Rockford R&D Tax Credit Explained for Businesses

R&D Tax Credits for Rockford, Illinois Businesses

Rockford, Illinois, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Mercyhealth, a major healthcare provider; Rockford University, a key educational institution; Woodward, Inc., 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. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Rockford’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 is less than 90 miles away from Rockford and provides R&D tax credit consulting and advisory services to Rockford and the surrounding areas such as: Belvidere, Loves Park, Machesney Park, Freeport and Sycamore.

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

Rockford, Illinois Patent of the Year – 2024/2025

ABG Bag Inc. has been awarded the 2024/2025 Patent of the Year for its innovative tarp apparatus designed to securely cover waste hauler and receiver boxes during transport. Their invention, detailed in U.S. Patent Application No. 20240101342, titled ‘Tarp apparatus for covering waste hauler and/or receiver boxes’, this invention utilizes a reinforced, foldable geotextile tarp equipped with adjustable straps and cam buckles to ensure a tight, reliable seal over open containers.

The tarp system addresses a common challenge in waste management: preventing debris from escaping during transit. Its design includes integrated webbing, grommets, and hooks that allow for quick and secure attachment to various container types. The adjustable straps, featuring cam buckles or ratchets, provide flexibility to accommodate different sizes and shapes of hauler boxes, enhancing the tarp’s versatility in the field.

Constructed from heavy-duty materials, the tarp is both durable and foldable, facilitating easy storage when not in use. Its robust construction ensures longevity, even under harsh environmental conditions, making it a practical solution for industries requiring reliable containment during transportation.

This development reflects ABG Bag Inc.’s commitment to advancing safety and efficiency in waste management operations. By providing a dependable method to contain waste materials during transit, the company contributes to environmental protection and regulatory compliance, reinforcing its position as a leader in sustainable containment solutions.