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Blog Category: National Bureau of Economic Research

Deputy Secretary Blank Speaks on the Role of Innovation in the U.S. Economy

Deputy Secretary Blank speaks on innovation at National Press Club

Guest blog post by Deputy Commerce Secretary Rebecca Blank 

This afternoon, I had the honor of addressing an annual conference on innovation, sponsored by the National Bureau of Economic Research (NBER), a nonprofit, nonpartisan organization dedicated to promoting a greater understanding of how the economy works. Today’s event, entitled “Innovation Policy and the Economy,” provided an opportunity to discuss one of the most important contributors to America’s long-term competitiveness: innovation. 

America’s entrepreneurs, businesses, and workers are the primary source of new ideas that drive innovation. Patents, trademarks, and copyrights–the main protections in our intellectual property (IP) system–are critical tools that help commercialize game-changing ideas. By creating a better environment for our private sector to capitalize on those ideas, IP protections help foster the innovation and creativity that lead to a stronger economy and the creation of more, good-paying jobs.