U.S. Businesses Invest $ 55 Billion in R & D Directed at New Business Areas and New Product Lines

In 2017, U.S. businesses invested $ 55 billion in research and development directed at new business areas and new product lines, or 11.6 % of their worldwide R&D expenses. NCSES first collected this data in 2008 when businesses reported $ 40 billion in such investments, accounting for 12.2 % of businesses ' total worldwide R&D expense. In the years following the 2008 onset of the Great Recession, businesses reported about $ 25 billion in R&D investments directed at new businesses and new products, less than 8 % of their total worldwide R&D expenses.
Source: NSF - Statistics on U.S. Science and Engineering Resources - Category: Statistics Source Type: news