Hampton R&D Tax Credit Explained for Businesses

R&D Tax Credits for Hampton, Virginia Businesses

Hampton, Virginia, is known for industries such as healthcare, education, military, manufacturing, and technology. Top companies in the city include Sentara CarePlex Hospital, a leading healthcare provider; Hampton University, a major educational institution; NASA Langley Research Center, a significant military employer; Lockheed Martin, a key player in the manufacturing sector; and Ferguson Enterprises, 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 919 East Main Street, Richmond, Virginia is less than 80 miles away from Hampton and provides R&D tax credit consulting and advisory services to Hampton and the surrounding areas such as: Virginia Beach, Chesapeake, Norfolk, Newport News and Suffolk.

If you have any questions or need further assistance, please call or email our local Virginia Partner on (804) 773-3219.
Feel free to book a quick teleconference with one of our Virginia 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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Hampton, Virginia Patent of the Year – 2024/2025

Advanced Aircraft Company has been awarded the 2024/2025 Patent of the Year for its innovation in unmanned aerial vehicle (UAV) design. Their invention, detailed in U.S. Patent No. 12017769, titled ‘Unmanned aerial vehicle including transversely extending support booms’, introduces a novel UAV architecture that enhances vertical takeoff and landing (VTOL) capabilities.

This UAV features a vehicle body with first and second support booms extending transversely from opposing sides. Each boom supports multiple electric motors and rotors, with the motors on the second boom offset transversely from those on the first. This configuration improves stability and control during flight. The design also includes wedge-shaped spacers between the vehicle body and the support booms, allowing for precise angular positioning of the booms relative to the body.

By optimizing the placement and orientation of the support booms and motors, the UAV achieves improved aerodynamic performance and maneuverability. This innovation is particularly beneficial for applications requiring efficient VTOL operations, such as aerial surveying, delivery services, and environmental monitoring.

Advanced Aircraft Company’s development represents a significant advancement in UAV technology, offering a more adaptable and efficient platform for various aerial missions.