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Research and Development Spending Rises Amid Recession
In Chicago, industry maintains R&D budgets despite recession, with 80 percent of spend driven by 200 firms. International Harvester leads a new $80 million science lab and plans six more facilities, signaling a multi hundred million dollar commitment. Frank Press, IH and others emphasize R&D as inflation combat. Archieb McCardell calls for innovation to attract top scientists and foster new products and processes.
MENTIONED IN THIS ARTICLE
Jonathan Harsch
Christian Science Monitor
Chicago
U.S
E. Patrick McGuire
Business Government
Conference Board
New York
The
National Association of
International Harvester
Carter
Frank Press
United States
West Germany
Japan
Press
America
Tinsley
Archie McCardell
McCardell
Warren
Mich
Owens Corning Fiberglas
Lonn Frye
Metz
Train & Youngren
International Harvester Center
Frye