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72-583: It rises in the mountains west of Corvallis along the county line between Benton and Lincoln counties. It flows south, then generally west, in a highly serpentine course, past Eddyville , Chitwood , Toledo , and Elk City , and enters the Pacific in Yaquina Bay, a broad estuary at Newport. When sea level was lower than today, the Yaquina River reached to Stonewall Bank , which is split by

144-668: A Stein Holding Competition, German Spelling Bee, and College Football on the big screen. The Saint Anne Greek Fest is held annually since 2003, celebrating their 20th Anniversary in 2023. It is typically held in mid-October in the Corvallis metro area unincorporated community of Lewisburg . The Saint Anne Greek Fest is held at the St. Anne Greek Orthodox Church grounds with live traditional Greek music, traditional Greek dances, face-painting, games and traditional Greek food. All

216-411: A female householder with no husband present, and 54.0% were non-families. 33.2% of all households were made up of individuals, and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.22 and the average family size was 2.82. In the city, 14.9% of the population was under the age of 18, 32.4% was from 18 to 24, 22.9% from 25 to 44, 19.3% from 45 to 64, and 10.5%

288-570: A male householder with no spouse present. 40.1% of housing units were owner-occupied. In the city, 13.5% were under the age of 18, and 13.1% were over the age of 65. The median age was 26.4 for males, 29.0 for females, and 27.5 for both sexes. As of the 2010 U.S. Census, there were 54,462 people, 22,283 households, and 10,240 families residing in the city. The population density was 4,004.5 people per square mile (1,546.1 people/km ). There were 23,423 housing units at an average density of 1,722.3 per square mile (665.0/km ). The racial makeup of

360-596: A rocky channel. U.S. Route 20 , the Corvallis–Newport highway, follows the river from Eddyville, at the confluence of the river with Little Elk Creek, to slightly downstream of Chitwood. Near the mouth of Yaquina Bay, the river passes under Yaquina Bay Bridge , which carries U.S. Route 101 . Other bridges over the river include the Chitwood Covered Bridge at Chitwood. The National Oceanic and Atmospheric Administration 's Pacific Marine Center and

432-713: A view of the town. According to the United States Census Bureau , the city has a total area of 14.30 square miles (37.04 km ), of which 14.13 square miles (36.60 km ) are land and 0.17 square miles (0.44 km ) is covered by water. Like the rest of the Willamette Valley , Corvallis lies in the Marine West Coast climate zone, with Mediterranean characteristics. Under the Köppen climate classification scheme, Corvallis has

504-409: A warm-summer Mediterranean climate (Köppen: Csb). Temperatures are mild year round, with warm, dry, sunny summers and mild, wet winters with persistently overcast skies. Spring and fall are also moist seasons with varied cloudiness, and light rain falling for extended periods. Winter snow is rare, but occasionally does fall, and amounts can range between a dusting and a few inches that do not persist on

576-445: A way of amortizing the high overhead. They often reuse advanced manufacturing processes, expensive safety certifications, specialized embedded software, computer-aided design software, electronic designs and mechanical subsystems. Research from 2000 has shown that firms with a persistent R&D strategy outperform those with an irregular or no R&D investment program. Research and development are very difficult to manage, since

648-553: Is a city in and the county seat of Benton County in central western Oregon , United States . It is the principal city of the Corvallis, Oregon Metropolitan Statistical Area , which encompasses all of Benton County. As of the 2023 Census Population Estimates , the population was 61,087, making it the 9th most populous city in Oregon . This does include the 38,000 Oregon State University students attending classes in Corvallis, over 5,250 of which live in one of 16 residence halls on

720-469: Is a new summertime celebration held in late July, in and around Central Park in Corvallis. It celebrates Celtic culture through lively music performances, participatory sessions, spirited dancing, and engaging workshops that showcase Celtic traditions. The 2nd annual Corvallis Celtic Festival will be held July 25–28, 2024. The Benton County Fair & Rodeo was first held in 1859 with it typically held annually since 1913 and has been at its current location at

