Research and development funding for businesses was virtually unchanged between 2009 and 2010

Posted By News On June 7, 2013 - 4:30pm
Research and development funding for businesses was virtually unchanged between 2009 and 2010

The National Science Foundation (NSF) recently released a report detailing that the amount companies spent on U.S. research and development (R&D) during 2010 was essentially unchanged from the amount spent in 2009.

In 2009, businesses spent $282 billion on R&D performed in the United States, compared with $279 billion in 2010. Of the $279 billion, the U.S. federal government provided $34 billion of funding for company-performed domestic R&D.

Data for this InfoBrief are from the Business R&D and Innovation Survey, developed and cosponsored by the National Science Foundation and the Census Bureau.

(Photo Credit: Thinkstock)

In 2010, businesses in manufacturing industries performed $197 billion of domestic R&D; those in nonmanufacturing industries performed $82 billion.