The State Science and Technology Institute, better known as SSTI, recently published this state-by-state report on private sector investment in R&D as a percentage of each state’s private sector gross domestic product (GDP).
How is Tennessee doing? Not well. Why is that important? SSTI notes that “industry investment in research and development indicates, literally, how invested each state’s businesses are in creating new products and processes.”
According to the report, Tennessee reported .7 percent of its GDP attributed to private sector R&D in 2009. By 2018, it had dropped to .47 percent, two-thirds of the percentage 10 years earlier.