U.S. business spending on R&D was up in 2015 | September 25, 2017 Issue - Vol. 95 Issue 38 | Chemical & Engineering News
Volume 95 Issue 38 | p. 15 | Concentrates
Issue Date: September 25, 2017

U.S. business spending on R&D was up in 2015

Department: Government & Policy
Keywords: Research funding, U.S., business

Companies spent $356 billion on research and development in the U.S. in 2015, up more than 4% from the year before, according to the National Science Foundation. Development accounted for 78% of that spending, followed by applied and basic research. Chemical manufacturing companies, including the pharmaceutical industry, spent over $68 billion in 2015.

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