Cleveland R&D Tax Credit Explained for Businesses

R&D Tax Credits for Cleveland, Ohio Businesses

Cleveland, Ohio, thrives in industries such as healthcare, manufacturing, education, finance, and technology. Top companies in the city include the Cleveland Clinic, a leading healthcare provider; Sherwin-Williams, a major manufacturing employer; Case Western Reserve University, a significant educational institution; KeyBank, a key player in the finance sector; and Progressive Insurance, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing 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 145 miles away from Cleveland and provides R&D tax credit consulting and advisory services to Cleveland and the surrounding areas such as: Akron, Parma, Lorain, Elyria and Lakewood.

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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Cleveland, Ohio Patent of the Year – 2024/2025

Cleveland Medical Devices Inc. has been awarded the 2024/2025 Patent of the Year for revolutionizing sleep health technology. Their invention, detailed in U.S. Patent No. 11857333, titled ‘Integrated sleep diagnostic and therapeutic system and method’, combines sleep monitoring and treatment in a single, streamlined device.

This new system offers a comprehensive way to diagnose and treat sleep disorders with ease. It integrates advanced sensors and therapeutic functions to track sleep patterns and deliver timely interventions. The technology targets common conditions like sleep apnea, improving patient outcomes while reducing the need for multiple devices.

Cleveland Medical Devices Inc. designed this system for user comfort and clinical efficiency. Patients can receive real-time treatment based on accurate, continuous monitoring data. This approach reduces delays in diagnosis and shortens treatment timelines.

The device’s smart algorithms analyze sleep quality and automatically adjust therapy. This personalized care promotes better sleep and overall health. The invention could transform how sleep disorders are managed in homes and clinics.

By uniting diagnosis and therapy, Cleveland Medical Devices Inc. advances sleep medicine into a new era. Their innovation promises to improve lives by making sleep health more accessible, effective, and patient-friendly.