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By Maggie Thurber | Special to Ohio Watchdog
COLUMBUS — The Ohio employment picture got some good news recently, when the U.S. Chamber of Commerce’s Global Intellectual Property Center released its first study breaking out the economic benefits of intellectual property state by state.
The report measured research and development spending, the number of scientists and engineers, and the amount of patents, trademarks and copyrights produced to determine the number of jobs supported by the IP industry.
Ohio was ranked fifth in the nation with 2.69 million IP-supported jobs, roughly 57 percent of private-sector jobs in the state.
“Intellectual property’s economic contributions are evident across all states, large and small,” said GIPC executive vice president Mark Elliot.
California ranked first with 7.4 million jobs, followed by Texas, Illinois and New York.
The report also found that Ohio’s IP-intensive companies pay 31 percent more than non-IP companies with an average IP job paying $48,646. The report says IP exports account for 82 percent of all exports from the state.
The U.S. Department of Commerce has identified 75 IP-intensive industries, including “(c)omputer and peripheral equipment, audio and video equipment manufacturing, newspaper and book publishers, (p)harmaceutical and medicines, (s)emiconductor and other electronic components, and the (m)edical equipment space.”
