R&D tax credits can help New Jersey manufacturers recapture costs and improve their cash flow. NJMEP has helped NJ manufacturers realize the benefits:
$385,000 Tax Credit: Injection Molder
Manufacturer developed product configurations and corresponding mold designs that would allow both reductions in the amount of plastic used per unit and the production of multiple units per molding cycle.
$120,000 Tax Credit: Hair Care Products
Company developed and manufactured various hair products which include permanent wave preparations, relaxers, texturizers, colorants, developers, color removers and approximately 100 different formulations of powdered hair bleach.
$90,000 Tax Credit: Rubber Manufacturer
Organization developed a new composite material that would be substantially less permeable and 50% stronger than an existing material. The new fabric offered superior weather ability and enhanced water shedding characteristics.
$50,000: Medical Device Manufacturer
Manufacturer initiated R&D activities when they began development of a miniature, single-use optical device.
To schedule a free evaluation for R&D tax credits, e-mail email@example.com, call 973-998-9801, or fill out the form below.