792-697: Is a part of the Silicon Forest Corvallis is the westernmost city in the contiguous 48 states with a population larger than 50,000. Corvallis is the largest principal city of the Albany-Corvallis-Lebanon CSA , a Combined Statistical Area that includes the Corvallis metropolitan area (Benton County) and the Albany-Lebanon micropolitan area (Linn County), which had a combined population of 229,209 at

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864-602: Is an Annual Arts Party in Central Park and was founded in 1972, with the 50th occurrence in 2022. BlockTober Fest celebrated their 10th Anniversary in 2018 and is typically held annually since 2008 to coincide with Oktoberfest , in downtown Corvallis hosted by local craft brew Block 15 Brewing . The Oktoberfest celebration takes place under the traditional big tent occupying one whole city block by their downtown Block 15 brew pub. The celebrations typically feature live German music, German-inspired beer and food, face painting,

936-660: Is appealing to bidders because they could gain technologies from acquisition targets. Therefore, firms may gain R&;D profit that co-moves with takeover waves, causing risks to the company which engages in R&D activity. Global R&D management is the discipline of designing and leading R&D processes globally, across cultural and lingual settings, and the transfer of knowledge across international corporate networks. Former President Barack Obama requested $ 147.696 billion for research and development in FY 2012, 21% of which

1008-483: Is followed by textiles (19%), digital (18%), and aerospace (15%). Other sectors allocate less than 10% of their total investment to R&D. While 17% of the world’s top R&D investors are based in the European Union, they accounted for only 1% of acquisitions involving EU-based companies between 2013 and 2023. In 2015, research and development constituted an average 2.2% of the global GDP according to

1080-641: Is lower than the EU average of 18%. In 2022, 67% of enterprises in the same region deployed at least one sophisticated digital technology, and 69% EU firms did the same. As of 2023, European enterprises account for 18% of the world's top 2 500 R&D corporations, but just 10% of new entrants, compared to 45% in the United States and 32% in China. As of 2024, the electronics sector leads in R&D investment, with 28% of its total investment dedicated to it. This

1152-404: Is necessary as well due to the fierce competition and the evolving preferences of consumers. Without an R&D program, a firm must rely on strategic alliances , acquisitions , and networks to tap into the innovations of others. A system driven by marketing is one that puts the customer needs first, and produces goods that are known to sell. Market research is carried out, which establishes

1224-479: Is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment . R&D is crucial for acquiring larger shares of the market through new products. R&D&I represents R&D with innovation. New product design and development is often a crucial factor in the survival of a company. In a global industrial landscape that is changing fast, firms must continually revise their design and range of products. This

1296-596: Is remarkable, and usually gains a reputation for being a high technology company such as engineering company Ericsson 24.9%, or biotech company Allergan , which tops the spending table with 43.4% investment. Such companies are often seen as credit risks because their spending ratios are so unusual. Generally such firms prosper only in markets whose customers have extreme high technology needs, like certain prescription drugs or special chemicals, scientific instruments , and safety-critical systems in medicine, aeronautics or military weapons . The extreme needs justify

1368-439: Is the major local employer, is located near the edge of the main downtown area. Other major employers include Samaritan Health Services , SIGA Technologies , Evanite Fiber, ONAMI, and HP Inc. , which has a large printing research and development operation in the northeast area of town. Because of this relative concentration of employment and the need for diversity, the city launched a website to attract creative industry to

1440-446: Is the set of innovative activities undertaken by corporations or governments in developing new services or products. R&D constitutes the first stage of development of a potential new service or the production process. Although R&D activities may differ across businesses, the primary goal of an R&D department is to develop new products and services. R&D differs from the vast majority of corporate activities in that it

1512-464: The Albany-Corvallis-Lebanon CSA , a Combined Statistical Area that includes the Corvallis metropolitan area (Benton County) and the Albany-Lebanon micropolitan area (Linn County), which had a combined population of 229,209 at the 2023 U.S. Census Estimates. As of the 2020 census, there were 59,922 people and 23,952 households in the city. The population density was 4,200.3 people per square mile (1,621.7 people/km ). The racial makeup of

