Industry Analysis & Industry Trends
Increased funding from the government, corporations and academia have benefited the industry over the past five years. While still overwhelmingly funded by public sources, a shift toward private funding is slowly changing the focus of industry research. Over the next five years, the industry will continue to benefit from growing environmental concerns throughout the public and private sector. Nonetheless, a new bipartisan budget agreement that puts an emphasis on new R&D spending is essential to the industry's future growth prospects... purchase to read more
Industry Report - Industry Locations Chapter
Factors affecting establishment location include federal and state funding, tax laws, proximity to large private enterprises and proximity to subject of research (e.g. farms for agricultural studies and oceans for oceanographic studies). Many large companies in the industry operate several locations due to the technical expertise that each location can provide. For instance, laboratories and supercomputers, medical testing and weapons development may all be located at different places in the United States (and even the world).
On a per capita basis, there are disproportionately more establishments located in the West, Southeast and the Mid-Atlantic regions. In particular, the West has 25.8% of industry establishments, while only accounting for 17.1% of the US population... purchase to read more