Advanced Materials & Processes, April 1st, 2004
Total research and development expenditures in the United States are expected to increase by about 2.5% from the $283.8 billion spent in 2003 to nearly $291 billion in 2004, according to the Battelle/R & D Magazine annual funding forecast.
Government funding of scientific R & D will increase the most, while industrial support will rise only slightly in 2004. Based on data supplied by the National Science Foundation, the forecast predicts the following:
Federal spending will rise to $89.4 billion, an increase of 4.8%. Industrial spending will rise less than a percentage point, at 0.85%, for...
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