Intellectual Property

Despite political gridlock and partisanship in Washington, D.C., Congress and the president recognize intellectual property as a driver of economic growth in America. Unfortunately, cybercrime is on the rise, and intellectual property is oftentimes the primary target of cyber criminals. To protect intellectual property, the White House, Congress, and state governments all are working diligently to enhance cybersecurity.

America’s economic engine is fueled by intellectual property rights, which drive innovation and protect consumers. “There isn’t a sector in the economy that isn’t driven by IP today,” Former Washington Attorney General Rob McKenna told the CSG Intergovernmental Affairs Committee Monday afternoon. The direct and indirect economic impacts of innovation are overwhelming—accounting for more than 40 percent of U.S. economic growth in employment, 30 percent of higher wages and 74 percent of total exports.

America’s economic engine is fueled by intellectual property rights, which drive innovation and protect consumers. Innovative and creative companies perform better and contribute more to local economies than their counterparts. The direct and indirect economic impacts account for more than 40 percent of U.S. economic growth and employment, 40 million American jobs, 30 percent higher wages and 74 percent of total exports. This session highlighted the latest developments in intellectual property and how they affect your state.