Local-level R&D is Driving Growth in Communities from Coast to Coast
BY:
Jennifer Alten
In the United States, research and development is a huge economic driver at the federal, state and local level. According to a recent report from the Battelle Institute, the U.S. was expected to spend approximately $405.3 billion in R&D in 2011, about 2.4 percent over what it spent in 2010. The U.S. accounts for about one-third of all global R&D spending, which was forecast to reach $1.2 trillion in 2011. Throughout the country, this R&D is making a huge impact on economic development, spurring the growth of businesses ranging from high-tech startups to corporations to family farms. more....