Lakewood R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lakewood, Ohio Businesses

Lakewood, Ohio, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Lakewood Hospital, a leading healthcare provider; the Lakewood City School District, a major educational institution; Lincoln Electric, a significant manufacturing employer; the Lakewood Shopping Center, a key player in the retail sector; and Rockwell Automation, a prominent technology 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 140 miles away from Lakewood and provides R&D tax credit consulting and advisory services to Lakewood and the surrounding areas such as: Akron, Parma, Canton, Lorain and Elyria.

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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Lakewood, Ohio Patent of the Year – 2024/2025

NeoGraf Solutions LLC has been awarded the 2024/2025 Patent of the Year for advancing material science. Their invention, detailed in U.S. Patent Application No. 20240034028, titled ‘Graphite article and method of making same’, introduces a novel process for producing flexible graphite with enhanced performance and versatility.

This new method improves the strength, thermal conductivity, and flexibility of graphite materials used in demanding industrial and electronics applications. The process creates a highly aligned graphite structure while preserving mechanical durability and reducing waste.

Unlike traditional methods that require intensive heat and pressure, this invention enables scalable, energy-efficient production of high-quality graphite articles. The resulting material supports advanced uses in thermal management systems, gaskets, batteries, and consumer electronics.

NeoGraf Solutions LLC has designed a process that optimizes the internal layering of graphite, allowing it to better dissipate heat and resist deformation. Manufacturers can now achieve tighter tolerances and better performance without compromising reliability or sustainability.

This technology represents a leap forward in engineered carbon materials, providing industries with a lighter, stronger, and more adaptable thermal solution. As electronics become smaller and more powerful, innovations like this will play a key role in keeping devices cool, safe, and efficient.