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Blog Category: Denver

Acting Secretary Blank Travels to Denver to Highlight Innovation and Newly-Announced Patent and Trademark Office

Blank was joined by Mayor Mayor Hancock and University of Colorado-Denver Chancellor Donald Don M. Elliman

Acting U.S. Commerce Secretary Rebecca Blank was in Denver, Colo. today to discuss ways to support innovation and create jobs, particularly through the protection of intellectual property. In the morning, Blank attended a breakfast hosted by the Colorado Innovation Network, where she spoke with local business leaders. She listened to their ideas and suggestions for how Commerce can better support them in their efforts to create jobs by encouraging innovation.

Later this morning, the Acting Secretary delivered remarks and participated in a panel discussion on the key role that the patent system plays in strengthening the local economy and driving U.S. competitiveness at the University of Colorado-Denver Anschutz Medical Campus. Also joining the panel were: Denver Mayor Michael Hancock; Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office (USPTO) David Kappos; University of Colorado-Denver Chancellor Donald Don M. Elliman Jr.; Robb Walt, co-founder of the Community Power Corporation; and Ali Ansary, co-founder of SeventyK. During the discussion, Blank noted some of the ways the Department of Commerce is supporting and fostering American innovation.

Dallas, Denver and San Jose Join Detroit as Regional U.S. Patent Offices

United States Patent and Trademark Office Seal

Acting U.S. Commerce Secretary Rebecca Blank and Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office (USPTO) David Kappos today announced plans to open regional USPTO offices in or around Dallas, Texas, Denver, Colorado, and Silicon Valley, California. These offices are in addition to the already-announced first USPTO satellite office to open on July 13 in Detroit, Michigan. The four offices will function as hubs of innovation and creativity, helping protect and foster American innovation in the global marketplace, helping businesses cut through red tape, and creating new economic opportunities in each of the local communities.

The offices announced today will help the USPTO attract talented IP experts throughout the country who will work closely with entrepreneurs to process patent applications, reduce the backlog of unexamined patents, and speed up the overall process, allowing businesses to move their innovation to market more quickly, and giving them more room to create new jobs.

Patents are a significant factor in private sector job creation. In fact, the U.S. Commerce Department issued a recent report finding that IP-intensive industries are the source – directly or indirectly – of 40 million jobs, contributing $5.06 trillion to the U.S. economy in 2010.

Selection of the four sites was based upon a comprehensive analysis (PDF) of criteria including geographical diversity, regional economic impact, ability to recruit and retain employees, and the ability to engage the intellectual property community. The Leahy-Smith America Invents Act of 2011 (AIA), signed into law by President Obama in September, requires the USPTO to establish regional satellite locations as part of a larger effort to modernize the U.S. patent system over the next three years.

“Intellectual property protection and innovation are engines of economic growth and the bedrock of America’s private sector,” said Acting U.S. Commerce Secretary Rebecca Blank. “The Obama administration is committed to making certain our businesses and entrepreneurs have the resources they need to grow, create jobs and compete globally. These new offices are an historic step toward further advancing our world’s best IP system, and reinforcing the United States as the number one destination for innovation capital, and research and development around the world.”

Acting U.S. Commerce Secretary Rebecca Blank Visits University of Colorado Anschutz Medical Campus to Highlight the American Jobs Act

Acting Secretary Blank watches researchers at the University of Colorado Anschutz Medical Campus demonstrate some of their work on medical innovations.

Acting Secretary Rebecca Blank visited the University of Colorado Anschutz Medical Campus, which houses both the University of Colorado Hospital and Children’s Hospital Colorado, as well as the Schools of Medicine, Nursing, Dental Medicine, Pharmacy and Public Health accompanied by Governor John Hickenlooper. While at the Anschutz Medical Campus, she toured the facilities and observed some researchers working on their innovations in the medical field.

At Anschutz, Blank discussed details of President Obama’s American Jobs Act.  Blank highlighted the different ways the plan could make an immediate impact on job creation: cutting taxes for small businesses, putting more money in the pockets of consumers through an expanded payroll tax cut, and preventing the layoffs of teachers, firefighters and policemen, while putting construction workers to work through much-needed renovations to school, roads, rail and airports renovations. Blank underlined the need for Congress to act quickly on the bipartisan measures in the Jobs Act.

The plan would:

  • Slash the payroll tax in half for 98 percent of businesses, benefitting 130,000 Colorado companies;
  • Allow localities to avoid laying off teachers, firefighters and cops – 7,000 in Colorado alone;
  • Modernize at least 35,000 public schools, supporting renovations across the country and as many as 3,400 jobs in Colorado;
  • Put the long-term unemployed – a group that totals 98,000 in Colorado – back to work by making the most innovative reforms to unemployment insurance in 40 years;
  • Extend unemployment insurance, preventing 5 million Americans, including 33,700 in Colorado, from losing their benefits; and,
  • Cut payroll taxes in half for 160 million workers next year, giving the typical Colorado family a $1,740 tax cut.