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News Release 10-089
New Survey Facilitates Better U.S. Business Competition in Global Economy
U.S companies grossed nearly $11 trillion in worldwide sales and spent $330 billion on R&D in 2008
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Conducted as a full-scale pilot, the Business R&D and Innovation Survey replaces the National Science Foundation's previous industry R&D survey which had been carried out every year since 1953.
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Director of the National Science Foundation Arden Bement and Deputy Director of the U.S. Census Bureau Tom Mesenbourg say preliminary data from the new Business R&D and Innovation Survey show America is keeping pace in the global market place.
Credit: U.S. Census Bureau/National Science Foundation