Bowie R&D Tax Credit Overview for Businesses

R&D Tax Credits for Bowie, Maryland Businesses

Bowie, Maryland, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include Bowie Health Center, a major healthcare provider; Bowie State University, a key educational institution; SAIC, a prominent technology company; 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, encourage innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Bowie’s economy.

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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 145 West Ostend Street, Baltimore, Maryland is less than 30 miles away from Bowie and provides R&D tax credit consulting and advisory services to Bowie and the surrounding areas such as: Baltimore, Columbia, Germantown, Silver Spring and Waldorf.

If you have any questions or need further assistance, please call or email our local Maryland Partner on (443) 687-8701.
Feel free to book a quick teleconference with one of our Maryland 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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Bowie, Maryland Patent of the Year – 2024/2025

Neo Design LLC has been awarded the 2024/2025 Patent of the Year for its innovative automotive accessory. Their invention, detailed in U.S. Patent No. 12090788, titled ‘Flexible wheel cover overlay with extended surround’, introduces a snap-on wheel cover made of flexible material that enhances vehicle aesthetics and offers a practical solution for damaged or outdated rims.

The newly patented wheel cover overlay features a design that allows it to bend and conform to various wheel shapes, thanks to its flexible construction. This adaptability ensures a snug fit over existing wheels without the need for removal or specialized tools. The overlay includes a series of spokes and openings, providing both structural integrity and visual appeal.

One of the standout features is the extended surround, which goes beyond the wheel’s edge, offering additional protection and a sleek appearance. The cover is secured using pairs of clasp mechanisms strategically placed between spokes, ensuring stability during vehicle operation.

Designed with user convenience in mind, the overlay can achieve a curvature greater than 2.0° over a 10 cm arc length, accommodating various wheel designs. This flexibility, combined with its easy installation process, makes it an attractive option for vehicle owners looking to upgrade their wheels’ appearance without significant expense or effort.

Neo Design LLC’s latest innovation reflects a commitment to combining form and function, providing a cost-effective solution for enhancing vehicle aesthetics while maintaining practicality.