Oak Lawn R&D Tax Credit Explained for Businesses

R&D Tax Credits for Oak Lawn, Illinois Businesses

Oak Lawn, Illinois, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Advocate Christ Medical Center, a major healthcare provider; Moraine Valley Community College, a key educational institution; Ferrara Candy Company, a prominent manufacturing company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can help these industries reduce tax liabilities, promote innovation, and enhance 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 20 miles away from Oak Lawn and provides R&D tax credit consulting and advisory services to Oak Lawn and the surrounding areas such as: Chicago, Aurora, Joliet, Naperville and Elgin.

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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Oak Lawn, Illinois Patent of the Year – 2024/2025

The Chamberlain Group LLC has been awarded the 2024/2025 Patent of the Year for their innovative approach to automated home security. Their invention, detailed in U.S. Patent Application No. 20240338985, titled ‘Image data enabled access control systems and methods’, introduces a smart system that enhances home security by automating barrier operations based on real-time image data.

The patented system utilizes a camera to capture image data of a designated region. A processor analyzes this data to detect the presence of individuals. Upon detection, the system sends a notification to the homeowner’s device and can automatically close a movable barrier, such as a garage door, to secure the premises. This process can also extend to locking interior doors, providing comprehensive security measures.

What sets this invention apart is its ability to define specific regions of interest within the camera’s field of view. Homeowners can adjust these areas via a user-friendly interface, allowing for tailored monitoring of particular zones. Additionally, the system can disable auto-secure operations temporarily, accommodating situations like temporary access needs.

The Chamberlain Group’s patent represents a significant advancement in home automation and security, offering homeowners a seamless and proactive solution to protect their property. By integrating image recognition with barrier control, this technology sets a new standard for intelligent home security systems.