Thursday, November 7, 2013

States up R&D spending

A National Science Foundation study shows state government expenditures for research and development hit $1.4 billion in fiscal year 2011, up 11 percent from the previous year. Individual state government expenditures varied widely, with New York, Ohio, Florida, California and Pennsylvania accounting for 51 percent of all state government R&D. For states along the Gulf Coast, Florida spent $150.8 million, Texas spent $47.4 million, Alabama $19.7 million, Louisiana $9.2 million and Mississippi $7.4 million. (Source: GCAC, 11/07/13) Study