November 18, 2016

“A Recent Study Shows Intellectual Property Supports 30 Percent of Jobs in the US Economy,” BPI, November 18, 2016

Patents, trademarks, and copyrights are the primary mechanism for establishing ownership rights to the creations, inventions, and brands that generate tangible economic benefits to their owner. Intellectual property protection helps commerce in the US economy by providing incentives to invent and create by protecting innovators from unauthorized copying. IP also supports entrepreneurial liquidity through mergers, acquisitions, and IPOs and enables a more efficient market for trading in technology and know-how.

A recent report from the Department of Commerce shows that the value added by IP-intensive industries within the United States increased substantially between 2010 and 2014. These industries accounted for a $6.6 trillion added economic value in 2014. While IP is used in every segment of the economy, there are 81 industries that use patent, copyright, or trademark protections extensively that represent a source of about 30 percent of all US jobs.

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