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News Release 18-093

Businesses spent $375 billion on R&D performance in US in 2016

R&D spending increased 5.3 percent from 2015

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A scientist holds an electronic circuit with a set of tweezers.

Businesses spent a total of $375 billion on research and development performance in the United States in 2016, an increase of 5.3 percent from 2015.

Credit: vchal/