Conway R&D Tax Credit Benefits Explained

R&D Tax Credits for Conway, Arkansas Businesses

Conway, Arkansas, is known for its strong presence in education, healthcare, technology, and manufacturing. Top companies in the city include Acxiom, a major data analytics company; Conway Regional Health System, a prominent healthcare provider; Hendrix College, a leading educational institution; Kimberly-Clark, a key manufacturing company; and Insight Enterprises, a global technology solutions provider. The R&D Tax Credit can help these industries reduce tax liabilities, promote innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Conway’s economy.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 6834 Cantrell Road, Little Rock, Arkansas is less than 35 miles away from Conway and provides R&D tax credit consulting and advisory services to Conway and the surrounding areas such as: Little Rock, North Little Rock, Benton, Hot Springs and Pine Bluff.

If you have any questions or need further assistance, please call or email our local Arkansas Partner on (501) 588-0500.
Feel free to book a quick teleconference with one of our Arkansas R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Conway, Arkansas Patent of the Year – 2024/2025

Samsonico Usa LLC has been awarded the 2024/2025 Patent of the Year for its innovative synthetic fiber ball. Their invention, detailed in U.S. Patent No. 11993876, titled ‘Synthetic fiber ball’, utilizes heat-shrunk synthetic fibers to create a soft, snowball-like toy designed for safe indoor play.

The synthetic fiber ball is crafted by bundling individual fibers around a central core, then heat-treating them in a spinning oven. This process causes the fibers to radiate outward, forming a dense, spherical shape approximately three inches in diameter. The result is a lightweight, compressible ball that mimics the look and feel of a real snowball.

Designed for safety and versatility, the fiber ball is soft enough for indoor use, making it ideal for children’s games, stress relief, or therapeutic activities. Its tactile, scrunchy texture offers a satisfying sensory experience, while its gentle construction minimizes the risk of injury or damage to surroundings.
This patent represents a significant advancement in toy design, combining innovative manufacturing techniques with a focus on user safety and enjoyment. Samsonico Usa LLC’s synthetic fiber ball stands out as a creative solution for year-round, indoor-friendly play.