Chester R&D Tax Credit Explained for Businesses

R&D Tax Credits for Chester, Pennsylvania Businesses

Chester, Pennsylvania, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Crozer-Keystone Health System, a leading healthcare provider; Widener University, a major educational institution; Kimberly-Clark, a significant manufacturing employer; the Harrah’s Philadelphia Casino & Racetrack, a key player in the retail sector; and Sunoco, 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 2001 Market Street, Philadelphia, Pennsylvania is less than 15 miles away from Chester and provides R&D tax credit consulting and advisory services to Chester and the surrounding areas such as: Philadelphia, Upper Darby, Camden, Bensalem and Lower Merion.

If you have any questions or need further assistance, please call or email our local Pennsylvania Partner on (267) 899-0130.
Feel free to book a quick teleconference with one of our Pennsylvania 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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Chester, Pennsylvania Patent of the Year – 2024/2025

Pennsy Digital Inc. has been awarded the 2024/2025 Patent of the Year for its innovative rail monitoring technology. Their invention, detailed in U.S. Patent No. 11858488, titled ‘Rail monitoring system, method and devices’, introduces a wireless sensor system that enhances the safety and reliability of railway infrastructure.

This cutting-edge system employs radar-based sensors mounted directly onto railway tracks. These sensors continuously monitor rail movement and stress, detecting issues like thermal expansion, structural shifts, or proximity changes to platforms. By capturing real-time data, the system can identify potential hazards before they escalate.

The sensors transmit data to a centralized gateway, which can be solar-powered or connected via long-life batteries. This gateway communicates with remote monitoring stations using networks such as cellular or Wi-Fi, ensuring timely alerts and responses. The system’s design allows for installation without disrupting regular rail operations.

One notable feature is its ability to monitor the distance between rails and adjacent platforms. If a rail shifts closer to a platform beyond a safe threshold, the system triggers alerts, potentially prompting trains to slow down or stop, thereby preventing accidents.

By integrating advanced sensing technology with real-time data analysis, Pennsy Digital Inc.’s invention offers a proactive approach to rail maintenance. This innovation not only enhances passenger safety but also reduces maintenance costs and downtime, marking a significant advancement in railway system management.