Johns Hopkins University spent a record $3.11 billion on research and development in 2020, outspending all U.S. universities for the 42nd consecutive year.
The university spent nearly twice as much as the next highest-spending institution, the University of Michigan – which spent $1.674 billion – according to a report by the National Science Foundation.
Despite mandatory closures and a pause in research activity due to COVID, total spending for research and development at U.S. universities rose by 3.3% in 2020 – the most recent year that nationwide data is available.
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