Des Plaines R&D Tax Credit Explained for Businesses

R&D Tax Credits for Des Plaines, Illinois Businesses

Des Plaines, Illinois, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include AMITA Health Holy Family Medical Center, a major healthcare provider; Oakton Community College, a key educational institution; Mondelez International, 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 lowering tax burdens, fostering innovation, and improving business performance.

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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 25 miles away from Des Plaines and provides R&D tax credit consulting and advisory services to Des Plaines and the surrounding areas such as: Chicago, Aurora, Joliet, Naperville and Rockford.

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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Des Plaines, Illinois Patent of the Year – 2024/2025

Utilization Technology Development, NFP has been awarded the 2024/2025 Patent of the Year for its groundbreaking thermo-vacuum drying system. Their invention, detailed in U.S. Patent No. 11885563, titled ‘Method and system of thermo-vacuum drying and processing’, employs a vacuum ejector powered by high-pressure steam or compressed air to accelerate moisture removal from materials like clothing, food, and agricultural products.

This system enhances drying efficiency by creating a vacuum that swiftly extracts evaporated moisture mixed with air from the drying chamber. The process not only reduces energy consumption but also shortens drying times, offering significant benefits for industries reliant on efficient drying methods.

Utilization Technology Development, NFP, a not-for-profit organization, focuses on applied scientific research and development to assist gas customers in adopting innovations that save money and energy, reduce emissions, and improve environmental performance.

The thermo-vacuum drying system exemplifies UTD’s commitment to advancing technologies that offer practical solutions to real-world challenges. By integrating this system, industries can achieve superior drying performance while contributing to energy conservation and environmental sustainability.