The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

Study rates intellectual property value by state

May 27, 2012

By U.S. Chamber of Commerce

U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) released a first-of-its-kind study breaking out the economic benefits of intellectual property (IP) on a state-by-state level.

By measuring R&D spending, the number of scientists and engineers, and the amount of patents, trademarks, and copyrights produced, the study, IP Creates Jobs for America, found that “intellectual property’s economic contributions are evident across all states, large and small,” said GIPC executive vice president, Mark Elliot.

In total, the study found that IP-intensive industries power 55.7 million direct and indirect jobs, over $5 trillion in national GDP, and 74 % of total exports.

Diving into individual state data, you’ll find nuggets like the fact that in my home state, Wisconsin, IP supports 1.49 million jobs. It’s a little less in Virginia, my current state of residence, where IP supports 1.36 million jobs. And that’s with Virginia having two million more people.

The top five states with the most IP-supported jobs are:
1.California — 7.4 million
2.Texas — 4.6 million
3.Illinois — 2.83 million
4.New York — 2.78 million
5.Ohio — 2.69 million

Go to, poke around the map, checkout the fact sheets for your state, and you’ll see how important a role IP plays in a state’s economy and the need to adequately protect IP rights.

Print This Post Print This Post    Email This Post Email This Post

Discuss this article

no comments yet

Leave a Reply

Your email address will not be published. Required fields are marked *

Please answer the following question to confirm that you are a real person: *

Top Business News


Top Natural Resource News


Top Faith News


Copyright © 2019, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

--> --> -->