Lorain R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lorain, Ohio Businesses

Lorain, Ohio, thrives in industries such as manufacturing, healthcare, education, retail, and transportation. Top companies in the city include Republic Steel, a leading manufacturing company; Mercy Health, a major healthcare provider; Lorain County Community College, a significant educational institution; the Midway Mall, a key player in the retail sector; and the Lorain Port Authority, a prominent transportation hub. 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 130 miles away from Lorain and provides R&D tax credit consulting and advisory services to Lorain and the surrounding areas such as: Cleveland, Akron, Parma, Canton 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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Lorain, Ohio Patent of the Year – 2024/2025

Ergomat Inc. has been awarded the 2024/2025 Patent of the Year for a breakthrough in workplace safety and design. Their invention, detailed in U.S. Patent No. 12035829, titled ‘Flexible floor mat incorporating LED lighting’, combines anti-fatigue flooring with embedded LED lights to enhance visibility and communication in work environments.

This flexible mat improves safety by integrating programmable lighting directly into the surface. The LEDs can guide movement, highlight hazards, or alert workers to changes in workflow. The lighting is low-profile and does not affect the mat’s comfort or durability.

The innovation is ideal for factories, warehouses, and high-traffic areas where visual cues support safe operations. Unlike traditional safety signage, the LED indicators are built into the walking surface, placing visual alerts exactly where workers are already looking.

The mat remains fully flexible, shock-absorbent, and resistant to wear. Power and control systems are housed in a sealed compartment, ensuring protection from dust and moisture. The result is a smart flooring solution that reduces strain, improves communication, and adapts to changing worksite conditions.

Ergomat Inc. continues to push the boundaries of ergonomic and safety design. This patented product represents a leap forward in how industrial spaces can use smart infrastructure to support both worker health and operational awareness.