Newark R&D Tax Credit Explained for Businesses

R&D Tax Credits for Newark, Ohio Businesses

Newark, Ohio, is known for industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Owens Corning, a leading manufacturing company; Licking Memorial Hospital, a major healthcare provider; Ohio State University-Newark, a significant educational institution; the Indian Mound Mall, a key player in the retail sector; and Bayer, 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 40 miles away from Newark and provides R&D tax credit consulting and advisory services to Newark and the surrounding areas such as: Columbus, Zanesville, Lancaster, Mansfield and Marion.

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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Newark, Ohio Patent of the Year – 2024/2025

Safe Place Bedding LLC has been awarded the 2024/2025 Patent of the Year for a groundbreaking safety innovation. Their invention, detailed in U.S. Patent No. 12035809, titled ‘Attachable child safety sealable bedding enclosure’, introduces a portable and secure bedding solution designed to keep children safe while they sleep.

The invention features a soft, sealable enclosure that attaches to a mattress, creating a cozy, breathable space that prevents children from wandering or falling out of bed. Its flexible design allows caregivers to set it up quickly and secure it safely without the need for bulky equipment or permanent installation.

Designed especially for children with special needs or those at risk of injury during sleep, this enclosure provides peace of mind for families, hospitals, and care facilities. It balances freedom of movement with protection, using durable yet soft materials to keep the child comfortable and secure throughout the night.

One key benefit is portability. The enclosure can be easily folded and transported, making it ideal for travel, hotel stays, or visits to relatives. This adaptability supports consistent sleep routines and ensures a safe sleep environment in unfamiliar settings.

Safe Place Bedding’s invention offers a practical and compassionate solution to a common safety concern. By combining thoughtful design with everyday usability, the company is helping families create safer spaces for children who need extra care during sleep.