July 16, 2009

U.S. Chamber Releases Comprehensive Study on the Importance of Intellectual Property in all 50 States

Global Intellectual Property Center Releases State Fact Sheets

WASHINGTON, DC-The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) today released a comprehensive study on the importance of intellectual property (IP) and innovation in America.  GIPC’s State Fact Sheets provide a look at the roles innovation and creativity play in each state, highlighting local companies along with interesting IP facts and figures. Fact sheets for each of the fifty states are located at www.theglobalipcenter.com.

“America has a story to tell, and each story is unique,” said Mark Esper, executive vice president of the Chamber’s GIPC. “The value of innovation can be found in every corner of the country, and every state and community plays a role in helping us all achieve the American dream. The State Fact Sheet project captures this spirit of innovation and entrepreneurism and will prove to be a useful resource in highlighting the role IP plays in our lives.”

The State Fact Sheets project is intended to be a resource for legislators, policymakers, and the public to identify successful American companies, inventors, creative artists, and innovative enterprises in all fifty states, and better understand the role they play in our economy and society. As part of an easy-to-use, interactive map, the project can be accessed online as well as in a printable format.

“From life saving drugs to modern day technologies like the cell phone and GPS system, IP is part of our everyday lives,” said Esper.  “This project shows the importance of IP in each and every state throughout the country – from small companies to large corporations. Innovation and creativity are essential to economic growth and human advancement, and the State Facts project reflects this.”

America’s IP-intensive industries employ nearly 18 million workers.  These innovative sectors account for more than $5 trillion of the U.S. gross domestic product, comprise more than half of all U.S. exports, and represent 40 percent of U.S. economic growth.

The Chamber’s Global Intellectual Property Center is working around the world to champion IP as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges.

The U.S. Chamber is the world’s largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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