Renton R&D Tax Credit Overview for Businesses

R&D Tax Credits for Renton, Washington Businesses

Renton, Washington, is home to industries such as aerospace, healthcare, technology, and manufacturing. Top companies in the city include Boeing, a leading aerospace manufacturer; Valley Medical Center, a prominent healthcare provider; IKEA, a major retail and manufacturing company; PACCAR, a key manufacturer; and Wizards of the Coast, a well-known gaming company. The R&D tax credit can help these businesses save on taxes by encouraging innovation and technological advancements. By reducing tax liability, companies can reinvest savings into further R&D enhancing business performance and competitiveness.

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 Columbia Tower, 701 5th Ave, Seattle, Washington is less than 15 miles away from Renton and provides R&D tax credit consulting and advisory services to Renton and the surrounding areas such as: Seattle, Bellevue, Kent, Federal Way and Kirkland.

If you have any questions or need further assistance, please call or email our local Washington Partner on (206) 558-3300.
Feel free to book a quick teleconference with one of our Washington 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

Renton, Washington Patent of the Year – 2024/2025

Radian Aerospace Inc. has been awarded the 2024/2025 Patent of the Year for innovation in spaceflight propulsion. Their invention, detailed in U.S. Patent No. 11920543, titled ‘Rocket propulsion systems and associated methods’, introduces a next-generation engine design aimed at revolutionizing reusable space vehicles.

This breakthrough system enhances efficiency, reduces turnaround time, and supports rapid reuse of launch vehicles. By integrating streamlined engine components with simplified operational methods, the design allows for smoother transitions between different stages of flight. The innovation boosts performance while minimizing wear, making frequent flights more practical and cost-effective.

Unlike conventional rocket systems, Radian’s approach focuses on horizontal takeoff and landing. This unique architecture demands propulsion solutions that balance thrust, control, and reusability. The patented system helps meet those needs by supporting precise, responsive flight control and reducing dependence on complex ground infrastructure.

Radian Aerospace Inc. is developing a fully reusable spaceplane capable of taking off from runways and reaching orbit in a single stage. This patent marks a critical step toward realizing that vision. As the race for lower-cost space access accelerates, innovations like this could shift the industry toward faster, safer, and more sustainable missions. With this award-winning design, Radian brings the future of spaceflight a step closer to reality.