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....
Trade & Industry Development Magazine
With the New Year upon us, we decided to take a “cup half-full” approach in this issue of T&ID. Andrew Shapiro’s examination of the Bio Sciences industry showcases successful site selection strategies, while Jennifer Alten explores regions in R&D that are flourishing. And Didi Caldwell and John Sisson ring in the New Year with some resolutions designed more effectively manage siting decisions.
Amidst this backdrop of optimism and inspiration, we take a closer look at the catastrophic tornado events that happened this past spring. As Juli Anne Patty discovers, Joplin, Missouri and Tuscaloosa, Alabama give real meaning to the term recovery. The resiliency and resolve of these communities to re-build and continue to foster new industry should give hope for us all that recovery isn’t just a word, but an attainable goal that happens over time with dedication and diligence.