Hammond R&D Tax Credit and Economic Growth Explained

R&D Tax Credits for Hammond, Indiana Businesses

Hammond, Indiana, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Franciscan Health Hammond, a major healthcare provider; Purdue University Northwest, a key educational institution; ArcelorMittal, 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.

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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 5 miles away from Hammond and provides R&D tax credit consulting and advisory services to Hammond and the surrounding areas such as: Munster, Highland, Gary, Griffith and Ross.

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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Hammond, Indiana Patent of the Year – 2024/2025

Hammond Group Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking method to enhance lead-acid battery performance. Their invention, detailed in U.S. Patent No. 12148928, titled ‘Methods for making components of lead-acid batteries’, utilizes a specialized glass composition rich in lead oxide to create a more efficient and durable battery electrode material.

The patented process involves forming an active material paste by combining water, an acid – typically sulfuric acid – granular lead oxide, and a granular glass composition containing at least 75% lead oxide. This paste is then cured to form the precursor of the active material for the battery’s electrode. The inclusion of the lead-rich glass composition enhances the structural integrity and electrochemical performance of the electrode.

By improving the electrode’s composition, this innovation aims to extend battery life, increase energy efficiency, and reduce maintenance needs. Such advancements are particularly significant for applications requiring reliable energy storage, including renewable energy systems, automotive batteries, and backup power supplies.

Hammond Group, Inc.’s development represents a notable step forward in battery technology, offering a practical solution to enhance the performance and longevity of lead-acid batteries.