Elko R&D Tax Credit and Its Benefits for Businesses

R&D Tax Credits for Elko, Nevada Businesses

Elko, Nevada, thrives in industries such as mining, healthcare, education, retail, and tourism. Top companies in the city include Newmont Mining Corporation, a leading gold mining company; Northeastern Nevada Regional Hospital, a major healthcare provider; Great Basin College, a significant educational institution; Walmart, a key player in the retail sector; and the Western Folklife Center, a prominent tourism attraction. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements.

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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 200 S Virginia St, Reno, Nevada is less than 295 miles away from Elko and provides R&D tax credit consulting and advisory services to Elko and the surrounding areas such as: Spring Creek, West Wendover, Carlin, Jackpot and Wells.

If you have any questions or need further assistance, please call or email our local Nevada Partner on (775) 227-9237.
Feel free to book a quick teleconference with one of our Nevada 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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Elko, Nevada Patent of the Year – 2024/2025

MH Acoustics LLC has been awarded the 2024/2025 Patent of the Year for innovation in spatial audio capture. Their invention, detailed in U.S. Patent No. 8903106, titled ‘Augmented elliptical microphone array’, enables more accurate and immersive sound recording using a specialized microphone configuration.

This breakthrough technology improves how sound is captured in three dimensions, allowing listeners to experience audio as if they were physically present. The system uses a unique elliptical array of microphones, augmented with additional components, to better isolate and localize sounds in complex acoustic environments.

Unlike traditional microphones that record in limited channels, this array can distinguish multiple sound sources and directions with greater precision. It’s designed for use in everything from virtual reality and film to surveillance and conferencing, where audio clarity and directionality matter.

By enhancing sound localization, the invention helps machines and humans alike interpret soundscapes more naturally. This has practical value in immersive media, public safety, and communication technology. The design is compact, efficient, and compatible with advanced signal processing tools.

MH Acoustics LLC’s innovation moves spatial audio a step closer to replicating real-world hearing. With this patented system, users gain a richer, clearer, and more lifelike sound experience, redefining how we record and interact with audio across industries.