Patent Law Practice Center

IP Creates Jobs in America

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. (more…)