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Feds Reduce R&D Work
- Article from:
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Manufacturing Engineering
- Article date:
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June 1, 2008
- Author:
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Copyright informationCopyright Society of Manufacturing Engineers Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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The federal government is reducing its investment in research and development, according to the National Science Foundation's Science Resource Statistics (SRS) division. In 2007, federal investment in R&D slipped to $116.4 billion, down from $117 billion in 2006. Adjusted for inflation, the 2007 amount is nearly a 3% decrease from the previous year.
Our government continues to spend more on "development" than on "research." In the research category, federal support has dropped every year since 2004, when accounting for inflation. In 2004, the federal government spent $50 billion on research. By 2007, that investment had fallen by $3.5 billion to $46.6 billion, a drop of 7.2%.
The ...
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