Congressman Marsha Blackburn (TN-7) today praised the federal agencies behind www.stopfakes.gov for the launch of 2013 STOPfakes.gov road show in Nashville, TN. Highlighting Tennessee's contributions to America's creative economy, Blackburn commends STOPfakes.gov agencies for hosting the seminar, educating local businesses on the basics of intellectual property (IP) rights, and the available resources to them to effectively safeguard their assets.
"Innovation and creativity are vital to Tennessee's economy,"said Blackburn."According to a study by the U.S. Chamber of Commerce, Tennessee's IP industries generate 1.23 million jobs, right at half of all private sector jobs within our state. These industries also drive $111.5 billion in gross domestic product. Many of our most successful industries rely on IP to further their growth. It is also critical that our local businesses are empowered to protect their intellectual assets embodied in copyrights, trademarks, and patents. Therefore, the STOPfakes road show provides valuable resources for businesses small and large in Tennessee to promote and protect their IP."
"In the global economy, IP is one of our most valuable assets and a key to America's competitiveness,"said Mark Elliot,executive vice president of the U.S. Chamber of Commerce's Global Intellectual Property Center. "Adequate IP protections provide the incentives to innovators and creators to pour their time and resources into pushing the limits of human ingenuity and developing beneficial new products. These could potentially include a life-saving medicine, a great novel, or a technological advance."