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Intellectual Property

Assess Costs Everywhere: Intellectual Property Rights

The Department of Commerce’s Assess Costs Everywhere (ACE) tool helps firms estimate the costs and risks associated with locating operations or supply chains overseas. Today, we are focusing on intellectual property (IP) in our eleven-part series highlighting the relatively low costs and risks of keeping business right here in America. Be sure to check out earlier Economics and Statistics Administration blog posts here.

US Commerce Department Releases New Report Showing Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy

WASHINGTON, April 11, 2012 – The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).

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