National Science Foundation (NSF) Reports a 6.8% Increase in Business R&D in the United States
Oct 28, 2019
NSF breaks down business R&D performance by company size and makes note of high-preforming states, which can provide some interesting insight and is noted below.
R&D Performance by Company Size:
- Companies with 10-249 employees performed 10% of the nation’s business R&D in 2017.
- Companies with 250-24,999 employees performed 53% of the nation’s business R&D in 2017.
- Companies with 25,000+ employees performed 37% of the nation’s business R&D in 2017.
California accounted for 35% of the $339 billion of domestic R&D paid for solely by private companies. While California is the clear leader, NSF reports that other states with large amounts of business R&D paid for by companies’ own funds in 2017 are Washington (6%), Massachusetts (6%), Michigan (6%), Texas (5%), New York (4%), New Jersey (4%), Illinois (4%), and Pennsylvania (3%).
For detailed funding tables, please reference the NSF fact sheet directly.