R&D Tax Credits for Euclid, Ohio Businesses

Euclid, Ohio, thrives in industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Lincoln Electric, a leading manufacturing company; University Hospitals, a major healthcare provider; the Euclid City School District, a significant educational institution; the Euclid Square Mall, a key player in the retail sector; and Rockwell Automation, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements.

Are you eligible?

R&D Tax Credit Eligibility AI Tool

Why choose us?

directive for LBI taxpayers

Pass an Audit?

directive for LBI taxpayers

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 155 miles away from Euclid and provides R&D tax credit consulting and advisory services to Euclid and the surrounding areas such as: Cleveland, 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.



Euclid, Ohio Patent of the Year – 2024/2025

Powdermet Inc. has been awarded the 2024/2025 Patent of the Year for a pioneering medical imaging innovation. Their invention, detailed in U.S. Patent No. 11859489, titled ‘Acoustic imaging agent’, introduces a new class of materials that enhance ultrasound imaging with greater precision and safety.

This technology uses microstructured particles filled with gas to improve how ultrasound captures internal images of the body. These tiny, engineered spheres respond to sound waves more clearly than traditional agents, helping doctors see organs, tissues, and blood flow with greater clarity.

One of the major advantages of this invention is its stability. The particles maintain their structure and acoustic response longer than conventional agents. This gives medical professionals more time and better contrast during imaging procedures. The particles are also designed to be biocompatible and safe for use in the body.

Beyond diagnostics, the technology has potential applications in targeted drug delivery, where the particles could carry medications to specific tissues and release them using ultrasound. This opens up promising paths for less invasive treatment options.

By advancing how ultrasound images are produced and interpreted, Powdermet Inc. is helping improve patient outcomes across a wide range of medical conditions. The invention reflects the company’s commitment to developing smarter, safer tools for tomorrow’s healthcare systems.


R&D Tax Credit Training for OH CPAs

directive for LBI taxpayers

Upcoming Webinar

 

R&D Tax Credit Training for OH CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinar

 

R&D Tax Credit Training for OH SMBs

water tech

Upcoming Webinar

 


Choose your state

find-us-map

Never miss a deadline again

directive for LBI taxpayers

Stay up to date on IRS processes

Discover R&D in your industry

Contact Us


Ohio Office 

Swanson Reed | Specialist R&D Tax Advisors
20 E Broad St
Columbus, OH 43215

 

Phone: (380) 220-1380