Lebanon R&D Tax Credit Explained for Businesses

R&D Tax Credits for Lebanon, Pennsylvania Businesses

Lebanon, Pennsylvania, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include WellSpan Good Samaritan Hospital, a leading healthcare provider; Lebanon Valley College, a major educational institution; Hershey Company, a significant manufacturing employer; the Lebanon Valley Mall, a key player in the retail sector; and Glatfelter, 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 2001 Market Street, Philadelphia, Pennsylvania is less than 90 miles away from Lebanon and provides R&D tax credit consulting and advisory services to Lebanon and the surrounding areas such as: Philadelphia, Pittsburgh, Allentown, Reading and Bethlehem.

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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Lebanon, Pennsylvania Patent of the Year – 2024/2025

Mary Hitchcock Memorial Hospital has been awarded the 2024/2025 Patent of the Year for their pioneering advancement in nerve repair. Their invention, detailed in U.S. Patent Application No. 20240277901, titled ‘Engineered neuronal microtissue provides exogenous axons for delayed nerve fusion and rapid neuromuscular recovery’, introduces a bioengineered solution to enhance nerve regeneration.

This innovative technology involves creating a tissue-engineered neuromuscular interface that mimics natural nerve structures. The system comprises an extracellular matrix core populated with neurons, including motor and sensory types, whose axons extend along the matrix. This design facilitates the bridging of nerve gaps, promoting faster and more effective reconnection of nerve fibers to muscle tissue.

One of the key challenges in nerve repair is the delay between injury and surgical intervention, which can lead to poor recovery outcomes. This invention addresses that issue by providing a ready-made neural scaffold that supports axon growth and muscle reinnervation even when surgery is delayed. The engineered microtissue acts as a living bridge, maintaining the potential for functional recovery.

By advancing the field of regenerative medicine, this technology holds promise for improving outcomes in patients with peripheral nerve injuries, offering a new avenue for recovery where traditional methods may fall short.