Johnson City R&D Tax Credit Explained for Businesses

R&D Tax Credits for Johnson City, Tennessee Businesses

Johnson City, Tennessee, is known for industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Ballad Health, a leading healthcare provider; East Tennessee State University, a major educational institution; Nuclear Fuel Services, a significant manufacturing employer; the Johnson City Mall, a key player in the retail sector; and Nuclear Fuel Services, a prominent technology company. The R&D Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements. By reducing tax liability, businesses can reinvest in R&D driving economic growth in Johnson City.

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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 490 miles away from Johnson City and provides R&D tax credit consulting and advisory services to Johnson City and the surrounding areas such as: Kingsport, Knoxville, Bristol, Greeneville and Elizabethton.

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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Johnson City, Tennessee Patent of the Year – 2024/2025

Ballistic Barrier Products Inc. has been awarded the 2024/2025 Patent of the Year for its innovative anti-ballistic barrier system. Their invention, detailed in U.S. Patent No. 12078456, titled ‘Anti-ballistic barrier with extendable retention system’, introduces a flexible, retractable shield designed to protect doors, windows, and other openings from ballistic threats.

This patented system features a lightweight, bullet-resistant fabric made from poly-aramid material, similar to Kevlar, encased in a durable polyester cover. The shield can be deployed manually or with a motorized mechanism, allowing for quick activation in emergencies. When not in use, it retracts neatly, maintaining the aesthetic of the space.

A key innovation lies in its extendable connectors, which secure the shield to surrounding structures. These connectors are designed to stretch under impact, absorbing and dissipating energy from ballistic forces. This flexibility reduces stress on mounting points, enhancing the system’s durability and effectiveness.

The barrier’s design allows for versatile applications, including installations on windows, doors, desks, and walls. Its adaptability makes it suitable for schools, offices, and public buildings seeking to enhance security without compromising design. The system can be customized with various fabrics and finishes to match interior decor, ensuring seamless integration into existing spaces.

Ballistic Barrier Products, Inc.’s invention represents a significant advancement in passive security solutions, offering a practical and unobtrusive method to protect occupants from ballistic threats. Its combination of flexibility, strength, and aesthetic adaptability sets a new standard for safety in architectural design.