Public Release: 20-Sep-2013
NSF report details increase in business research and development
According to a recent study published by the National Science Foundation (NSF), businesses spent more on research and development in 2011 than they did in 2010. Companies spent $294 billion on R&D performed in the United States during 2011, compared with $279 billion during 2010. Data are from the Business and R&D and Innovation Survey, which is co-sponsored by NSF and the U.S. Census Bureau.