Troy R&D Tax Credit Explained for Businesses

R&D Tax Credits for Troy, New York Businesses

Troy, New York, thrives in industries such as healthcare, education, manufacturing, technology, and retail. Top companies in the city include St. Peter’s Health Partners, a leading healthcare provider; Rensselaer Polytechnic Institute, a major educational institution; GE Power, a significant manufacturing employer; MapInfo, a key player in the technology sector; and the Troy Waterfront Farmers’ Market, a prominent retail attraction. This allows businesses to reinvest in R&D, improve operations, and develop new products, boosting their competitiveness and contributing to Troy’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 10 miles away from Troy and provides R&D tax credit consulting and advisory services to Troy and the surrounding areas such as: Albany, Schenectady, Colonie, Saratoga Springs and Clifton Park.

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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Troy, New York Patent of the Year – 2024/2025

International Electronic Machines Corp. has been awarded the 2024/2025 Patent of the Year for innovation in health monitoring technology. Their invention, detailed in U.S. Patent No. 11961232, titled ‘Automated sensing system for health detection’, introduces a contactless, AI-powered system that identifies signs of illness in real time.

This system uses remote sensors and smart data analysis to detect physiological and behavioral changes. It can flag symptoms such as fever, fatigue, or abnormal movements without requiring physical interaction. Designed for use in public spaces, workplaces, and transportation hubs, the technology enables rapid health screening without slowing down daily activity.

One key feature is its ability to integrate with existing monitoring systems. It enhances safety while protecting individual privacy, offering early warning without storing or sharing personal data. This makes it especially valuable during disease outbreaks or flu seasons.

By automating frontline health detection, International Electronic Machines Corp. is helping organizations respond faster to potential health threats. Their invention supports smarter public safety infrastructure and reduces the burden on human health screeners. As the world looks for scalable health solutions, this technology offers both speed and precision in a non-invasive format.