Energetic minds driving an innovation economy
USPTO gravitated to Denver for satellite office
Colorado’s ever-increasing reputation as one of the nation’s leading states for innovation soared even higher in 2012 when the U.S. Patent and Trademark Office (USPTO) chose Denver as one of four satellite offices. Initially, the office will employ 130, growing to as many as 595 staff with a $439 million economic impact within five years.
The USPTO chose Denver because the region:
- Has one of the highest per capita rates of people with science and technology degrees.
- Has relatively low living costs.
- Offers an outstanding quality of life.
- Offers a desirable location in which to recruit and retain the most talented workers.
On June 30, 2014, the USPTO opened its permanent satellite location in Denver. The office is the second to open out of four satellite offices announced by the USPTO including those in Detroit, Dallas-Fort Worth, and San Jose, Calif. To commence the ceremony, opening remarks were delivered by Deputy Under Secretary of Commerce for IP and USPTO Deputy Director Michelle K. Lee.
The offices are designed to foster American innovation in the global marketplace, while at the same time help speed up the patent process, which had a backlog of 700,000 applications before the U.S. recession hit in 2008.