Lynn R&D Tax Credit Benefits for Corporations

R&D Tax Credits for Lynn, Massachusetts Businesses

Lynn, Massachusetts, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include North Shore Medical Center, a major healthcare provider; North Shore Community College, a key educational institution; General Electric, a prominent manufacturing 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 to Lynn’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 6 Liberty Square, Boston, Massachusetts is less than 15 miles away from Lynn and provides R&D tax credit consulting and advisory services to Lynn and the surrounding areas such as: Cambridge, Lowell, Brockton, Quincy and Newton.

If you have any questions or need further assistance, please call or email our local Massachusetts Partner on (857) 347-5915.
Feel free to book a quick teleconference with one of our Massachusetts 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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Lynn, Massachusetts Patent of the Year – 2024/2025

Roam Robotics Inc. has been awarded the 2024/2025 Patent of the Year for revolutionizing wearable assistive technology. Their invention, detailed in U.S. Patent No. 12251826, titled ‘Pneumatic exomuscle system and method’, introduces a lightweight, air-powered exomuscle that enhances human mobility without restricting natural movement.

Unlike traditional exoskeletons that are rigid and heavy, this system uses soft, inflatable actuators that mimic muscle function. These artificial muscles apply controlled force to the body, helping users move with greater ease and endurance. The system can assist with walking, lifting, or rehabilitation exercises, adapting dynamically to a person’s movement.

The exomuscle is designed to be compact, wearable, and user-friendly. Sensors monitor the user’s motion and adjust pneumatic pressure in real time to provide just the right amount of support. This makes the technology especially useful for seniors, individuals with limited mobility, and workers performing repetitive tasks.

By focusing on affordability and comfort, ROAM Robotics is making advanced assistive gear more accessible to the public. This patent marks a major step forward in human augmentation and injury prevention. The invention reflects a growing trend in robotics: empowering people through smart, flexible support that works with the body, not against it.