NEVADA INVENTIONINDEX | AUGUST 2025
August 2025: 0.94% (C- grade)
Nevada inventionINDEX August 2025: 0.94% (C- grade)
The inventionINDEX measures innovation output by comparing GDP growth with patent production growth.
Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).
Nevada inventionINDEX Scores – Last 12 months
| Month | inventionINDEX Score |
| August 2025 | 0.94% |
| Jul 25 | 2.05% |
| Jun 25 | 0.65% |
| May 25 | 1.88% |
| Apr 25 | 1.17% |
| Mar 25 | 0.77% |
| Feb 25 | 0.91% |
| Jan 25 | 0.77% |
| Dec 24 | 1.62% |
| Nov 24 | 0.57% |
| Oct 24 | 1.39% |
| Sep 24 | 0.43% |
| Aug 24 | 0.57% |
The Nevada inventionINDEX for August 2025 stands at 0.94%, earning a C- grade. This figure represents a decline from the previous month’s score of 2.05% (B grade) in July 2025. Looking back over the past year, this August 2025 score is also lower than the average performance observed, suggesting a recent dip in innovation output relative to recent trends.
A higher inventionINDEX score and a corresponding positive grade, such as a B or A+, signifies robust innovation output within the state, often correlating with strong economic growth and an optimistic economic sentiment. This indicates a favorable environment for businesses to innovate and expand, potentially attracting investment and fostering job creation. Such positive momentum can lead to increased patent production and a dynamic economy.
Conversely, a lower inventionINDEX score and a grade below C, like the current C- or a D grade, suggests a deceleration in innovation. This can imply a less favorable economic outlook, potentially signaling challenges in patent production or overall economic growth. A sustained period of lower scores might indicate a struggling innovation ecosystem, which could lead to reduced investment, slower economic recovery, and a less competitive business environment.
Analyzing the historical data, the Nevada inventionINDEX has shown periods of both strong performance and decline over the past 60 months. While there have been instances of B and even an A+ grade, there are also numerous occurrences of D and D+ grades. The current August 2025 C- grade, while not the lowest in the historical record, indicates a need for close monitoring to ensure that the state’s innovation trajectory shifts back towards more positive sentiment in the coming months.
Discussion:
In August, the Nevada inventionINDEX scored a negative sentiment which was lower than the previous year’s average and underperformed the upward trend for the year. This is similar to the prior 12 months, which experienced a considerable upward trend.
As the economy continues to stabilize in the post-pandemic era, it remains uncertain whether any backlog of applications still exists or if the department has returned to normal processing timelines. The inventionINDEX could also be affected by lingering consequences from the pandemic, such as company closures, reduced workforces, and limited R&D capabilities, which may still be impacting current operations.
Learn More:
Are you thinking of patenting any of your bright ideas? Did you know your research work 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 check out our free online eligibility test.
Swanson Reed’s Nevada office provides R&D tax credit consulting and advisory services to Las Vegas, Henderson, Reno, North Las Vegas, Sparks, Carson City, Fernley, Elko, Mesquite, and Boulder City.
Feel free to book a quick teleconference with one of R&D tax specialists if you would like to learn more about R&D tax credit opportunities.
Who We Are:
Swanson Reed is the largest Specialist R&D tax credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D tax credit consulting services to our clients. We have been exclusively providing R&D tax credit claim preparation and audit compliance solutions for over 30 years.
Swanson Reed hosts daily free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/free-webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
