Businesses Invested $32.5 Billion in Assets to Support Their R&D Activities in the United States in 2020.

Businesses Invested $32.5 Billion in Assets to Support Their R&D Activities in the United States in 2020

March 17, 2023
In 2020, businesses invested $32.5 billion in assets such as buildings, equipment, and software to support their U.S. research and development activities. Manufacturing companies accounted for $19.7 billion (61%) of these capital expenditures for R&D, while nonmanufacturing companies accounted for the remaining $12.8 billion (39%).

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