Cincinnati R&D Tax Credit Explained for Businesses

R&D Tax Credits for Cincinnati, Ohio Businesses

Cincinnati, Ohio, is known for industries such as healthcare, education, manufacturing, finance, and retail. Top companies in the city include Cincinnati Children’s Hospital Medical Center, a leading healthcare provider; the University of Cincinnati, a major educational institution; Procter & Gamble, a significant manufacturing employer; Fifth Third Bank, a key player in the finance sector; and Kroger, a prominent retail 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 20 E Broad St, Columbus, Ohio is less than 110 miles away from Cincinnati and provides R&D tax credit consulting and advisory services to Cincinnati and the surrounding areas such as: Hamilton, Middletown, Fairfield, Covington and Mason.

If you have any questions or need further assistance, please call or email our local Ohio Partner on (380) 220-1380.
Feel free to book a quick teleconference with one of our Ohio 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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Cincinnati, Ohio Patent of the Year – 2024/2025

ChallengeRunner LLC has been awarded the 2024/2025 Patent of the Year for innovation in virtual competition technology. Their invention, detailed in U.S. Patent No. 11975239, titled ‘Virtual competitive event management system with result validation’, offers a secure and reliable platform for organizing and validating online competitions.

This new system allows participants to compete remotely while ensuring the accuracy and fairness of their results. It uses smart algorithms and data verification methods to confirm performance, preventing fraud and errors. The platform supports a wide range of events, from running races to fitness challenges.

ChallengeRunner LLC designed this technology to meet growing demand for virtual competitions, especially after recent shifts to online activities. The system provides event organizers with tools to manage registrations, track progress, and deliver verified results seamlessly.

With real-time result validation, competitors can trust the fairness of outcomes without needing in-person supervision. This invention opens new opportunities for global participation and community building through virtual events.

ChallengeRunner LLC’s platform represents a major step forward in making competitive sports accessible, transparent, and scalable. It promises to transform how people connect and compete in the digital age.