Erie R&D Tax Credit Explained for Businesses

R&D Tax Credits for Erie, Pennsylvania Businesses

Erie, Pennsylvania, thrives in industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include GE Transportation, a leading manufacturing company; UPMC Hamot, a major healthcare provider; Penn State Behrend, a significant educational institution; the Millcreek Mall, a key player in the retail sector; and LORD Corporation, 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 420 miles away from Erie and provides R&D tax credit consulting and advisory services to Erie and the surrounding areas such as: Millcreek, Harborcreek, Fairview, Summit and North East.

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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Erie, Pennsylvania Patent of the Year – 2024/2025

EverestMedical LLC has been awarded the 2024/2025 Patent of the Year for its groundbreaking advancement in surgical suture technology. Their invention, detailed in U.S. Patent No. 12024804, titled ‘Method of making a surgical braid’, introduces a novel braiding technique that enhances the strength and reliability of surgical sutures.

Traditional surgical braids often face limitations in flexibility and strength, impacting their performance during critical procedures. EverestMedica’s patented method revolutionizes this by employing a dynamic braiding process. It involves moving multiple bobbins along an endless active track, with the capability to selectively divert individual bobbins to a passive track. This selective movement allows for precise control over the braid’s structure, resulting in sutures with improved tensile strength and adaptability.

The innovation lies in the ability to manipulate the braid’s composition in real-time, tailoring it to specific surgical needs. This method not only enhances the mechanical properties of the sutures but also ensures consistency and reliability, which are paramount in surgical applications. The improved braiding technique can lead to better patient outcomes by reducing the risk of suture failure and promoting efficient healing.

EverestMedical LLC’s commitment to advancing medical technology is evident in this patent. By addressing the limitations of conventional suturing materials, they are setting new standards in surgical care. This invention holds the promise of transforming surgical practices, offering medical professionals tools that align with the evolving demands of modern medicine.