Chicago R&D Tax Credit Explained for Businesses

R&D Tax Credits for Chicago, Illinois Businesses

Chicago, Illinois, is a hub for industries such as finance, healthcare, technology, and manufacturing. Top companies in the city include Boeing, a leading aerospace manufacturer; United Airlines, a major airline company; Abbott Laboratories, a prominent healthcare company; JPMorgan Chase, a key financial services provider; and McDonald’s, a global fast-food company. The Research and Development (R&D) Tax Credit can help these industries reduce their tax liabilities, foster innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research, driving growth to Chicago’s economy.

Find out more

Are you eligible?

Why choose us?

Pass an Audit?

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 318 West Adams Street, Chicago, Illinois provides R&D tax credit consulting and advisory services to Chicago and the sorrounding areas such as: Aurora, Naperville, Joliet, Elgin and Waukegan.

If you have any questions or need further assistance, please call or email our local Illinois Partner on (312) 380-0467.
Feel free to book a quick teleconference with one of our Illinois 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.

Schedule a Teleconference

Chicago, Illinois Patent of the Year – 2024/2025

Rivet Radio Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in personalized audio streaming. Their invention, detailed in U.S. Patent No. 9401771, titled ‘Systems and methods for delivering contextually relevant media content stream based on listener preference’, introduces a system that delivers tailored audio content based on individual listener preferences and real-time context.

The patented system dynamically assembles audio streams by selecting media segments tagged with specific content types, locations, and time relevance. By analyzing a listener’s current location, preferences, and time of day, the system curates a personalized stream that includes relevant news, traffic updates, weather reports, and sports highlights. For instance, a commuter in Chicago might receive local traffic updates, national business news, and weather forecasts pertinent to their route and schedule.

This technology enhances the user experience by eliminating irrelevant content and delivering information that aligns with the listener’s immediate needs and interests. The system’s adaptability ensures that content remains fresh and pertinent, adjusting in real-time to changes in the listener’s environment or preferences.

Rivet Radio’s approach signifies a shift towards more intelligent and user-centric media consumption, offering a model that could redefine how audiences engage with audio content across various platforms and devices.