Value of Grants Per $1 Million of Gross Domestic Product
The value of SBIR grants per $1 million of GDP increased substantially through 2004 nationally, but has been lower since then. The 2013 value was 34 percent less than the peak. Arizona’s figure has varied from above to below the national average; it was 13 percent lower in 2013. The value of STTR grants relative to GDP increased through 2010 nationally; the 2013 value was 40 percent lower. Arizona’s figure has varied from lower to higher than the national average; it was 8 percent higher in 2013.