Franklin R&D Tax Credit Explained for Businesses

R&D Tax Credits for Franklin, Tennessee Businesses

Franklin, Tennessee, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Williamson Medical Center, a leading healthcare provider; Franklin Special School District, a major educational institution; Nissan North America, a significant manufacturing employer; the CoolSprings Galleria, a key player in the retail sector; and Community Health Systems, 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 1910 Madison Avenue, Memphis, Tennessee is less than 205 miles away from Franklin and provides R&D tax credit consulting and advisory services to Franklin and the surrounding areas such as: Nashville, Murfreesboro, Clarksville, Chattanooga and Knoxville.

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.

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Franklin, Tennessee Patent of the Year – 2024/2025

3SAE Technologies Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in precision fiber optics. Their invention, detailed in U.S. Patent No. 11926553, titled ‘Self-learning fiber processing system and method’, introduces an adaptive system that enhances the accuracy and efficiency of optical fiber tapering by utilizing real-time feedback and automated adjustments.

This self-learning system processes optical fibers by first modeling an ideal taper based on input parameters. It then performs the tapering operation and measures the resulting fiber dimensions. By comparing the actual measurements to the modeled data, the system identifies discrepancies and automatically adjusts processing parameters for subsequent operations. This iterative approach ensures consistent quality and reduces the need for manual intervention.

The technology is particularly beneficial for applications requiring high-precision fiber components, such as in telecommunications, medical devices, and aerospace systems. By automating the adjustment process, the system minimizes human error and enhances production efficiency.

3SAE Technologies Inc.’s development represents a significant advancement in optical fiber manufacturing, offering a smarter, more reliable method for producing high-quality fiber components. This innovation not only streamlines the production process but also sets a new standard for precision in the industry.