The impact of Intellectual Property on the American job market was established only a few months ago with the U.S. Department of Commerce’s report, “Intellectual Property and the U.S. Economy: Industries in Focus”. The ultimate conclusion of the report reiterated the underlying public policy of USPTO Director David Kappos, that innovation is the key to economic growth within the United States.
Now the U.S. Chamber of Commerce’s Global Intellectual Property Center released a report titled, “IP Creates Jobs in America,” breaking down the state by state impact Intellectual Property industries have on state economies. Released on May 23, 2012, the report provides statistics demonstrating how IP contributes to each state’s economy, including data on jobs, output, wages, and exports.
According to the U.S. Chamber of Commerce’s press release for the report,
IP Creates Jobs for America measures IP-intensive companies by inputs such as research and development (R&D) expenditures, the number of scientist and engineer (S&E) personnel, and by outputs such as patents, trademarks, and copyrights across all 50 states and the District of Columbia. The study finds that IP-intensive industries account for 55.7 million direct and indirect jobs, over $5 trillion in national gross domestic product, and 74 % of total U.S. exports. The IP Creates Jobs for America project is intended to be a resource for legislators, policymakers, and the public to better understand the vital role innovative and creative industries play in our broader economic well-being. An interactive map with fact sheets for each of the 50 states and the District of Columbia are located at: www.IPCreatesJobs.com.
The Global Intellectual Property Center’s website for the report provides an interactive map of the United States, allowing users to click on any of the 50 states to find that state’s specific data. California is listed as the state with the most IP-intensive industries providing 7.5 million jobs and an output of $922.8 billion. Texas came in second with 4.6 million jobs attributable to IP-intensive industries, and Illinois came in at third at 2.8 million IP related jobs.
The IP Creates Jobs site also provides a down-loadable Fact Sheet PDF that further breaks down the statistical information. For example, the New York Fact Sheet reports that Intellectual Property supports 2.78 million jobs in New York; $69,581 wages paid to an IP job creates a total of $141,043 wages in New York state. In New York, IP-intensive companies also pay 30% higher than non-IP companies.