't shutting down offices or plants in the U.S. to reduce costs, commented Ed Pennington, vice president of business development of NEIIA's Chicago office. Instead, their motivation for opening additional operations in North England is to tap into the European market and ultimately generate positive growth for the whole organization.



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