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R&D Spending Is on the Rise

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US companies invested heavily in research and development from 1995 to 1997, according to a National Science Foundation (website) survey. The rate of R&D expenditures even outpaced the US economy as a whole. The foundation predicted that total R&D spending for 1997 will reach $205.7 billion. The projection represents a 6.5 percent increase over the $193.2 billion spent in 1996. Since 1994, R&D spending has jumped each year. The $193.2 billion for 1996 represents a 5.6 percent increase in R&D over 1995. The 1995 figure marked a leap of 8.6 percent over 1994. While industry...Read full article

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