Ohio Helps Drive Innovation Economy
Ohio is a leader among states when it comes to contributions to America’s innovation economy, reports the U.S. Chamber of Commerce. The Buckeye State’s polymer manufacturing industry, for instance, contributes $50 billion in annual revenues and employs more than 140,000 people in 2,800 companies across the state.
“In 2007 alone, Ohio innovators received 3,062 patents, ranking 10th in the nation,” said Mark Esper, executive vice president of the U.S. Chamber of Commerce Global Intellectual Property Center. “Additionally, film production in Ohio contributed $500 million in local wages.”
The U.S. Chamber Center’s study is part of its State Fact Sheets, which look at the roles innovation and creativity play in each state. The report highlights local companies and facts demonstrating how innovation and creativity — which are safeguarded by strong intellectual property rights — serve as a driving force behind economic recovery and future growth.