Springfield R&D Tax Credit Explained for Businesses

R&D Tax Credits for Springfield, Ohio Businesses

Springfield, Ohio, thrives in industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Navistar International, a leading manufacturing company; Mercy Health, a major healthcare provider; Wittenberg University, a significant educational institution; the Upper Valley Mall, a key player in the retail sector; and Assurant, 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 50 miles away from Springfield and provides R&D tax credit consulting and advisory services to Springfield and the surrounding areas such as: Columbus, Cincinnati, Dayton, Kettering and Hamilton.

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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Springfield, Ohio Patent of the Year – 2024/2025

RAM Medical Innovations LLC has been awarded the 2024/2025 Patent of the Year for a major breakthrough in vascular care. Their invention, detailed in U.S. Patent No. 11877940, titled ‘Modified fixed flat wire bifurcated catheter and its application in lower extremity interventions’, improves the precision and safety of procedures treating blockages in the legs.

This innovative catheter design uses a unique flat wire configuration to enhance flexibility and control during lower limb vascular interventions. It enables physicians to navigate complex blood vessels more easily and reach challenging areas with greater accuracy.

The bifurcated design allows the device to split and support dual pathways within the artery, improving blood flow and procedural efficiency. Its fixed structure also enhances stability, reducing the risk of damage to delicate vessel walls during placement.

By refining how catheters function in narrow, tortuous vessels, RAM Medical Innovations is helping reduce complications and recovery time for patients with peripheral artery disease. The technology offers promise in both routine and high-risk interventions where traditional tools fall short.

This advancement reflects a growing trend in personalized and precision-based medical devices. With this patented catheter, clinicians gain a smarter, safer way to restore circulation to the lower limbs – ultimately improving outcomes and quality of life for patients worldwide.