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Scientific Research & Development in the US Industry Market Research Report from IBISWorld has Been Updated
Date:12/11/2012

ontinue to benefit from growing environmental concerns throughout the public and private sector. A significant slice of recent stimulus spending was targeted at renewable energy jobs, highlighting this growing concern. Over the five years to 2017, increasing investment into scientific R&D is forecast to expand industry revenue at a steady rate. Continued interest in R&D from the private sector is also expected to increase investment in the industry moving forward. Nevertheless, the industry will remain largely dependent on funding from the federal government. This dependence is highlighted by the impending sequestration of federal funds (known as the fiscal cliff) that will come into effect in January 2013 if Congress and the President cannot agree on a deficit reduction plan. If the sequestration takes effect, the industry stands to lose tens of thousands of jobs and a dramatic amount of funding. For more information, visit IBISWorld’s Scientific Research & Development in the US industry report page.

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IBISWorld industry Report Key Topics

This industry includes companies and organizations that are involved in physical, engineering or life sciences research and development (R&D). The industry only includes firms whose primary purpose is R&D and excludes players such as pharmaceutical or manufacturing companies that may undertake R&D to support their primary operations. Government entities are also excluded from this industry, although these entities may
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