Story excerpt provided by Akron Beacon Journal.
Written by Rick Armon.
The University of Akron in Ohio boosted spending on research and development by nearly 150 percent over the last decade — one of the largest increases in the nation over that period.
The National Science Foundation has released data showing that spending at UA rose from $27.9 million in 2004 to $69.6 million in 2013, the latest year available.
Research and development spending is key for an institution because it grows jobs at universities and attracts talented faculty and students. It also sparks innovation, helps create new businesses in a community and serves as a resource for existing industries.
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Originally published March 7, 2015.