Patent office coming to Denver

An announcement out July 2 from the U.S. Commerce Department declares Denver as one of three cities chosen for new satellite branches of the U.S. Patent and Trademark Office. This development has Denver leaders anticipating job creation and local innovation, the Denver Business Journal reported.

The U.S. Commerce Department announced that on the week of July 9, acting secretary Rebecca Blank and under secretary David Kappos will be traveling to all three cities to meet with local businesses, public officials and entrepreneurs to discuss the new satellite branches. The other locations chosen are Dallas, Texas, and Silicon Valley, California, in addition to an office opening July 13 in Detroit.

In a recent release, the Commerce Department stated, “The four offices will function as hubs of innovation and creativity, helping protect and foster American innovation in the global marketplace, helping businesses cut through red tape, and creating new economic opportunities in each of the local communities.”

The office addition will help to distinguish Denver from other major metros, making the city more attractive for prospective homebuyers. The Denver Business Journal reported that John Posthumus, a Denver attorney who led the push for Denver’s selection, said one of the key reasons for the choice was the “relatively low costs” for commercial real estate in Denver. Other key Denver features that made this city a prime choice include the Denver International Airport and the currently expanding rail transit network.