Scranton R&D Tax Credit Explained for Businesses

R&D Tax Credits for Scranton, Pennsylvania Businesses

Scranton, Pennsylvania, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Geisinger Community Medical Center, a leading healthcare provider; the University of Scranton, a major educational institution; Procter & Gamble, a significant manufacturing employer; the Viewmont Mall, a key player in the retail sector; and Benco Dental, 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 125 miles away from Scranton and provides R&D tax credit consulting and advisory services to Scranton and the surrounding areas such as: Allentown, Bethlehem, Wilkes-Barre, Hazleton and Easton.

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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Scranton, Pennsylvania Patent of the Year – 2024/2025

Noble BioMaterials Inc. has been awarded the 2024/2025 Patent of the Year for its innovative advancement in infrared camouflage technology. Their invention, detailed in U.S. Patent No. 11905648, titled ‘Metalized fabric that dissipates and scatters infrared light and methods or making and using the same’, introduces a novel fabric design that enhances concealment from infrared detection systems.

This patented fabric employs an unbalanced weave of two different threads, each with distinct affinities for metallization. After weaving, the entire fabric undergoes a metallization process, resulting in one side having a higher concentration of metal than the other. This asymmetrical metal distribution enables the fabric to effectively scatter and dissipate infrared light, reducing its thermal signature.

The innovation offers significant advantages for military and tactical applications, where reducing visibility to infrared sensors is critical. By manipulating the fabric’s infrared reflectivity, it enhances stealth capabilities without compromising comfort or durability. Additionally, the fabric’s design allows for consistent dyeing, ensuring it meets both functional and aesthetic requirements.

Noble BioMaterials Inc.’s development represents a significant step forward in textile-based infrared concealment. By integrating advanced material science with practical design, this invention provides a versatile solution for enhancing stealth in various operational environments.