Woodbury R&D Tax Credit and Its Benefits to Companies

R&D Tax Credits for Woodbury, Minnesota Businesses

Woodbury, Minnesota, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include HealthPartners, a major healthcare provider; Century College, a key educational institution; 3M, 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, encourage innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Woodbury’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 25 miles away from Woodbury and provides R&D tax credit consulting and advisory services to Woodbury 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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Woodbury, Minnesota Patent of the Year – 2024/2025

KnectIQ Inc. has been awarded the 2024/2025 Patent of the Year for innovation in cybersecurity infrastructure. Their invention, detailed in U.S. Patent No. 12003620, titled ‘System and method for secure electronic data transfer’, introduces a new way to protect digital communications from breaches and interception.

The patented technology ensures secure data exchange between electronic devices without exposing sensitive keys during transit. It breaks from traditional encryption methods by using a dynamic, decentralized key system that resists theft, cloning, and spoofing attempts.

This innovation is critical as cyberattacks grow more sophisticated and costly. The method allows secure communications even across untrusted networks, creating trusted links on demand. It minimizes attack surfaces by eliminating persistent credentials and central key storage.

Designed for real-world deployment, the system supports industries like finance, healthcare, defense, and critical infrastructure. It delivers both high-level security and fast, seamless performance. KnectIQ’s approach emphasizes privacy, integrity, and resilience in a threat-heavy digital environment.

By removing vulnerabilities found in legacy encryption, this patented method sets a new benchmark for trusted communications. It’s a leap forward in safeguarding data in motion, bringing enterprise-grade protection to any device or application. With this award-winning breakthrough, KnectIQ is reshaping the future of secure data exchange.