Report: R&D funding for businesses was virtually unchanged 2009-2010
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.
In 2010, businesses in manufacturing industries performed $197 billion of domestic R&D; those in nonmanufacturing industries performed $82 billion.
Source: National Science Foundation