Youngstown R&D Tax Credit Explained for Businesses

R&D Tax Credits for Youngstown, Ohio Businesses

Youngstown, Ohio, is known for industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Vallourec Star, a leading manufacturing company; Mercy Health, a major healthcare provider; Youngstown State University, a significant educational institution; the Southern Park Mall, a key player in the retail sector; and Turning Technologies, 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 175 miles away from Youngstown and provides R&D tax credit consulting and advisory services to Youngstown and the surrounding areas such as: Akron, Canton, Youngstown, Boardman and Austintown.

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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Youngstown, Ohio Patent of the Year – 2024/2025

Brilex Technical Solutions LLC has been awarded the 2024/2025 Patent of the Year for a major innovation in steel processing. Their invention, detailed in U.S. Patent No. 11883869, titled ‘Butt retrieval system’, introduces an automated method to recover and recycle discarded ends of steel billets during production.

The new system addresses a longstanding challenge in continuous steel casting. When billet ends, or “butts,” are cut off during processing, they typically drop to the ground and are manually collected. This slows production, poses safety risks, and leads to material waste.

Brilex’s patented solution uses mechanical arms and guided transport to automatically retrieve these billet butts and return them to a processing area. The system can identify, lift, and relocate hot or heavy metal pieces with minimal human intervention. This boosts safety and reduces downtime.

Designed for seamless integration into existing steel mill operations, the system not only saves labor costs but also improves material efficiency. The collected butts can be reprocessed, lowering scrap rates and maximizing steel utilization. The invention has potential applications across multiple high-output metalworking industries.

Brilex Technical Solutions LLC continues to lead in industrial innovation with technologies that enhance performance, safety, and sustainability in heavy manufacturing environments.