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1584-451: The Europe 2020 strategy which will run from 2014 to 2020, a multidisciplinary effort to provide safe, economically feasible, environmentally sound and socially acceptable solutions along the entire value chain of human activities. Firms that have embraced advanced digital technology devote a greater proportion of their investment efforts to R&D. Firms who engaged in digitisation during

1656-715: The Hatfield Marine Science Center are both along Yaquina Bay. Adjacent to the Hatfield Center is the Oregon Coast Aquarium . The Yaquina Bay Lighthouse , contained within the Yaquina Bay State Recreation Site , is on the coast near the mouth of the river. A large charter fishing fleet operates out of Newport in search of halibut , salmon, and other fish found in the nearby ocean. Species within

1728-707: The Little Yaquina River followed by Splide, Humphrey, Young, Felton, Davis, Randall, Stony, Bryant, and Buttermilk creeks. Then come Bales, Trout, Little Elk, Eddy, Peterson, Hayes, Whitney, Crystal, Cougar, and Thornton creeks. Then Trapp, Simpson, Sloop, Martin, Bear, Little Carlisle, Carlisle, Big Elk, Blair, Abbey, and Mill creeks. Along the lower reaches of the river are Olalla and Depot sloughs; Babcock and Montgomery creeks, and Nute, Boone, Blind, Flesher, Johnson, Poole, McCaffery, Parker, King, and Sallys sloughs. Corvallis, Oregon Corvallis ( / k ɔːr ˈ v æ l ɪ s / kor- VAL -iss )

1800-628: The Office of Chief Scientist In the 1980s to 1992, the Chief scientist of Israel significantly expanded R&D subsidies in the Israeli industrial sector. Israel invested in the creation of clusters of startups in the high-tech sector as well as venture capital investments. In 1993, Israel initiated the Yozma program , which led to the doubling of value of Israel's 10 new venture capital funds in 3 years. In

1872-626: The UNESCO Institute for Statistics . By 2018, research and development constituted an average 1.79% of the global GDP according to the UNESCO Institute for Statistics . Countries agreed in 2015 to monitor their progress in raising research intensity (SDG 9.5.1), as well as researcher density (SDG 9.5.2), as part of their commitment to reaching the Sustainable Development Goals by 2030. However, this undertaking has not spurred an increase in reporting of data. On

1944-544: The poverty line , including 15.2% of those under age 18 and 6.0% of those age 65 or over. In 1903, Franz Edmund Creffield , commonly known as Edmund Creffield ( circa 1870–1906), a German-American religious leader who called himself Joshua, founded a movement in Corvallis which became known locally as the "Holy Rollers". Corvallis lies in the middle of the Unchurched Belt . A 2003 study, released once every 10 years, listed Benton County (of which Corvallis makes up

2016-694: The 'Philomath Buckaroo and Loggers' Frolic'. In 1983 land was donated and an arena was contracted at Skirvin Park, creating what has since been known as the Philomath Frolic & Rodeo. The rodeo attracts over 5,000 spectators each year and has been distinguished as the Northwest Professional Rodeo Association "Rodeo of the Year" eight times (1994, 1995, 2000, 2001, 2005, 2006 and 2007). The Corvallis Celtic Festival

2088-575: The 2023 U.S. Census Estimates. In October 1845, Pennsylvanian Joseph C. Avery arrived in Oregon. Avery took out a land claim at the mouth of Marys River , where it flows into the Willamette River , and in June 1846 took up residence there in a log cabin hastily constructed to hold what seemed a potentially lucrative claim. Avery's primitive 1846 dwelling was the first home within the boundaries of today's city limits and his land claim included

2160-553: The 21st Wine Walk occurring in May 2024. The da Vinci Days Summer Festival is an annual festival held in Corvallis since 1988. The science, technology, and art based festival includes live music, a kinetic sculpture race during the summer event, and lecture series in the spring. The festival is named after Italian inventor, artist, and writer, Leonardo da Vinci . The festival celebrates its 31th anniversary in 2024. The Red White and Blue Riverfront Festival takes place annually on July 4 on

