South Bend R&D Tax Credit Explained for Businesses

R&D Tax Credits for South Bend, Indiana Businesses

South Bend, Indiana, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Beacon Health System, a major healthcare provider; the University of Notre Dame, a key educational institution; Honeywell, 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 South Bend’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 9445 Indianapolis Boulevard, Highland, Indiana is less than 70 miles away from South Bend and provides R&D tax credit consulting and advisory services to South Bend and the surrounding areas such as: Elkhart, Mishawaka, Portage, Michigan City and Goshen.

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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South Bend, Indiana Patent of the Year – 2024/2025

TayCo Brace Inc. has been awarded the 2024/2025 Patent of the Year for its innovative external ankle brace. Their invention, detailed in U.S. Patent No. 11957611, titled ‘External ankle brace’, introduces a brace that fits over a shoe, providing targeted ankle support without compromising mobility.

This over-the-shoe brace features a rigid heel enclosure with medial and lateral sidewalls, designed to restrict harmful ankle movements like inversion and eversion while allowing natural motions such as dorsiflexion and plantarflexion. The design includes upright extensions connected via pivot joints, offering stability without sacrificing flexibility. Fastening systems secure the brace beneath the sole and across the top of the shoe, ensuring a snug fit without interfering with the shoe’s structure.

The brace’s compatibility with various footwear, including athletic and cleated shoes, makes it a versatile solution for injury prevention and recovery. Its design allows for quick application, enabling athletes to return to play promptly and individuals to maintain daily activities with minimal disruption.

Developed by orthopedic surgeon Dr. Fred Ferlic and athletic trainer Mike Bean, the brace reflects a commitment to enhancing mobility and stability. Its adoption by numerous professional and collegiate sports teams underscores its effectiveness and real-world impact.