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Forecasting 2000 R&D Spending
December 31, 1969 |Estimated reading time: Less than a minute
COLUMBUS, Ohio - Total research and development (R&D) expenditures in the United States are expected to increase to more than $266 billion in 2000, according to the annual Battelle/R&D Magazine forecast. That total is almost 8 percent more than the $247 billion estimated to have been spent in 1999.
The forecast`s major funding predictions for 2000 are:
Federal spending will see very little change. It is estimated that the federal government will spend $66.4 billion on R&D in 2000, only slightly more than the $65.9 billion spent in 1999.
Industry will increase its R&D commitments, spending $187 billion in 2000, an increase of more than 10 percent over the $169 billion spent last year.
The remainder of R&D support - more than $12.6 billion - will be provided by universities and other nonprofit organizations. This represents a more than 6 percent increase over 1999 funding.
According to the report, the continued growth of R&D funding is largely the result of industry`s growing realization that structural and operational changes are not the only road to profitability. Continued investment in research, and especially in development, will be required for long-term survival.
For more information, contact Jules Duga at (614) 424-6512.