New Britain R&D Tax Credit Benefits for Businesses

R&D Tax Credits for New Britain, Connecticut Businesses

New Britain, Connecticut, thrives in industries such as healthcare, manufacturing, education, and retail. Top companies in the city include the Hospital of Central Connecticut, a major healthcare provider; Stanley Black & Decker, a leading manufacturing company; Central Connecticut State University, a key educational institution; Fafnir Bearing Company, a prominent manufacturing company; and Walmart, a global retail giant. The R&D Tax Credit can benefit these industries by reducing tax liabilities, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into advanced research boosting New Britain’s economic growth.

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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 1000 Lafayette Boulevard, Bridgeport, Connecticut is less than 50 miles away from New Britain and provides R&D tax credit consulting and advisory services to New Britain and the surrounding areas such as: Bridgeport, Stamford, New Haven, Hartford, and Waterbury.

If you have any questions or need further assistance, please call or email our local Connecticut Partner on (203) 680-9655.
Feel free to book a quick teleconference with one of our Connecticut 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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New Britain, Connecticut Patent of the Year – 2024/2025

Paladin Brands Group Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking scraper blade technology. Their invention, detailed in U.S. Patent Application No. 20240229392, titled ‘Scraper blade having trip edge and floating edge’, introduces a scraper blade assembly with a trip edge and floating edge mechanism designed to enhance efficiency and safety in ground-engaging operations.

This innovative scraper blade assembly features a moldboard integrated with multiple surface-engaging units. Each unit includes a cutting-edge section that contacts the ground and a linkage assembly allowing movement between various positions. Notably, each surface-engaging assembly can pivot between an operational position and a tripped position, enabling obstacles to pass underneath the cutting-edge section. Additionally, the cutting-edge section can move linearly between extended and retracted positions, allowing it to adapt to ground contours. A biasing member within the linkage assembly ensures the cutting-edge remains in the optimal position during operation.

The design aims to improve performance in applications such as snow removal and road maintenance by reducing equipment damage and enhancing adaptability to uneven surfaces. By allowing the blade to “trip” over obstacles and “float” to match ground variations, the technology minimizes downtime and maintenance costs.

Paladin Brands Group Inc., known for manufacturing high-quality construction equipment attachments, continues to lead in developing tools that increase productivity and safety in demanding environments. This latest patent underscores their commitment to innovation in the construction and maintenance industries.