Waterloo R&D Tax Credit Explained for Businesses

R&D Tax Credits for Waterloo, Iowa Businesses

Waterloo, Iowa, thrives in industries such as manufacturing, healthcare, education, and retail. Top companies in the city include John Deere, a leading manufacturing company; UnityPoint Health, a major healthcare provider; Hawkeye Community College, a key educational institution; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can benefit these industries by lowering tax burdens, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Waterloo’s economic growth.

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 130 miles away from Waterloo provides R&D tax credit consulting and advisory services to Waterloo and the surrounding areas such as: Cedar Falls, Waverly, Evansdale, Independence and Oelwein.

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

Waterloo, Iowa Patent of the Year – 2024/2025

O.M.J.C. Signal Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in portable traffic signal systems. Their invention, detailed in U.S. Patent No. 12067873, titled ‘System and method for controlling traffic’, introduces a telescoping mast arm design that enhances the deployment and stability of portable traffic signals.

The system features a wheeled vehicle equipped with a first mast arm and a telescoping second mast arm. The second mast arm comprises two stages: a first stage arm and a second stage arm. The second stage arm is designed to move in and out of a longitudinal void within the first stage arm. Internal structures within this void cause the second stage arm to incline relative to the first when extended, ensuring optimal positioning of the signal head. This design allows for quick and secure setup of traffic signals in various environments.

The real-world impact is significant. By facilitating rapid deployment and stable positioning of traffic signals, this technology improves traffic management during roadworks, emergencies, and other temporary situations. It enhances safety for both workers and drivers by providing clear and reliable traffic control.

Founded in 1985 and based in Waterloo, Iowa, O.M.J.C. Signal, Inc. specializes in portable traffic control solutions. This patent exemplifies their commitment to advancing traffic safety through innovative engineering.