Wheaton R&D Tax Credit Explained for Businesses

R&D Tax Credits for Wheaton, Illinois Businesses

Wheaton, Illinois, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Northwestern Medicine Central DuPage Hospital, a major healthcare provider; Wheaton College, a key educational institution; Molex, 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 Wheaton’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 30 miles away from Wheaton and provides R&D tax credit consulting and advisory services to Wheaton 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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Wheaton, Illinois Patent of the Year – 2024/2025

Resolute Patents LLC has been awarded the 2024/2025 Patent of the Year for their groundbreaking innovation in energy-efficient data storage technology. Their invention, detailed in U.S. Patent No. 11937717, titled ‘Low-profile liquid container lid assembly’, uses advanced magnetic memory techniques to dramatically reduce power consumption while maintaining high-speed data access.

This new approach to memory storage addresses a critical challenge in computing: balancing performance with energy efficiency. As data centers and personal devices demand faster, larger storage, power use has surged. Resolute Patents’ technology introduces a novel way to store data magnetically, cutting the energy needed to write and read information. The result is memory hardware that stays cool, lasts longer, and supports greener computing.

The patent describes a memory cell design that improves stability without sacrificing speed. This innovation could impact everything from smartphones to cloud servers by extending battery life and lowering operational costs. It also opens doors to smaller, more powerful devices that consume less electricity.

Experts say this technology fits perfectly with current trends in sustainable electronics. It promises practical benefits for manufacturers and consumers alike. As data demands grow worldwide, solutions like Resolute Patents’ new memory system could play a vital role in shaping the future of computing infrastructure.

By focusing on real-world impact, this invention not only advances memory technology but also helps reduce environmental footprints in the tech industry. Resolute Patents LLC’s achievement highlights the value of smart engineering in meeting tomorrow’s energy challenges today.