Yonkers R&D Tax Credit Explained for Businesses

R&D Tax Credits for Yonkers, New York Businesses

Yonkers, New York, thrives in industries such as healthcare, education, retail, manufacturing, and technology. Top companies in the city include St. John’s Riverside Hospital, a leading healthcare provider; Sarah Lawrence College, a major educational institution; Stew Leonard’s, a significant retail employer; Alexander & Alexander, a key player in the manufacturing sector; and IBM, a prominent technology company. This allows businesses to reinvest in R&D, improve operations, and develop new products, boosting their competitiveness and contributing to Yonkers’ 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 150 miles away from Yonkers and provides R&D tax credit consulting and advisory services to Yonkers and the surrounding areas such as: New York City, Hempstead, Brookhaven, Islip and Oyster Bay.

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

American Specialties Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in restroom privacy solutions. Their invention, detailed in U.S. Patent No. 12060750, titled ‘Process for manufacturing an interlocking molding with sightline elimination flange for toilet and other partitions’, introduces a method to enhance privacy in public restrooms by eliminating gaps between partition doors and walls.

This patented process involves transforming a flat metallic strip into a complex profile through a series of precision dies. The resulting interlocking molding features a unique flange design that conceals sightlines, ensuring complete privacy for users. The molding’s structure includes multiple bends and layers, creating a seamless connection between partition components.

By addressing the common issue of visible gaps in restroom partitions, this innovation offers a practical solution for facilities aiming to improve user comfort and privacy. The manufacturing method allows for consistent production of these moldings, facilitating widespread adoption in various public and commercial settings.

American Specialties Inc.’s development reflects a commitment to enhancing the user experience in public restrooms through thoughtful design and engineering. This advancement not only meets the growing demand for privacy but also sets a new standard in partition manufacturing processes.