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While Federal R&D Shrinks, Business R&D is Booming

Summary by Information Technology and Innovation Foundation
As federal R&D spending stalls, U.S. businesses are increasingly driving innovation and economic growth through higher private R&D investment, making it essential for policymakers to boost incentives by doubling the R&D tax credit.
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Information Technology and Innovation FoundationInformation Technology and Innovation Foundation

While Federal R&D Shrinks, Business R&D is Booming

As federal R&D spending stalls, U.S. businesses are increasingly driving innovation and economic growth through higher private R&D investment, making it essential for policymakers to boost incentives by doubling the R&D tax credit.

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Information Technology and Innovation Foundation broke the news in on Friday, August 1, 2025.
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