2232-677: The Benton County Fairgrounds in West Corvallis, since 1956. The Benton County Fair & Rodeo celebrated "100 years of Rides, Ribbons & Rodeos" in 2013. The Fair & Rodeo includes carnival games, rides, animals, food, live music and the rodeo. The Benton County Fair is usually scheduled for the first weekend in August. Septembeerfest (September Beer Festival) is held annually since 2007 in September, "amongst

Yaquina River - Misplaced Pages Continue

2304-447: The bay include cabezon , striped perch , rockfish, greenling , salmon, sturgeon , herring , and crabs. The river upstream of the bay supports populations of salmon, steelhead , and cutthroat trout . The river and bay are also fished from the banks in places and from small boats. Boat-launching ramps are available along the lower river and the bay. Named tributaries of the Yaquina River from source to mouth begin with Bailey Creek and

2376-433: The best measures, because they are continuously maintained, public and reflect risk. In the United States, a typical ratio of research and development for an industrial company is about 3.5% of revenues; this measure is called " R&D intensity ". A high technology company, such as a computer manufacturer, might spend 7% or a pharmaceutical companies such as Merck & Co. 14.1% or Novartis 15.1%. Anything over 15%

2448-428: The city was 79.4% White , 10% Asian , 1.4% Black or African American , 0.8% Native American , 0.3% Hawaiian or Pacific Islander , and 6.0% from two or more races. 8.2% of the population were Hispanic or Latino of any race. There were 23,952 households, with an average of 2.24 people per household. 33.8% were married couples living together, 30.7% had a female householder with no spouse present, and 26.6% had

2520-414: The city was 83.8% White , 7.3% Asian , 1.1% Black or African American , 0.7% Native American , 0.3% Hawaiian or Pacific Islander , 2.8% from other races , and 4.0% from two or more races. 7.4% of the population were Hispanic or Latino of any race. There were 22,283 households, of which 20.7% had children under the age of 18 living with them, 35.3% were married couples living together, 7.0% had

2592-492: The coastal range, Corvallis can experience slightly cooler temperatures, particularly in the hills, than the rest of the Willamette Valley. The average annual low temperature is 42 °F or 5.6 °C, 4.2 °F (2.3 °C) less than that of Portland just 85 miles (137 km) to the north. Despite this, temperatures dropping far below freezing are still a rare event. Corvallis is the largest principal city of

2664-553: The context of commerce , "research and development" normally refers to future-oriented, longer-term activities in science or technology , using similar techniques to scientific research but directed toward desired outcomes and with broad forecasts of commercial yield. Statistics on organizations devoted to "R&D" may express the state of an industry , the degree of competition or the lure of progress . Some common measures include: budgets , numbers of patents or on rates of peer-reviewed publications . Bank ratios are one of

2736-411: The defining feature of research is that the researchers do not know in advance exactly how to accomplish the desired result. As a result, "higher R&D spending does not guarantee more creativity, higher profit or a greater market share". Research is the most risky financing area because both the development of an invention and its successful realization carries uncertainty including the profitability of

2808-537: The display. It has been a CorvallisHoliday tradition for over 40 years. The Corvallis Art Guild is almost 80 years old. There are over 30 colorful murals around town, most are within walking distance of each other in downtown Corvallis. Corvallis is home to the Corvallis-OSU Symphony , which celebrated its centennial in 2005. According to the OSU College of Liberal Arts website (as of 2022)

2880-553: The downtown Riverfront Park banks of the Willamette River with food, vendors and a main stage with live bands. The day begins with the "All-American, Everyone-Can-Join, Fabulous, Fantastic 4th of July Parade!" at 9:30 am through Downtown Corvallis and ends at the Commemorative Riverfront Park. The parade began in 1985. At 10pm there is a fireworks display put on by the "Corvallis Jaycees" along

