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NSF: Universities report highest-ever R&D spending in FY11

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University spending on research and development in all fields continued to increase between FY 2010 and FY 2011, rising 6.3% from $61.2 billion to $65.1 billion, according to FY 2011 data from the National Science Foundation's Higher Education Research and Development (HERD) Survey, released this week by the federal agency.

When adjusted for inflation, higher education R&D rose by 4.3% in FY 2011.

The NSF says that funding from the American Recovery and Reinvestment Act of 2009 (ARRA) was responsible for much of the increase, with ARRA-funded expenditures totaling $4.2 billion in FY 2011. ARRA funding represented 10.2% of the federally funded R&D expenditures for FY 2011. Including ARRA funding, the total federal funding for higher education R&D rose to $40.8 billion in FY 2011, or 62.6% of the $65.1 billion total.

Expenditures funded by state and local government, business, and other sources were virtually unchanged.

You can find the entire report by clicking here.

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