Toledo R&D Tax Credit Explained for Businesses

R&D Tax Credits for Toledo, Ohio Businesses

Toledo, Ohio, thrives in industries such as manufacturing, healthcare, education, energy, and retail. Top companies in the city include Owens-Illinois, a leading manufacturing company; ProMedica, a major healthcare provider; the University of Toledo, a significant educational institution; FirstEnergy, a key player in the energy sector; and the Franklin Park Mall, a prominent retail complex. 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 145 miles away from Toledo and provides R&D tax credit consulting and advisory services to Toledo and the surrounding areas such as: Findlay, Bowling Green, Perrysburg, Adrian and Monroe.

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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Toledo, Ohio Patent of the Year – 2024/2025

Simrell Collection LLC has been awarded the 2024/2025 Patent of the Year for innovative personal comfort technology. Their invention, detailed in U.S. Patent No. 11930862, titled ‘Mouthpiece with adjustment’, introduces a customizable mouthpiece designed for improved fit and comfort.

This new mouthpiece allows users to easily adjust its size and shape to match their unique oral anatomy. The technology focuses on providing a secure fit that enhances performance and reduces discomfort. It is especially valuable for athletes and individuals who require mouth protection during activities.

Simrell Collection LLC’s design simplifies the adjustment process with user-friendly mechanisms. This ensures that users can tailor the mouthpiece without professional assistance. The innovation addresses common issues like poor fit, which can lead to irritation or decreased effectiveness.

By offering better fit and comfort, the mouthpiece improves safety and user experience. This could benefit a wide range of applications from sports to medical devices that require oral protection.

The invention highlights Simrell Collection LLC’s commitment to enhancing everyday products through thoughtful design. Their adjustable mouthpiece sets a new standard for personalized comfort and protection.