2952-472: The early 1990s. The 2 Town's Harvest Party has been in place annually since 2010 and typically takes place mid to late October, but before Halloween . It is hosted by 2 Town's Ciderhouse , a national leader in alcoholic hard ciders at their main facility. In 2024 they will celebrate their 14th Anniversary. There are typically over 55 Craft beverages on tap, a "pumpkin bar", hot cider bar, cidery tours, photo-booth, raffle, live music and food trucks to celebrate

Yaquina River - Misplaced Pages Continue

3024-552: The establishment of a county seat. Avery's holding lay to the south and Dixon's to the north, with the Benton County Courthouse marking the approximate line of demarcation between these two land parcels. In December 1853 the 5th Oregon Territorial Legislature met in Salem , where a petition was presented seeking to change the name of that city to either "Thurston" or "Valena". At the same time, another petition

3096-415: The fall of that year. His stay proved to be brief yet profitable. In January 1849, Avery returned to Oregon with a small stock of provisions with plans to open a store on his land. During 1849, Avery opened his store at the site, platted the land, and surveyed a town site on his own claim, naming the community Marysville . The early town quickly became a profitable re-supply center/mercantile as one of

3168-420: The ground for more than a day. The northwest hills will often experience more snow. During the midwinter months after extended periods of rain, thick, persistent fogs can form, sometimes lasting the entire day. This can severely reduce visibility to as low as 20 feet (6.1 m). The fog often persists until a new storm system enters the area. This fog could be seen as a type of tule fog . Rainfall totals within

3240-490: The harvest of locally grown apples for their award-winning ciders, with proceeds going towards a local non-profit or charity. In 2023 over 3,400 people attended the annual Harvest Party. The Pastega Christmas Light Display typically takes place just after Thanksgiving and last until just after New Years Day. The Pastega Drive-thru Christmas Light Display began in 1981 at a Pepsi Bottling Plant in North Corvallis. It

3312-445: The high risk of failure and consequently high gross margins from 60% to 90% of revenues. That is, gross profits will be as much as 90% of the sales cost, with manufacturing costing only 10% of the product price, because so many individual projects yield no exploitable product. Most industrial companies get 40% revenues only. On a technical level, high tech organizations explore ways to re-purpose and repackage advanced technologies as

3384-782: The invention. One way entrepreneurs can reduce these uncertainties is to buy the licence for a franchise, so that the know-how is already incorporated in the licence. In general, it has been found that there is a positive correlation between the research and development and firm productivity across all sectors, but that this positive correlation is much stronger in high-tech firms than in low-tech firms. In research done by Francesco Crespi and Cristiano Antonelli, high-tech firms were found to have "virtuous" Matthew effects while low-tech firms experienced "vicious" Matthew effects, meaning that high-tech firms were awarded subsidies on merit while low-tech firms most often were given subsidies based on name recognition, even if not put to good use. While

3456-555: The late 1990s, Israel was second only to the US in private equity as a share of the general economy. The high tech sector in Israel, known as Silicon Wadi , which earned Israel the nickname - Start-up Nation , was ranked the 4th leading startup ecosystem in the world by Startup genome with a value of $ 253billion in 2023. Europe is lagging behind in R&D investments from the past two decades. The target of 3% of gross domestic product (GDP)

3528-555: The leading stop-overs for miners traveling the Willamette River to the California Gold Rush mines. The city was possibly named after early settler Mary Lloyd, but now the name is thought to be derived from French fur trappers' naming of Marys Peak after the Virgin Mary . In the summer of 1851, Joseph Avery and William Dixon each granted back-to-back 40-acre (16 ha) land parcels from their land holdings for

3600-512: The main campus. Corvallis is the location of Oregon State University 420-acre main campus, Samaritan Health Services , a top 10 largest non-profit employer in the state, a 84-acre Good Samaritan Regional Medical Center campus, and a 2.2 million square foot, 197-acre Hewlett Packard research and development campus that invented the Laser jet printer and the Computer mouse . Corvallis

