Rapid City R&D Tax Credit Explained for Companies

R&D Tax Credits for Rapid City, South Dakota Businesses

Rapid City, South Dakota, thrives in industries such as healthcare, education, tourism, manufacturing, and technology. Top companies in the city include Monument Health, a leading healthcare provider; the South Dakota School of Mines & Technology, a major educational institution; the Black Hills, a significant tourism attraction; Black Hills Corporation, a key player in the manufacturing sector; and Daktronics, 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 101 South Reid Street, Sioux Falls, South Dakota is less than 350 miles away from and provides R&D tax credit consulting and advisory services to Rapid City and the surrounding areas such as: Box Elder, Spearfish, Sturgis, Belle Fourche and Hot Springs.

If you have any questions or need further assistance, please call or email our local South Dakota Partner on (605) 776-2882.
Feel free to book a quick teleconference with one of our South Dakota 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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Rapid City, South Dakota Patent of the Year – 2024/2025

Dark Canyon Laboratories LLC has been awarded the 2024/2025 Patent of the Year for innovation in gastrointestinal care. Their invention, detailed in U.S. Patent No. 11975020, titled ‘Colon lavage system’, introduces a compact, self-contained device designed to improve the efficiency and comfort of colon cleansing procedures.

This advanced system offers a streamlined method to deliver and remove lavage fluid during colonoscopy preparation or other bowel-cleansing treatments. The design reduces reliance on external plumbing or multiple tools, simplifying the procedure for both patients and providers. Its integrated features help regulate flow and pressure, which enhances patient safety and comfort during use.

Unlike traditional methods that may be uncomfortable or time-consuming, this system minimizes user error and supports more consistent results. It’s especially useful in outpatient or mobile care settings where space, time, and resources are limited. The unit is easy to assemble, clean, and operate, making it well-suited for clinical use and potential home applications.

Dark Canyon Laboratories LLC continues to push boundaries in patient-focused medical device development. With this patent, the company delivers a practical innovation that aligns with the growing demand for efficient, less invasive healthcare solutions. The colon lavage system offers a smarter, safer alternative that could soon become standard in gastrointestinal procedures.