Maple Grove R&D Tax Credit and Its Benefits to Companies

R&D Tax Credits for Maple Grove, Minnesota Businesses

Maple Grove, Minnesota, thrives in industries such as healthcare, education, technology, 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 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 oosting Maple Grove’s 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 14870 Granada Avenue, Apple Valley, Minnesota is less than 35 miles away from Maple Grove and provides R&D tax credit consulting and advisory services to Maple Grove and the surrounding areas such as: Minneapolis, Saint Paul, Rochester, Bloomington and Brooklyn Park.

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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Maple Grove, Minnesota Patent of the Year – 2024/2025

Radux Devices LLC has been awarded the 2024/2025 Patent of the Year for innovation in medical radiation safety. Their invention, detailed in U.S. Patent No. 11948701, titled ‘Radiation shielding devices, systems, and methods’, introduces a new way to protect healthcare workers during imaging procedures.

This breakthrough addresses a persistent challenge in interventional radiology and surgery: reducing radiation exposure for clinicians. The patented device provides an adjustable, mobile barrier that shields users from harmful scatter radiation while allowing full access to patients and equipment.

Unlike traditional fixed shields, this system can be positioned precisely and adjusted in real time. It integrates with existing medical tools and fits seamlessly into crowded procedure rooms. Its lightweight design makes setup fast and minimizes workflow disruption.

Clinicians who regularly perform fluoroscopy-guided procedures face increased long-term radiation risks. Radux Devices’ invention reduces that risk without compromising visibility or mobility. This is especially important as demand for minimally invasive procedures grows.

The innovation not only enhances safety but also supports ergonomic use. With flexible mounting options and intuitive operation, it protects without getting in the way. Radux Devices continues to push for smarter, safer medical environments—and this patent marks a major step forward.