Elyria R&D Tax Credit Explained for Businesses

R&D Tax Credits for Elyria, Ohio Businesses

Elyria, Ohio, thrives in industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Bendix Commercial Vehicle Systems, a leading manufacturing company; University Hospitals Elyria Medical Center, a major healthcare provider; Lorain County Community College, a significant educational institution; the Midway Mall, a key player in the retail sector; and Ridge Tool Company, 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 120 miles away from Elyria and provides R&D tax credit consulting and advisory services to Elyria and the surrounding areas such as: Cleveland, Akron, Parma, Canton and Lorain.

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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Elyria, Ohio Patent of the Year – 2024/2025

MP Antenna Ltd. has been awarded the 2024/2025 Patent of the Year for a smart network monitoring breakthrough. Their invention, detailed in U.S. Patent No. 11917434, titled ‘System for automated mapping of wireless network quality’, enables real-time, location-based tracking of wireless signal strength across any environment.

Using this system, network providers can map performance with greater accuracy and efficiency. The innovation automates data collection and analysis, eliminating the need for manual signal testing in the field.

The system integrates wireless communication devices with GPS and signal analysis tools. As devices move through a space, the system captures live network data, creating a dynamic map of signal strength and quality. This map reveals coverage gaps, interference zones, and high-performance areas.

The technology can benefit industries that rely on strong wireless infrastructure, including smart cities, logistics, public safety, and manufacturing. By identifying weak spots before they become problems, companies can improve uptime and reduce costly disruptions.

MP Antenna Ltd. has long been recognized for its advanced antenna designs. With this patent, the company steps into intelligent network diagnostics, offering a new tool for optimizing wireless systems at scale. It marks a shift from reactive troubleshooting to proactive performance management in the age of always-connected devices.