According to a recent press release, the U.S. Patent and Trademark Office (USPTO) has selected Denver to be one of three locations for its new satellite offices. Denver edged Portland, Seattle, Salt Lake City, and Albuquerque with its low living costs and large pool of professionals with science and technology degrees.

Denver was also the top city for relocating adults ages 25 to 34.

As a result of Denver’s selection, the region will have the opportunity to create hundreds of patent examiner jobs, as well as jobs for a number of other positions. According to the economists, the agreement’s impact on Denver is anticipated to be $440 million in the next five years.

"As a hub for technology, savvy entrepreneurs, highly educated workers, and an array of top-tier research universities, Colorado is the strategic choice for a new satellite patent office," said Colorado's U.S. Sen. Michael Bennet. "Colorado will put the USPTO at the center of one of the country's most vibrant clusters of innovation, technological development and economic growth."

Creators and submitters of Denver's application were the Metro Denver Economic Development Corporation (Metro Denver EDC), the Intellectual Properties division of the Colorado Bar Association (represented by John Posthumus of Sheridan Ross), and Sen. Bennet's office.

The report, "Accelerating Innovation: The Case for a Satellite Patent Office in Colorado," included letters of support from numerous industry associations, companies and area states.

"There's no doubt that this is an amazing development for our culture of innovation," commented Tom Clark (News - Alert), CEO at the Metro Denver EDC. "Since Colorado ranks among the top five states for entrepreneurial activity, the new satellite patent office in our region will make it very efficient for our inventors and technology companies to get their intellectual property done here in Colorado."

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