Chattanooga R&D Tax Credit Explained for Businesses

R&D Tax Credits for Chattanooga, Tennessee Businesses

Chattanooga, Tennessee, thrives in industries such as manufacturing, healthcare, education, retail, and technology. Top companies in the city include Volkswagen, a leading manufacturing company; Erlanger Health System, a major healthcare provider; the University of Tennessee at Chattanooga, a significant educational institution; the Hamilton Place Mall, a key player in the retail sector; and EPB, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing innovation and technological advancements. This allows businesses to reinvest in R&D contributing to Chattanooga’s economic growth.

Are you eligible?

Why choose us?

Pass an Audit?

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 1910 Madison Avenue, Memphis, Tennessee is less than 335 miles away from Chattanooga and provides R&D tax credit consulting and advisory services to Chattanooga and the surrounding areas such as: East Ridge, Soddy-Daisy, Red Bank, Middle Valley and Collegedale.

If you have any questions or need further assistance, please call or email our local Tennessee Partner on (901) 254-7002.
Feel free to book a quick teleconference with one of our Tennessee 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.

Schedule a Teleconference

Chattanooga, Tennessee Patent of the Year – 2024/2025

Variamed LLC has been awarded the 2024/2025 Patent of the Year for its innovation in surgical workspace design. Their invention, detailed in U.S. Patent No. 11883212, titled ‘Surgical instrument table and drape therefor’, introduces a tiered surgical table paired with a custom-fitted drape that enhances sterility and efficiency in operating rooms.

Maintaining a sterile environment during surgery is critical. Traditional methods of draping multi-tiered instrument tables can be cumbersome and prone to contamination. Variamed’s solution addresses these challenges by integrating a two-tiered table with a specially designed drape that fits securely over both levels, minimizing gaps and potential exposure.

The drape features upper and lower panels connected by a vertical step panel, conforming precisely to the table’s structure. It includes integrated polyethylene basin recesses that align with apertures in the table, allowing for secure placement of waste receptacles. Additionally, the drape incorporates strategically placed pockets for organizing surgical tools and supplies, streamlining access during procedures.

A notable feature is the sterile barrier attached to the drape. This barrier can be deployed over the instrument surfaces to protect them when not in immediate use, then easily removed to provide access as needed. This design simplifies the draping process, reduces setup time, and enhances infection control measures.

Variamed’s innovative approach to surgical table design exemplifies its commitment to improving operating room safety and functionality, offering a practical solution that meets the evolving needs of healthcare professionals.