Gary R&D Tax Credit Explained for Corporations

R&D Tax Credits for Gary, Indiana Businesses

Gary, Indiana, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Methodist Hospitals, a major healthcare provider; Indiana University Northwest, a key educational institution; U.S. Steel, 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, encourage innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Gary’s economy.

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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 9445 Indianapolis Boulevard, Highland, Indiana is less than 10 miles away from Gary and provides R&D tax credit consulting and advisory services to Gary and the surrounding areas such as: Hammond, Gary, Portage, Merrillville and Crown Point.

If you have any questions or need further assistance, please call or email our local Indiana Partner on (219) 230-9956.
Feel free to book a quick teleconference with one of our Indiana 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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Gary, Indiana Patent of the Year – 2024/2025

Soilgenic Technologies LLC has been awarded the 2024/2025 Patent of the Year for its breakthrough in nitrogen fertilizer efficiency. Their invention, detailed in U.S. Patent No. 12258300, titled ‘Reaction methods for producing nitrogenous phosphoryl compounds that are in situ fluid compositions’, introduces a novel method for producing alkyl thiophosphoric triamides – potent urease inhibitors – using an in situ fluid composition process.

This innovation streamlines the synthesis of urease inhibitors, which are crucial for reducing nitrogen loss from fertilizers. By minimizing the conversion of urea into ammonia, these compounds help retain nitrogen in the soil, enhancing crop uptake and reducing environmental impact. The patent outlines a multi-step reaction process that operates at controlled temperatures, ensuring the efficient production of these inhibitors within a non-aqueous solvent system.

The real-world impact of this technology is significant. Farmers can achieve better yields with less fertilizer, leading to cost savings and reduced greenhouse gas emissions. Additionally, the method’s compatibility with existing manufacturing infrastructure facilitates its adoption across the agricultural industry.

Soilgenic’s commitment to sustainable agriculture is evident in this advancement. By improving nitrogen use efficiency, the company addresses both economic and environmental challenges faced by modern farming. This patent not only represents a technical achievement but also a step forward in promoting climate-smart agricultural practices.