Lancaster R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lancaster, Pennsylvania Businesses

Lancaster, Pennsylvania, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Lancaster General Health, a leading healthcare provider; Franklin & Marshall College, a major educational institution; Armstrong World Industries, a significant manufacturing employer; the Park City Center, a key player in the retail sector; and High Industries, 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 80 miles away from Lancaster and provides R&D tax credit consulting and advisory services to Lancaster and the surrounding areas such as: Manheim Township, East Hempfield Township, Manor Township, Warwick Township and Ephrata.

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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Lancaster, Pennsylvania Patent of the Year – 2024/2025

Reflexion Interactive Technologies Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in neurological assessment technology. Their invention, detailed in U.S. Patent No. 11918369, titled ‘Neurological and motor function screening apparatus’, introduces a portable, foldable touchscreen system designed to evaluate cognitive and motor functions through interactive stimuli.

This patented apparatus comprises multiple interconnected touchscreen panels that form a wide display, extending into the user’s peripheral vision. Mounted on an adjustable stand, the system presents visual, tactile, or auditory stimuli and records user responses with precise timing and location data. The design allows for accurate assessment of reaction times and motor coordination, essential for detecting conditions like concussions.

The device’s portability and collapsible structure make it suitable for various settings, including sports facilities, clinics, and field environments. Its ability to provide immediate feedback on neurological performance aids in timely decision-making for health professionals and coaches alike.

Reflexion Interactive Technologies Inc.’s development represents a significant advancement in accessible neurological screening tools. By combining interactive technology with practical design, this invention offers a reliable solution for monitoring and assessing brain health in diverse scenarios.