State College R&D Tax Credit Explained for Businesses

R&D Tax Credits for State College, Pennsylvania Businesses

State College, Pennsylvania, thrives in industries such as education, healthcare, technology, manufacturing, and retail. Top companies in the city include Penn State University, a leading educational institution; Mount Nittany Medical Center, a major healthcare provider; AccuWeather, a significant technology employer; Corry Jamestown Corporation, a key player in the manufacturing sector; and the Nittany Mall, a prominent retail complex. 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 195 miles away from State College and provides R&D tax credit consulting and advisory services to State College and the surrounding areas such as: Altoona, Williamsport, Johnstown, Lewistown and Lock Haven.

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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State College, Pennsylvania Patent of the Year – 2024/2025

Spotless Materials Inc. has been awarded the 2024/2025 Patent of the Year for its innovative surface treatment technology. Their invention, detailed in U.S. Patent No. 11883558, titled ‘Formulations and processes to generate repellent surfaces on medical devices’, introduces a novel approach to creating repellent coatings on various substrates, including medical devices.

This breakthrough technology offers a one-step process to apply a repellent coating that effectively reduces adhesion of liquids, bacteria, and other contaminants. The formulation comprises reactive components, a solvent, and a lubricant, which, upon drying, form a bonded layer with the lubricant stably adhered. This results in surfaces that are slippery and resistant to fouling.

The versatility of this coating is notable. It can be applied to a wide range of materials such as polymers, metals, ceramics, and glass. Applications extend beyond medical devices to include plumbing fixtures, automotive parts, and construction materials. The coating process is straightforward, requiring only ambient conditions without the need for specialized equipment.

Spotless Materials Inc.’s innovation addresses a significant need in maintaining hygiene and reducing maintenance across various industries. By simplifying the application process and enhancing surface repellency, this technology promises to improve the longevity and cleanliness of products, particularly in medical and sanitary environments.