February 1999

Trends and Resources

HP Impact: HPImpact: R&D spending gains expected for 1999

Total expenditures in research and development (R&D) in the U.S. are expected to increase to nearly $236 billion in 1999. This is a jump of 7% over the estimated $221 billion spent in 1998. "Barrin..

Weirauch, Wendy, Hydrocarbon Processing Staff

Total expenditures in research and development (R&D) in the U.S. are expected to increase to nearly $236 billion in 1999. This is a jump of 7% over the estimated $221 billion spent in 1998. "Barring any major economic downturns, the increase in 1999 will be part of a trend that will continue into the 21st century," according to research from Battelle, Columbus, Ohio. What fuels this upward cycle? Contributing factors are a strong economy, federal budget surplus and significant interest in breakthrough innovations for commercial products. Other major predictions for 1999: Industry, which continues to dominate the amount and growth of R&D spending, will increase

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