State Government Agencies’ Expenditures for R&D Totaled $2.6 Billion in FY 2022, an Increase of 5% from FY 2021.

State Government Agencies’ Expenditures for R&D Totaled $2.6 Billion in FY 2022, an Increase of 5% from FY 2021

November 27, 2023
State government agencies’ expenditures for research and experimental development (R&D) and R&D plant totaled $2.676 billion in FY 2022; R&D plant accounted for just $32 million of this total, while R&D expenditures accounted for the remaining $2.644 billion (98.8%).

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