Decatur R&D Tax Credit Explained for Businesses

R&D Tax Credits for Decatur, Illinois Businesses

Decatur, Illinois, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Decatur Memorial Hospital, a major healthcare provider; Millikin University, a key educational institution; Archer Daniels Midland, a prominent manufacturing company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. 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 Decatur’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 318 West Adams Street, Chicago, Illinois is less than 182 miles away from Decatur and provides R&D tax credit consulting and advisory services to Decatur and the surrounding areas such as: Springfield, Peoria, Champaign, Bloomington and Normal.

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.

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Decatur, Illinois Patent of the Year – 2024/2025

Sullivan Donald N. has been awarded the 2024/2025 Patent of the Year for his innovative hinged articulating spacer system for revision knee arthroplasty. Their invention, detailed in U.S. Patent No. 11857424, titled ‘Hinged articulating spacer system for revision knee arthroplasty’, introduces a modular, antibiotic-impregnated implant that improves joint stability and infection control during complex knee revision surgeries.

The system features a femur rod and a tibia rod connected by a hinge, allowing natural joint movement. Both rods are encased in pre-formed spacers made from bone cement infused with antibiotics like gentamicin. This design maintains mobility while delivering localized infection treatment.

Unlike traditional static spacers, Sullivan’s device offers dynamic articulation, reducing patient discomfort and aiding in rehabilitation. The modular components can be customized to fit individual anatomies, enhancing surgical outcomes.

This advancement addresses the challenges of infection management and joint function preservation in revision knee surgeries. By combining mechanical stability with targeted antibiotic delivery, the system represents a significant leap forward in orthopedic care.