3672-519: The majority of the population) as the least religious county per capita in the United States. Only one in four people indicated that they were affiliated with one of the 149 religious groups the study identified. The study indicated that some of the disparity, however, may be attributed to the popularity of less common religions (ones not included as an option in the study) in the Pacific Northwest. The campus of Oregon State University, which

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3744-550: The money raised by the festival goes to maintain the Lewisburg Grange Hall just north of the Corvallis city limits. The grange has been one of Benton County's most prominent historic landmarks. Built by executives of the O&;C Railroad as a depot in 1911, trains stopped there for just 14 years until it became the grange hall for the unincorporated community of Lewisburg in 1925. The building faced significant peril by

3816-631: The moniker of a town in California , located on the same stagecoach route and that a name change was thus necessary to avoid confusion. A faction within the deeply divided legislature elected to make Corvallis the capital of the Oregon Territory in December 1855. After the 6th Territorial Legislature convened there, the capital was returned to Salem, which would eventually be selected as the permanent seat of state government. Corvallis

3888-409: The needs of consumers and the potential niche market of a new product. If the development is technology driven, R&D is directed toward developing products to meet the unmet needs. In general, research and development activities are conducted by specialized units or centers belonging to a company, or can be out-sourced to a contract research organization, universities , or state agencies. In

3960-478: The pandemic report spending a big portion of their expenditure in 2020 on software, data, IT infrastructure, and website operations. A 2021/2022 survey found that one in every seven enterprises in the Central, Eastern and South Eastern regions (14%) may be classed as active innovators — that is, firms that spent heavily in research and development and developed a new product, process, or service — however this figure

4032-537: The region by branding it with the slogan "Yes Corvallis". The National Clonal Germplasm Repository at Corvallis is a gene bank of the United States Department of Agriculture Agricultural Research Service. The gene bank preserves temperate fruit, nut, and agronomic crops from around the world. Corvallis was ranked number 48 on the 100 best places in the US to live and launch a business by Fortune Small Business 2008. This places Corvallis as

4104-545: The river between Monroe and Jackson Avenues, and construction of the Hotel Corvallis , today known as the Julian Hotel. In addition, a carriage factory was launched in the city and the town's streets were improved, while the size of the city was twice enlarged through annexation. Bonds were issued for a city-owned water works, a sewer system, and for public ownership of the electric plant. A publicity campaign

4176-469: The riverfront. The Philomath Folic & Rodeo celebrated its 60th Anniversary in 2023 and typically takes place in mid-July and is a family-oriented festival and rodeo focused on the traditions the Philomath community was founded, namely American Western heritage and traditions and the history of the logging industry. The Frolic began in 1953, originally called the 'Philomath Western Frolic', then called

4248-777: The second-best place in Oregon to launch a business, after Portland (number 6). Bend (number 87) and Eugene (number 96) were other Oregon localities ranked in the top 100. Previously known as 'Rhapsody in the Vineyard', the annual, sometimes biannual, 'Downtown Corvallis Wine Walk' is hosted by the Corvallis Area Chamber of Commerce and is held in downtown Corvallis since 2012. It pairs local wineries up with, and inside of, downtown local retailers. Attendees get to sample wine and shop local. Anywhere between 15 and nearly 40 wineries and retailers participate annually. It typically takes place in late Spring or early Fall, with

4320-421: The southern section of the contemporary city. Avery was quickly joined by other settlers along the banks of the Willamette River, including a 640-acre (260 ha) claim directly to his north taken in September 1846 by William F. Dixon. The discovery of gold in California in 1848 temporarily stalled the township development. Like many of his neighbors, Avery left his Oregon home to try his hand at gold mining in

4392-490: The strength of the correlation between R&D spending and productivity in low-tech industries is less than in high-tech industries, studies have been done showing non-trivial carryover effects to other parts of the marketplace by low-tech R&D. Business R&D is risky for at least two reasons. The first source of risks comes from R&D nature, where R&D project could fail without residual values. The second source of risks comes from takeover risks, which means R&D

