Rockville R&D Tax Credit Overview for Businesses

R&D Tax Credits for Rockville, Maryland Businesses

Rockville, Maryland, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include Adventist HealthCare, a major healthcare provider; Montgomery College, a key educational institution; Lockheed Martin, 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, 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 Rockville’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 40 miles away from Rockville and provides R&D tax credit consulting and advisory services to Rockville 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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Rockville, Maryland Patent of the Year – 2024/2025

Integrated Pharma Services LLC has been awarded the 2024/2025 Patent of the Year for its innovation in enhancing respiratory protection. Their invention, detailed in U.S. Patent No. 11871802, titled ‘Pleating spacer and its use to provide improved facial masks and respirators’, introduces a pleating spacer designed to improve the performance of pleated facial masks and respirators.

This technology employs a pleating spacer that enters and maintains the separation of folds in a pre-pleated mask filter or forms pleats in an initially unpleated filter. By increasing the effective surface area of the filter, the spacer enhances airflow while preserving the mask’s ability to protect the wearer from hazardous agents. This design aims to improve comfort and breathability without compromising safety.

The pleating spacer is adaptable to various mask designs and can be integrated into existing manufacturing processes. Its implementation could lead to more efficient and user-friendly respiratory protective equipment, addressing the growing demand for improved personal protective devices.

Integrated Pharma Services LLC’s development reflects a commitment to advancing public health through practical engineering solutions. Their patented design offers a promising approach to enhancing the functionality of facial masks and respirators, contributing to better protection for users in various environments.