National Science Board Concerned About U.S. Innovation Capacity
"Our nation's economic growth depends on our capacity to educate, innovate and build," says a new report released today by the National Science Board, the governing body of the National Science Foundation. But between 2008 and 2009, in the midst of the most recent recession, American businesses cut funding for research and development by nearly five percent, or $12 billion. The science board said these cuts coupled with government budget constraints at all levels are reasons for concern.