Williamsport R&D Tax Credit Explained for Businesses

R&D Tax Credits for Williamsport, Pennsylvania Businesses

Williamsport, Pennsylvania, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include UPMC Susquehanna, a leading healthcare provider; Lycoming College, a major educational institution; Andritz Hydro, a significant manufacturing employer; the Lycoming Mall, a key player in the retail sector; and Larson Design Group, 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 180 miles away from Williamsport and provides R&D tax credit consulting and advisory services to Williamsport and the surrounding areas such as: Bloomsburg, Lock Haven, Sunbury, Lewisburg and Selinsgrove.

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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Williamsport, Pennsylvania Patent of the Year – 2024/2025

The Young Industries Inc. has been awarded the 2024/2025 Patent of the Year for its innovative approach to bulk material handling. Their invention, detailed in U.S. Patent No. 7137759, titled ‘System and method for handling bulk materials’, introduces a dual-conduit auger system that enhances the transport of dry bulk materials by integrating fluidizing gas technology.

This system features a permeable inner conduit surrounded by an impermeable outer conduit, creating a chamber for fluidizing gas. As materials move through the auger, the gas permeates the inner conduit, reducing friction and preventing clogs. This design ensures smoother flow and minimizes material degradation during transport.

By incorporating sensors to monitor mass flow rate and adjust the auger’s speed accordingly, the system maintains consistent material delivery. This adaptability makes it ideal for industries requiring precise handling of powders and granules, such as pharmaceuticals, food processing, and chemicals.

The innovation reflects The Young Industries, Inc.’s commitment to developing efficient, reliable solutions for complex material handling challenges. Their focus on customized equipment and advanced technology continues to set industry standards.