Johnstown R&D Tax Credit Explained for Businesses

R&D Tax Credits for Johnstown, Pennsylvania Businesses

Johnstown, Pennsylvania, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Conemaugh Health System, a leading healthcare provider; the University of Pittsburgh at Johnstown, a major educational institution; JWF Industries, a significant manufacturing employer; the Galleria Mall, a key player in the retail sector; and Concurrent Technologies 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 240 miles away from Johnstown and provides R&D tax credit consulting and advisory services to Johnstown and the surrounding areas such as: Altoona, State College, Greensburg, Indiana and Butler.

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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Johnstown, Pennsylvania Patent of the Year – 2024/2025

Wolf Precision Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking advancement in firearm barrel technology. Their invention, detailed in U.S. Patent Application No. 20240255247, titled ‘Barrel throat insert’, introduces a replaceable throat component made from durable materials like titanium or tungsten, designed to enhance barrel longevity and maintain precision over time.

Wolf Precision Inc., a leader in precision rifle manufacturing, has unveiled a novel solution to a longstanding issue in firearms: barrel throat erosion. Their patented barrel throat insert addresses this by incorporating a durable, replaceable component into the barrel’s throat region, where wear is most severe.

This insert is crafted from materials such as titanium or tungsten, known for their superior hardness and heat resistance. By absorbing the extreme pressures and temperatures generated during firing, the insert protects the surrounding barrel material from degradation. This innovation not only extends the barrel’s lifespan but also ensures consistent accuracy over time.

The design allows for the throat insert to be replaced independently of the barrel, simplifying maintenance and reducing costs for shooters. This modular approach aligns with Wolf Precision’s commitment to delivering high-performance, user-friendly firearms.

With this invention, Wolf Precision Inc. continues to push the boundaries of firearm technology, offering practical solutions that enhance performance and durability for shooters at all levels.