Florida Ranks No. 4 for Innovation

17 07 2009

Florida ranks fourth in the nation in terms of high-tech employment, with 20,000 doctoral scientists and engineers and more than 276,000 high-tech workers, according to a report by the U.S. Chamber of Commerce’s Global Intellectual Property Center.

The study looks at the importance of intellectual property and innovation in America, as well as the roles that innovation and creativity play in each state.

University research and development expenditures in Florida were more than $1.6 billion in 2007, leading to more than 800 patent applications, 171 granted patents and 135 patents for commercial use, according to the report.

It notes that Florida innovators received 2,358 patents in 2007, ranking it 11th in the nation in patents granted.

Florida’s software industry employs nearly 8,000 who earn more than $685 million in wages, according to the report.

In 2007-2008, there were 76 movies and TV shows filmed in the Sunshine State, accounting for more than $1.4 billion in local wages.

“America has a story to tell, and each story is unique,” said Mark Esper, executive VP of the Chamber’s GIPC, in a news release. “The value of innovation can be found in every corner of the country, and every state and community plays a role in helping us all achieve the American dream.”

The Florida fact sheet notes that the first suntan lotion was invented by Miami Beach pharmacist Benjamin Green in 1944 and later became known as Coppertone.

America’s IP-intensive industries employ nearly 18 million workers and account for more than $5 trillion of the U.S. gross domestic product, comprise more than half of all U.S. exports, and represent 40 percent of U.S. economic growth, the report noted.

Click here for a full report.

Source: U.S. Chamber of Commerce



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