Brooklyn Park R&D Tax Credit and Its Benefits to Companies

R&D Tax Credits for Brooklyn Park, Minnesota Businesses

Brooklyn Park, Minnesota, thrives in industries such as healthcare, education, manufacturing, and retail. Top companies in the city include North Memorial Health Hospital, a major healthcare provider; Hennepin Technical College, a key educational institution; Boston Scientific, 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, fostering innovation, and improving business performance.

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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 14870 Granada Avenue, Apple Valley, Minnesota is less than 35 miles away from Brooklyn Park and provides R&D tax credit consulting and advisory services to Brooklyn Park and the surrounding areas such as: Minneapolis, Saint Paul, Rochester, Bloomington and Duluth.

If you have any questions or need further assistance, please call or email our local Minnesota Partner on (952) 236-4344.
Feel free to book a quick teleconference with one of our Minnesota 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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Brooklyn Park, Minnesota Patent of the Year – 2024/2025

4C Medical Technologies Inc. has been awarded the 2024/2025 Patent of the Year for innovation in cardiovascular intervention. Their invention, detailed in U.S. Patent No. 11857441, titled ‘Stent loading device’, simplifies and improves the process of preparing stents for delivery during minimally invasive heart procedures.

Stents are tiny mesh tubes used to keep arteries open, often inserted with delicate precision. This new device streamlines the critical step of loading stents into catheters, making the process faster, safer, and more reliable. It ensures consistent stent positioning and helps reduce the risk of damage during preparation.

The patent describes a compact, easy-to-use tool that aligns and compresses the stent smoothly. This results in better outcomes during procedures and supports the growing demand for transcatheter heart valve therapies. It also benefits surgical teams by reducing manual steps and improving workflow in operating rooms.

By improving how stents are handled before implantation, 4C Medical Technologies brings greater efficiency to a life-saving procedure. This invention supports the company’s mission to advance structural heart therapies that reduce patient risk and recovery time.

As minimally invasive treatments become more common, tools like this play a key role in making procedures safer and more effective. This patent marks a step forward in delivering precise, patient-friendly cardiovascular care.