Farmington Hills R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Farmington Hills, Michigan Businesses

Farmington Hills, Michigan, thrives in industries such as healthcare, education, technology, and retail. Top companies in the city include Beaumont Health, a major healthcare provider; Oakland Community College, a key educational institution; Bosch, a prominent technology company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can benefit these industries by reducing tax liabilities, fostering innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into advanced research boosting Farmington Hills’ economic growth.

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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 847 Sumpter Road, Belleville, Michigan is less than 30 miles away from Farmington Hills and provides R&D tax credit consulting and advisory services to Farmington Hills and the surrounding areas such as: Warren, Sterling Heights, Ann Arbor, Lansing and Dearborn.

If you have any questions or need further assistance, please call or email our local Michigan Partner on (734) 328-2324.
Feel free to book a quick teleconference with one of our Michigan 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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Farmington Hills, Michigan Patent of the Year – 2024/2025

Choon’s Design LLC has been awarded the 2024/2025 Patent of the Year for innovation in crafting tools. Their invention, detailed in U.S. Patent No. 11864637, titled ‘Brunnian link making device and kit’, introduces a redesigned loom system that enhances the creation of intricate rubber band designs.

This new device simplifies the process of making Brunnian links, which are chains where no individual loop is critical to the structure. It allows users to weave complex patterns more easily, with improved control and reduced finger strain. The kit includes pegs, connectors, and an ergonomic design that accommodates a variety of band styles and configurations.

Unlike earlier looms, the patented system supports more advanced structures without requiring advanced skills. It’s ideal for hobbyists, educators, and children looking to build bracelets, charms, and wearable art with greater precision and creativity. The design promotes spatial reasoning and fine motor skills while offering a rewarding hands-on activity.

Choon’s Design LLC continues to lead in the creative toy space by merging engineering with playful expression. Their updated loom design reflects a thoughtful response to how people actually use these kits – enhancing both usability and educational value. This invention breathes new life into the popular Rainbow Loom trend, keeping it fresh for a new generation of makers.