R&D Tax Credits for Skokie, Illinois Businesses

Skokie, Illinois, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include NorthShore University HealthSystem, a major healthcare provider; Oakton Community College, a key educational institution; U.S. Foods, 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 Skokie’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 15 miles away from Skokie and provides R&D tax credit consulting and advisory services to Skokie and the surrounding areas such as: Chicago, Joliet, Naperville, Aurora 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.



Skokie, Illinois Patent of the Year – 2024/2025

Flexterra Inc. has been awarded the 2024/2025 Patent of the Year for its breakthrough in flexible semiconductor technology. Their invention, detailed in U.S. Patent No. 11882710, titled ‘Thin-film transistor comprising organic semiconductor materials’, uses a novel method to fabricate high-performance thin films that combine flexibility with durability.

This innovation tackles a major challenge in electronics: how to create materials that bend without breaking or losing function. Flexterra’s technology enables thin semiconductor layers to maintain strong electrical properties even when flexed or stretched. This advance could transform flexible displays, wearable devices, and next-generation sensors by making them more reliable and longer lasting.

The patent outlines a manufacturing process that carefully controls the structure of thin films. This control reduces damage and improves mechanical strength. The result is flexible electronics that perform consistently under stress and can withstand daily use.

Industry experts expect this technology to speed up the adoption of flexible gadgets in many fields. Medical devices could become less bulky and more comfortable. Consumer electronics might offer new form factors with foldable or rollable screens. Automotive and aerospace sectors could benefit from lightweight, flexible sensors.

Flexterra’s invention stands out by blending performance with practicality. It supports a future where electronics adapt to new shapes and environments without compromise. This patent highlights the company’s role in pushing flexible materials toward mainstream applications.

By enhancing durability and flexibility, Flexterra Inc. is setting the stage for smarter, more resilient electronic devices that fit the demands of modern life.


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Illinois Office 

Swanson Reed | Specialist R&D Tax Advisors
F16 318 Wes t Adams Street
Chicago, IL 60606
 

Phone: (312) 380-0467