Sioux Falls R&D Tax Credit Explained for Companies

R&D Tax Credits for Sioux Falls, South Dakota Businesses

Sioux Falls, South Dakota, is a major hub for industries such as healthcare, finance, education, manufacturing, and technology. Top companies in the city include Sanford Health, a leading healthcare provider; Wells Fargo, a major finance employer; Augustana University, a significant educational institution; John Morrell & Co., a key player in the manufacturing sector; and Raven Industries, a prominent technology company. The Research and Development (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 101 South Reid Street, Sioux Falls, South Dakota provides R&D tax credit consulting and advisory services to Sioux Falls and the surrounding areas such as: Brandon, Harrisburg, Tea, Dell Rapids and Hartford.

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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Sioux Falls, South Dakota Patent of the Year – 2024/2025

Balance Ophthalmics Inc. has been awarded the 2024/2025 Patent of the Year for innovation in ocular therapy. Their invention, detailed in U.S. Patent No. 12036180, titled ‘Eye treatment apparatus and method with independent pressure sources’, introduces a device that delivers targeted pressure therapy to the eyes using independently controlled air sources.

The invention uses two separate pressure channels to apply alternating or simultaneous air pulses to each eye. This dual-channel design allows for customizable treatment, improving effectiveness in managing dry eye, ocular fatigue, and other eye-related conditions. Patients can receive consistent and controlled therapy that adapts to their needs without relying on a one-size-fits-all setting.

The apparatus is designed to be lightweight and user-friendly, with a focus on comfort and ease of application. The innovation helps clinicians provide non-invasive, repeatable treatments that reduce the need for drugs or surgery. By offering more precise control over air flow and timing, the device supports long-term eye health and enhances patient experience in therapeutic settings.

Balance Ophthalmics Inc. has taken a bold step toward modernizing eye care with this patent. Their eye treatment system reflects a growing demand for personalized medical devices that combine simplicity, safety, and innovation. This new technology sets the stage for broader applications in home-based and clinical ophthalmology.