INCREASE IN R & D SPENDING
The United States could be on the cusp of a major resurgence in the funding of research and development, according to the annual forecast by Battelle and R & D Magazine. R & D spending in 1998 is expected to reach more than $215 billion, a 4.66 percent increase over the $206 billion that the National Science Foundation estimates was spent in 1997. The prediction comes after years of stagnation in R & D spending. The increase signals a trend that is expected to last into the next century; "Industry realizes that changes in operations and structure are not the only roads to profitability," said Dr. Jules Duga. "Investment in research and technology is required for long-term survival."

For more information, contact Dr. Jules J. Duga, Battelle, 614-424-6512 or Tim Studt, R & D Magazine, 847-390-2623.