DENVER — Monday, July 2, 2012 — Gov. John Hickenlooper joined U.S. Sen. Michael Bennet and others today to celebrate the U.S. Department of Commerce’s decision to put a U.S. Patent and Trademark Office regional office in the Denver area.
“This patent office belongs in Colorado because we are the center of innovation, technology and bioresearch,” Hickenlooper said. “The economic impact of this office to our state is estimated at almost $440 million in the next five years, but the effect doesn’t end there. This office is where the rubber of innovation meets the road of entrepreneurship. We look forward to the day when inventors and entrepreneurs throughout the region will kick start their business at a patent office right in our own backyard.”
According to the Commerce Department, the new office in Colorado will function as a hub of innovation and creativity, help protect and foster American innovation in the global marketplace, help businesses cut through red tape, and create new economic opportunities. Next week, Acting Secretary Blank and Under Secretary Kappos will travel to each of the newly selected cities to meet with local businesses, entrepreneurs and public officials to discuss the new office openings.
Hickenlooper talked to President Barack Obama about Colorado's advantages on several occasions. "I may have made a pest of myself. Every time I saw the president, I made the strongest case for Colorado."
The Commerce Department reported the Denver area provides the U.S. Patent and Trademark Office with a mountain time zone hub from which to operate. Empirical evidence demonstrates that Denver is a sought-after place to live and work with relatively low cost-of-living—a critical combination for the recruitment and retention of top talent. Further, the economic impact of a USPTO satellite office in the Denver region is projected to be disproportionate relative to most other cities. Denver also boasts an above average population of potential Veteran employees.
The governor talked about the new office at a press conference this morning with Bennet, Congressman Ed Perlmutter, Denver Mayor Michael B. Hancock and key business leaders in the community.