Plymouth R&D Tax Credit and Its Benefits to Companies

R&D Tax Credits for Plymouth, Minnesota Businesses

Plymouth, Minnesota, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include Park Nicollet Health Services, a major healthcare provider; Hennepin Technical College, a key educational institution; Medtronic, a prominent technology 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 Plymouth’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 14870 Granada Avenue, Apple Valley, Minnesota is less than 30 miles away from Plymouth and provides R&D tax credit consulting and advisory services to Plymouth and the surrounding areas such as: Saint Paul, Rochester, Bloomington, Duluth 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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Plymouth, Minnesota Patent of the Year – 2024/2025

Deephaven Data Labs LLC has been awarded the 2024/2025 Patent of the Year for innovation in real-time data management. Their invention, detailed in U.S. Patent No. 11860948, titled ‘Keyed row selection’, improves how complex databases retrieve and update live information with speed and precision.

In industries where decisions rely on real-time data—like finance, health, or logistics—accessing the right data instantly is essential. Deephaven’s patented technology offers a smarter method for selecting and updating specific rows of data based on key values, even as the dataset changes constantly.

This advancement makes it easier to work with “live tables,” a powerful feature in modern data platforms. The invention reduces delays and boosts accuracy when dealing with large and fast-changing data streams. It also simplifies the code developers write to manage those updates, improving performance and scalability.

By enabling faster, more dynamic row access, the technology helps analysts and engineers build real-time systems with greater efficiency. Users can act on insights without lag, even as data flows in from many sources.

With this patent, Deephaven Data Labs strengthens its role as a leader in next-generation data tools. Their approach brings clarity and speed to data workflows, supporting better decision-making in environments where every second counts.