Search
Menu
CASTECH INC - New Building the Bridge of Light

US Industry Drives Growth in R&D Spending

Facebook X LinkedIn Email
WASHINGTON, DC, June 16 -- US research and development spending reached an estimated $220.6 billion in 1998, according to a report from the National Science Foundation, with industry, not government, leading the way. Adjusted for inflation, this represents an increase of 5.3 percent over the estimated $205.6 billion spent on R&D in 1997. Industry has provided the largest share of financial support for R&D in the US since 1980, said Steven Payson, author of the report.
Industry--including industry-administered federally funded research and development centers--is expected to conduct 75.1 percent of the nation's total R&D in 1998. 85 percent of the funding for this R&D will come from industry itself; federal funding will account for the remaining 15 percent (down from an all-time high of 32 percent in 1987).
Gentec Electro-Optics Inc   - Measure Your Laser MR

Published: June 1999
News & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.