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Intellectual Property and the U.S. Economy: 2016 Update

Cover image for Intellectual Property and the U.S. Economy: 2016 Update report.Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being, and overall quality of life for the entire U.S. population.1 As the world leader in innovation, U.S. companies have relied on intellectual prop- erty (IP) as one of the leading tools with which such advances were promoted and realized. Pat- ents, trademarks, and copyrights are the principal means for establishing ownership rights to the creations, inventions, and brands that can be used to generate tangible economic benefits to their owner.

Hack the Pay Gap

Pay equality “power shifting” with Commerce data

“When women are not paid fairly,” President Obama said, “not only do they suffer, but so do their families.”

We at Commerce are excited to be part of the solution – and to have our work in harnessing our vast troves of data for innovation, job creation and advancing the public good recognized and made real. That’s why I’m so pleased that on July 19, Secretary Pritzker and US Chief Technology Officer Megan Smith hosted “Hack the Pay Gap Demo Day” at the White House showcasing our data access and usability efforts.

Unlocking Opportunity: Economic Development through Open Data

Photo of Dr. Tyrone Grandison, Deputy Chief Data OfficerRecently, I had the opportunity to discuss the value of #OpenData at the #EDA2016. The Economic Development Administration's 2016 National Conference held in Washington DC, is where hundreds of regional and local economic development professionals, non-profit and private partners, and federal, state, tribal and local officials explored the top issues facing communities today relating to improving competitiveness, job growth, innovation and overall quality of life.

Statement from U.S. Secretary of Commerce Penny Pritzker on December Jobs Numbers

WASHINGTON — U.S. Secretary of Commerce Penny Pritzker today released the following statement on the December jobs report, which showed that U.S. employment rose by 292,000 last month. Growth accelerated in most industries above their previous 12-month average, with the transportation and warehousing, information services, and construction industries showing especially strong gains relative to the past year.

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