Cary R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Cary, North Carolina Businesses

Cary, North Carolina, is known for industries such as technology, healthcare, education, manufacturing, and retail. Top companies in the city include SAS Institute, a leading technology company; WakeMed Health & Hospitals, a major healthcare provider; Wake Technical Community College, a significant educational institution; MetLife, a key player in the manufacturing sector; and the Cary Towne Center, a prominent retail complex. 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 6255 Towncenter Drive, Clemmons, North Carolina is less than 110 miles away from Cary and provides R&D tax credit consulting and advisory services to Cary and the surrounding areas such as: Durham, Fayetteville, Apex, Chapel Hill and Wake Forest.

If you have any questions or need further assistance, please call or email our local North Carolina Partner on (984) 480-4601.
Feel free to book a quick teleconference with one of our North Carolina 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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Cary, North Carolina Patent of the Year – 2024/2025

Benanova Inc. has been awarded the 2024/2025 Patent of the Year for sustainable nanotechnology innovation. Their invention, detailed in U.S. Patent No. 11856948, titled ‘Colloidal particle formulations with advanced functionality’, introduces eco-friendly formulations that enhance the performance of personal care, agricultural, and cleaning products.

The patent describes a new class of bio-based colloidal particles designed to carry active ingredients more effectively. These particles are created from natural, biodegradable materials, making them safe for people and the environment. They provide targeted delivery while reducing the need for harsh chemicals.

Unlike conventional additives, Benanova’s particles can be tailored for specific functions such as time-release, stability in complex mixtures, or surface adhesion. This versatility opens doors across industries, from skincare and crop protection to household cleaners and industrial processes.

By replacing synthetic carriers with green alternatives, the technology reduces environmental impact without compromising performance. Manufacturers can now offer high-functioning products that meet growing consumer demand for sustainability. Benanova Inc.’s breakthrough highlights how advanced science can deliver practical solutions to everyday challenges.