According to a recent study published by the National Science Foundation (NSF), state government agency expenditures for research and development (R&D) totaled $1.4 billion in fiscal year (FY) 2011, an 11 percent increase over the $1.3 billion reported in FY 2010.
In addition, expenditures for R&D construction projects, major building renovations and land and building acquisitions intended primarily for R&D use totaled $109 million in FY 2011, a 2 percent increase over the $107 million reported in FY 2010 for the same projects.