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4464-558: The symphony is the oldest continuously operating orchestra in the state of Oregon. Other musical organizations include: Along with these the "Corvallis Environmental Center" offers the "SAGE Live Music Concert Series" every summer at Bruce Starker Arts Park in Southwest Corvallis. In the Corvallis metro area Philomath also host a "Music in the Park" summer concert series held at City Park. Research and development Research and development ( R&D or R+D )

4536-517: The town itself are surprisingly variable, due to Corvallis lying right on the eastern edge of the Oregon Coast Range , with a small portion of the town inside of the range. Rainfall amounts can range from an average of 66.40 inches (1,687 mm) per year in the far northwest hills, compared to 43.66 inches (1,109 mm) per year at Oregon State University , which is located in the center of Corvallis. Because of its close proximity to

4608-540: The trees" in Avery Park in Corvallis. Septembeerfest is a family and pet friendly fun-filled community celebration of the local homebrewers and dozens of local breweries from the craft beer industry as well as a successful fundraiser for the "'Heart of the Valley Homebrewers"' , a non-profit organization. The 17th annual Corvallis Septembeerfest will be held September 7, 2024. The Corvallis Fall Festival

4680-419: Was 65 years of age or older. The median age was 26.4 years. For every 100 males there were 98.7 females. As of the 2000 U.S. Census the median income for a household in the city was $ 35,437, and the median income for a family was $ 53,208. Males had a median income of $ 40,770 versus $ 29,390 for females. The per capita income for the city was $ 19,317. About 9.7% of families and 20.6% of the population were below

4752-477: Was destined to fund basic research. According to National Science Foundation in U.S., in 2015, R&D expenditures performed by federal government and local governments are 54 and 0.6 billions of dollars. The federal research and development budget for fiscal year 2020 was $ 156 billion, 41.4% of which was for the Department of Defense ( DOD ). DOD's total research, development, test, and evaluation budget

4824-412: Was hosted there for 31 years, until 2013 when the display was moved across town to the Benton County Fairgrounds. The Display features over 200 figures and mechanized scenes. The radiant display of festive lights and mechanized decorations transforms the area into a holiday wonderland enjoyed by thousands. Between 400 and 700 cars visit the display each day it's open. In 2022 over 30,000 people drove through

4896-404: Was incorporated as a city on January 29, 1857. Corvallis had a three-year boom beginning in 1889, which began with the establishment of a privately owned electrical plant by L.L. Hurd. A flurry of publicity and public and private investment followed, including construction of a grand county courthouse, planning and first construction of a new street railway, construction of a new flour mill along

4968-409: Was launched to attempt to expand the tax base through new construction for new arrivals. This effort proved mostly unsuccessful, however, and in 1892, normality returned, with the city saddled with about $ 150,000 in bonded debt. Corvallis is at river mile 131–32 of the Willamette River . Corvallis is bordered on the northwest by the foothills of the Oregon Coast Range , with Bald Hill providing

5040-528: Was meant to be reached by 2020, but the current amount is below this target. This also causes a digital divide among countries since only a few EU Member States have R&D spending. Research and innovation in Europe are financially supported by the programme Horizon 2020 , which is open to participation worldwide. A notable example is the European environmental research and innovation policy , based on

5112-484: Was presented seeking to change the name of Salem to "Corvallis", from the Latin meaning "heart of the valley", while a third resolution was presented to the upper house seeking to change the name of Marysville to Corvallis. A heated debate followed, with the name ultimately awarded to Corvallis in an act passed on December 20 of that same year. By way of rationale, the name "Marysville" was successfully argued to duplicate

5184-508: Was roughly $ 108.5 billion. Israel is the world leader in spending on R&D as a percentage of GDP as of 2022, spending 6.02%. According to CSIS, During the 1970s and 1980s Israel initially built up Israel's research infrastructure through various programs, often in the defence industry. In 1984, a law for Encouragement of Research and Development in Industry encouraged the commercial sector to invest in R&D in Israel as well as empowered

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