Issue Date: September 25, 2017
U.S. business spending on R&D was up in 2015
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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