Paterson R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Paterson, New Jersey Businesses

Paterson, New Jersey, is known for industries such as healthcare, manufacturing, education, retail, and transportation. Top companies in the city include St. Joseph’s University Medical Center, a leading healthcare provider; Paterson Public Schools, a major educational institution; Wrightbus, a significant manufacturing employer; Walmart, a key player in the retail sector; and NJ Transit, a prominent transportation company. The R&D Tax Credit can help these industries save on taxes by encouraging 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 100 Horizon Center Boulevard, Hamilton, New Jersey is less than 65 miles away from Paterson and provides R&D tax credit consulting and advisory services to Paterson and the surrounding areas such as: Newark, Jersey City, Elizabeth, Lakewood Township and Edison.

If you have any questions or need further assistance, please call or email our local New Jersey Partner on (609) 900-2488.
Feel free to book a quick teleconference with one of our New Jersey 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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Paterson, New Jersey Patent of the Year – 2024/2025

New Era Converting Machinery Inc. has been awarded the 2024/2025 Patent of the Year for innovation in industrial automation. Their invention, detailed in U.S. Patent Application No. 20240317525, titled ‘Dual position automatic winder’, revolutionizes the way web materials are wound in high-speed manufacturing lines.

The new system allows two winding positions to operate in tandem, enabling continuous production without downtime. As one roll finishes, the machine seamlessly switches to the second position, boosting efficiency and reducing waste.

Designed for industries handling paper, film, foil, and other flexible materials, this dual-position winder simplifies roll changes and minimizes human intervention. Its automated mechanisms safely cut, transfer, and restart winding operations without halting the process.

By maintaining constant tension and speed during transitions, the machine preserves material integrity and improves product consistency. Manufacturers gain greater throughput and reliability with fewer stoppages and manual resets.

This invention showcases New Era Converting Machinery’s commitment to smarter, more productive industrial solutions. Their dual position winder helps manufacturers meet increasing demand while lowering operational costs and reducing downtime.