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

Businesses spent a total of $375 billion on research and development (R&D) performance in the United States in 2016, an increase of 5.3 percent from 2015. Funding from companies' own sources was $318 billion in 2016, an increase of 7 percent from 2015. Funding from other sources was $57 billion in 2016 and $59 billion in 2015.
Of the $375 billion companies spent on R&D in 2016, $25 billion (7 percent) was spent on basic research, $61 billion (16 percent) on applied research, ... More at https://www.nsf.gov/news/news_summ.jsp?cntn_id=296760&WT.mc_id=USNSF_51&WT.mc_ev=click
This is an NSF News item.

Source: NSF News - October 12, 2018 Category: Science Source Type: news