Grands Rapids R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Grand Rapids, Michigan Businesses

Grand Rapids, Michigan, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include Spectrum Health, a major healthcare provider; Grand Valley State University, a key educational institution; Steelcase, a prominent manufacturing 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 lowering tax burdens, encouraging innovation, and improving business performance. By leveraging the R&D Tax Credit, companies can reinvest savings into cutting-edge research boosting Grand Rapids’ 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 155 miles away from Grand Rapids and provides R&D tax credit consulting and advisory services to Grand Rapids and the surrounding areas such as: Wyoming, Kentwood, Kalamazoo, Battle Creek and Holland.

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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Grand Rapids, Michigan Patent of the Year – 2024/2025

Raspberry Med Inc. has been awarded the 2024/2025 Patent of the Year for advancing medical device storage. Their invention, detailed in U.S. Patent No. 11872353, titled ‘Storage apparatus for elongate articles’, introduces a smart and secure way to store and dispense items like catheters or medical tubing.

This new system protects fragile, flexible medical instruments by organizing them inside a compact cartridge with a spring-loaded mechanism. Healthcare workers can easily extract the items without tangling or contamination. The design reduces waste, improves hygiene, and speeds up access during urgent procedures.

At its core, the apparatus keeps long, delicate tools coiled inside a protective casing. When needed, the device dispenses them smoothly while preventing bends or kinks that could damage the material. It’s reusable, portable, and designed for both clinical and field settings.

Raspberry Med Inc. aims to solve a common problem in hospitals and clinics where cluttered or improper storage can lead to equipment failure. This invention ensures tools are sterile, easy to access, and safely stowed between uses.

By combining simplicity with innovation, the device could improve workflows across various medical specialties. It also aligns with broader efforts to improve efficiency and cleanliness in healthcare environments. Raspberry Med’s latest achievement represents a small but significant leap in patient care and medical readiness.