Businesses investing in new or improved product or process of development can qualify. Technical endeavors to cut cost and remain competitive in the market place may also qualify for the credit. The criteria are not exclusive to any specific type of industry, in fact, research and development takes place in a broad range of industries; common industries are outlined below.

 

COMMON INDUSTRIES THAT QUALIFY:

APPAREL
AGRICULTURAL
AUTOMOTIVE
BIOTECHNOLOGY
CHEMICALS
COSMETICS
ELECTRONICS
ENERGY
ENGINEERING
FOOD & CONSUMER
PACKAGED GOODS
HIGH TECH
LIFE SCIENCES
MANUFACTURING
MEDICAL DEVICES & EQUIPMENT
PHARMACEUTICALS
SOFTWARE
SEMI-CONDUCTOR
TELECOMMUNICATIONS
UTILITIES
WASTE MANAGEMENT