Binghamton R&D Tax Credit Explained for Businesses

R&D Tax Credits for Binghamton, New York Businesses

Binghamton, New York, thrives in industries such as healthcare, education, manufacturing, technology, and retail. Top companies in the city include UHS Hospitals, a leading healthcare provider; Binghamton University, a major educational institution; Lockheed Martin, a significant manufacturing employer; BAE Systems, a key player in the technology sector; and the Oakdale Mall, a prominent retail complex. This allows businesses to reinvest in R&D, improve operations, and develop new products, boosting their competitiveness and contributing to Binghamton’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 350 Northern Blvd, Albany, New York is less than 140 miles away from Binghamton and provides R&D tax credit consulting and advisory services to Binghamton and the surrounding areas such as: Union, Vestal, Johnson City, Endicott and Endwell.

If you have any questions or need further assistance, please call or email our local New York Partner on (518) 801-0616.
Feel free to book a quick teleconference with one of our New York 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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Binghamton, New York Patent of the Year – 2024/2025

Buckingham Manufacturing Company Inc. has been awarded the 2024/2025 Patent of the Year for innovation in personal safety gear. Their invention, detailed in U.S. Patent No. 11920296, titled ‘Knife cut resistant sleeve’, introduces a durable, flexible sleeve designed to protect workers from sharp blade injuries during high-risk tasks.

This protective sleeve is engineered to resist knife cuts while maintaining comfort and mobility. Unlike bulky or rigid gear, it offers strong defense without limiting motion. The layered design uses specialized materials that absorb and deflect sharp-force trauma, shielding the user’s arm in hazardous environments.

Developed for utility workers, arborists, and others exposed to cutting tools, this sleeve enhances workplace safety. Its lightweight structure and breathability make it suitable for extended wear. It is also easy to integrate into existing uniforms and safety kits, helping teams upgrade their protection with minimal disruption.

Buckingham Manufacturing Company Inc. continues its legacy of advancing field safety. With this patented sleeve, they are addressing a critical gap in cut protection by combining innovation, usability, and real-world application. The technology reflects a broader shift toward smarter, worker-focused protective solutions that don’t compromise performance.