APPA-E is meant to support academic research and technology development at private companies that may be too early to attract private dollars.
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The APPA says spending on pets increased more than 5% in 2009.
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Two in three U.S. households own a pet, with 46.3 million owning a dog, according to the American Pet Products Association (APPA).
FORBES: The Bizarre Reason Build-A-Bear Workshop Has Become Popular Among Millennial Women
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