Sioux City R&D Tax Credit Explained for Businesses

R&D Tax Credits for Sioux City, Iowa Businesses

Sioux City, Iowa, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Mercy Medical Center, a major healthcare provider; Morningside College, a key educational institution; Tyson Foods, a prominent food production 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 Sioux City’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 699 Walnut Street, Des Moines, Iowa is less than 200 miles away from Sioux City provides R&D tax credit consulting and advisory services to Sioux City and the surrounding areas such as: South Sioux City, Le Mars, Orange City, Vermillion and Cherokee.

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.

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Sioux City, Iowa Patent of the Year – 2024/2025

Rocklin Manufacturing Company has been awarded the 2024/2025 Patent of the Year for its innovation in portable surface hardening technology. Their invention, detailed in U.S. Patent No. 11986912, titled ‘System for material deposition on a surface’, introduces a battery-powered system for depositing metal materials onto workpiece surfaces, enhancing wear resistance and extending tool life.

This system features a handheld tool equipped with an electrode and movement mechanism, allowing precise application of metal coatings. Its electrical circuitry includes a rechargeable battery and a bank of capacitors that discharge controlled energy bursts, facilitating efficient metal deposition. The design also supports dual power sources, enabling seamless switching between battery and AC power, ensuring uninterrupted operation.

The real-world impact is significant. By offering a portable and versatile solution, this technology allows maintenance teams to perform on-site repairs without dismantling heavy machinery. Industries such as manufacturing, automotive, and aerospace can benefit from reduced downtime and maintenance costs.

Founded in 1934 and based in Sioux City, Iowa, Rocklin Manufacturing Company specializes in industrial electronic equipment. Their commitment to innovation is evident in this advancement, which addresses the need for efficient and flexible surface treatment solutions in various industrial settings.