Watertown R&D Tax Credit Benefits for Businesses

R&D Tax Credits for Watertown, South Dakota Businesses

Watertown, South Dakota, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Prairie Lakes Healthcare System, a leading healthcare provider; Lake Area Technical College, a major educational institution; Glacial Lakes Energy, a significant manufacturing employer; the Watertown Mall, a key player in the retail sector; and Dacotah Bank, 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 101 South Reid Street, Sioux Falls, South Dakota is less than 105 miles away from Watertown and provides R&D tax credit consulting and advisory services to Watertown and the surrounding areas such as: Sioux Falls, Aberdeen, Brookings, Huron and Mitchell.

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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Watertown, South Dakota Patent of the Year – 2024/2025

Wurth Electronics Midcom Inc. has been awarded the 2024/2025 Patent of the Year for their innovative approach to transformer assembly. Their invention, detailed in U.S. Patent Application No. 20240096539, titled ‘Header component, inductive device and method for assembling an inductive device’, introduces a modular system that simplifies the integration of transformers into electronic circuits.

This new design features a housing that securely encases the transformer within a cavity, accessible via a top opening. The housing includes multiple terminals that extend from the bottom, facilitating easy electrical connections to a substrate. This configuration streamlines the assembly process, reducing the need for complex wiring and minimizing the risk of errors during installation.

Additionally, the system allows for the attachment of a cover, which can be a circuit board, to further secure the transformer and provide additional electrical connections. This modular approach not only enhances the reliability of the device but also offers flexibility for future upgrades or repairs.

Würth Electronics Midcom’s innovation marks a significant advancement in transformer design, offering a more efficient and adaptable solution for modern electronic applications. This patent underscores the company’s commitment to driving progress in electronic component manufacturing.