Thursday, February 4, 2021

Zoom Event: Max Brickle Talks about his Company has Benefited from the Federal R&D Tax Credit

On Monday, February 8, at Noon Eastern Standard Time, the Rhode Island Textile Innovation Network ("RITIN") will be conducting a 30 minute lunchtime Zoom featuring Max Brickle talking about how his company has benefited from the Federal R&D Tax Credit Program. Max will explain the types of projects for which he has used the credits, what is involved in the process of applying for the credits, and the significant upside for The Brickle Group. Here’s the link for registration: RITIN Executive Insights: R&D Tax Credits w/ Max Brickle, The Brickle Group.

In the first of Rhode Island Textile Innovation Network's webinars featuring business leaders sharing strategies for success, Michael Woody, CEO of Trans-Tex LLC and Chairman of the Rhode Island Textile Innovation Network (RITIN) talks with guest Max Brickle, CEO of The Brickle Group, about his strategy to save money by utilizing R&D expenses for Federal tax credits.

Max Brickle has experienced considerable success in utilizing Federal R&D tax credits at the Brickle Group. When The Brickle Group began operating, they were not aware of these tax credits and it was not until 2012 that they learned of these benefits. Over the past 8 years, they've saved close to $2 million in federal tax payments. In 2019 alone, The Brickle Group saved $238,000 in federal tax credits.

The availability of these credits has allowed The Brickle Group to invest in internal manufacturing processes (LEAN) in addition to successful rollouts of new products.

Max is looking forward to sharing this method to continue strengthening Rhode Island's textile manufacturing industry.

The Brickle Group is a third-generation family business, founded by Hyman Brickle in 1937. Hyman became interested in the industry when he began working for a rag merchant located in Woonsocket, RI. He then started his own company H. Brickle & Son, Inc in 1937. Originally, their business was focused around trading recycled fibers between textile mills. He was the first woolen waste dealer in the south, which enabled the company to have a prosperous beginning. In 1998, Max became the President of the Brickle Group, managing the three textile divisions. He continued the companies expansion and diversification through acquisitions and organic growth. Bouckaert Industrial Textiles (B.I.T) was one of the acquired businesses by H. Brickle & Son, Inc in 2000. As of 2001, each of the divisions merged together to become The Brickle Group. Max graduated from the Whittemore School of Business and Economics at the University of New Hampshire.

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