Roanoke R&D Tax Credit Explained for Businesses

R&D Tax Credits for Roanoke, Virginia Businesses

Roanoke, Virginia, thrives in industries such as healthcare, education, manufacturing, retail, and technology. Top companies in the city include Carilion Clinic, a leading healthcare provider; Virginia Tech Carilion School of Medicine, a major educational institution; Norfolk Southern Corporation, a significant manufacturing employer; the Valley View Mall, a key player in the retail sector; and Delta Dental, a prominent technology company. The R&D Tax Credit can provide tax savings for these industries by incentivizing 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 190 miles away from Roanoke and provides R&D tax credit consulting and advisory services to Roanoke and the surrounding areas such as: Lynchburg, Blacksburg, Danville, Christiansburg and Salem.

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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Roanoke, Virginia Patent of the Year – 2024/2025

Genesis Rail Services II LLC has been awarded the 2024/2025 Patent of the Year for its innovation in railroad maintenance technology. Their invention, detailed in U.S. Patent Application No. 20240384478, titled ‘System and method for placement of railroad tie plate’, introduces an automated system designed to enhance the efficiency and safety of tie plate placement on railway tracks.

The system features a tie plate distribution mechanism with a sloped surface equipped with strategically placed diverters. These diverters rotate tie plates into the correct orientation as they move along the slope, ensuring consistent placement. A tie plate ejector at the end of the slope then deposits the properly oriented plates onto the track bed. This automation minimizes manual handling, reducing labor costs and the risk of injury.

Mounted on a rail vehicle, the system includes vertically oriented tie plate magazines that feed into sloped surfaces beneath the vehicle. This design allows for continuous operation without interrupting rail traffic. The system’s ability to handle tie plates of varying orientations and stack configurations further enhances its versatility in the field.

Genesis Rail Services II LLC’s development represents a significant advancement in railway maintenance, offering a solution that improves both operational efficiency and worker safety in tie plate installation processes.