Denver has been selected as the home of a new U.S. Patent and Trademark office. David Kappos, the Under Secretary for Intellectual Property says the additional locations will help the reduce backlog of patents waiting for approval. Kappos says the satellite office will create jobs and help spur the economy by attracting other businesses to Denver.
“You’re going to get law firms that are going to want to be located nearby especially intellectual property firms. You’re going to get firms that draft drawings for patent applications. IT outfits that install and maintain computer systems for all of these folks and the list sort of goes on and on and so you get this ecosystem that forms to interact with the agency.”
An economic impact report prepared by Senator Michael Bennet’s office found that the Denver branch could lead to $440 million in economic activity over the first five years.
Two other satellite offices were also announced today in Dallas-Fort Worth, Texas and San Jose California. All three branches will be open by September of 2014.
