Davenport R&D Tax Credit Explained for Businesses

R&D Tax Credits for Davenport, Iowa Businesses

Davenport, Iowa, is known for its strong presence in manufacturing, healthcare, education, and retail. Top companies in the city include John Deere, a leading manufacturing company; Genesis Health System, a major healthcare provider; St. Ambrose University, a key educational institution; 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, promote innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Davenport’s economy.

find out more

Are you eligible?

Why choose us?

Pass an Audit?

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 699 Walnut Street, Des Moines, Iowa is less than 170 miles away from Davenport and provides R&D tax credit consulting and advisory services to Davenport and the surrounding areas such as: Moline, Bettendorf, Rock Island, East Moline and Silvis.

If you have any questions or need further assistance, please call or email our local Iowa Partner on (203) 680-9655.
Feel free to book a quick teleconference with one of our Iowa R&D tax credit specialists at a time that is convenient for you.

Schedule a Teleconference

Davenport, Iowa Patent of the Year – 2024/2025

Grace Technologies Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in electrical safety monitoring. Their invention, detailed in U.S. Patent No. 11913978, titled ‘Wireless voltage measurement, testing and analytics system’, introduces a wireless voltage measurement, testing, and analytics system designed to enhance safety during high-voltage circuit analysis.

The system comprises a voltage conversion module (VCM) that receives input from high-voltage lines and reduces it to a safe, low-voltage level. This reduced voltage is then sent to a voltage detection indication module (VDIM), which provides visual indicators – such as LEDs – to inform users about the presence and polarity of voltage. The VCM and VDIM are connected via a detachable data transmission cable, facilitating easy installation and maintenance. Additionally, the system can transmit device status information wirelessly to IoT devices or SCADA systems, enabling real-time monitoring and decision-making.

The real-world impact is substantial. By converting hazardous high voltages to safe levels for monitoring, the system minimizes the risk of electric shock to personnel. Its wireless communication capabilities allow for seamless integration into existing industrial monitoring systems, enhancing operational efficiency and safety.

Founded in 1993 and based in Davenport, Iowa, Grace Technologies specializes in electrical safety and predictive maintenance solutions. This patent exemplifies their commitment to developing technologies that protect workers and optimize industrial operations.