Philadephia R&D Tax Credit Explained for Businesses

R&D Tax Credits for Philadelphia, Pennsylvania Businesses

Philadelphia, Pennsylvania, is a major hub for industries such as healthcare, education, finance, technology, and manufacturing. Top companies in the city include the University of Pennsylvania Health System, a leading healthcare provider; Comcast, a major technology employer; the University of Pennsylvania, a significant educational institution; Vanguard Group, a key player in the finance sector; and GlaxoSmithKline, a prominent manufacturing company. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

find out more

Are you eligible?

Why choose us?

Pass an Audit?

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 provides R&D tax credit consulting and advisory services to Philadelphia and the surrounding areas such as: Allentown, Reading, Bethlehem, Trenton and Camden.

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.

Schedule a Teleconference

Philadelphia, Pennsylvania Patent of the Year – 2024/2025

Envirokure Incorporated has been awarded the 2024/2025 Patent of the Year for innovation in sustainable agriculture. Their invention, detailed in U.S. Patent No. 12037297, titled ‘Process for manufacturing nutritional compositions for plants and soils’, outlines a breakthrough method for transforming organic waste into high-performance fertilizers.

This patented process extracts valuable nutrients from animal waste and other organic matter, converting them into safe, stable, and effective soil enhancers. Unlike traditional fertilizers, the resulting product is biologically active, supports soil health, and poses minimal risk of runoff or contamination.

The innovation stands out for its ability to address both agricultural productivity and environmental sustainability. It enables farmers to enrich soil with organic nutrients while reducing reliance on synthetic chemicals. The process also captures and stabilizes nitrogen and phosphorus, two key nutrients often lost during composting or traditional treatment methods.

By repurposing waste into nutrient-rich solutions, EnviroKure delivers a scalable approach to regenerative agriculture. Their method supports crop health, lowers greenhouse gas emissions, and contributes to a circular farming economy. This patent marks a meaningful step forward in eco-friendly food production and soil restoration.