Recently a local CEO received a substantial refund check from the IRS for a research and development credit just because his firm developed a new process that made the company more productive. The firm does not wish to release its name or the size of the check (it was quite substantial), but we can say this much—the company is not a whiz-bang high-tech firm, or a place populated by people wearing white lab coats, or even a fancy cutting-edge research facility—it's a good solid company that's an innovator in its industry.

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