Springfield R&D Tax Credit Benefits for Corporations

R&D Tax Credits for Springfield, Massachusetts Businesses

Springfield, Massachusetts, is known for its strong presence in healthcare, education, manufacturing, and retail. Top companies in the city include Baystate Health, a major healthcare provider; Springfield College, a key educational institution; Smith & Wesson, 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, 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 Springfield’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 90 miles away from Springfield and provides R&D tax credit consulting and advisory services to Springfield and the surrounding areas such as: Worcester, Hartford, New Haven, Cambridge and Lowell.

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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Springfield, Massachusetts Patent of the Year – 2024/2025

Scuderi Group Inc. has been awarded the 2024/2025 Patent of the Year for advancing energy-efficient cooling systems. Their invention, detailed in U.S. Patent Application No. 20240060690, titled “Absorption chiller system with a transport membrane heat exchanger”, introduces a more efficient way to cool buildings using low-grade waste heat and a compact, high-performance heat exchanger.

This new system replaces traditional energy-intensive cooling with a solution that captures and reuses heat from industrial processes or power generation. At its core is a transport membrane heat exchanger that boosts performance by improving how heat and fluids move within the chiller cycle. This makes the system more compact, efficient, and easier to integrate into existing infrastructure.

Unlike conventional chillers that rely heavily on electricity, Scuderi’s design leverages thermal energy that would otherwise go unused. This reduces energy costs and environmental impact, making it a smart option for facilities aiming to cut emissions and improve sustainability. The technology can be applied to commercial buildings, manufacturing plants, and energy recovery systems.

Scuderi Group’s innovation offers a path to cleaner cooling with real-world benefits. As global demand for air conditioning and refrigeration grows, this system provides a scalable and eco-friendly alternative. With this patent, the company takes a major step toward making advanced cooling more accessible and sustainable for industries worldwide.