DENVER – The new satellite U.S. patent office recently awarded to Colorado will be located in downtown Denver, FOX31 Denver is first to report.
Roughly a month after the U.S. Commerce Dept. selected Colorado as one of three sites for new regional patent offices, officials have decided to put the office in existing space at the Federal Building downtown.
The U.S. Patent and Trade Office just signed a lease on a 25,000 square foot space in the Byron G. Rogers Building at 1960 Stout Street, which has been under renovation for two years.
They also considered sites in Stapleton, near Denver International Airport and at the Federal Center in Lakewood.
A big factor in the selection is that the space already exists and that a new facility won’t have to be built from scratch, thus reducing the overall expense.
The new patent office, which politicians have been working to win for three years, is anticipated to create 1,000 new jobs and to generate $440 million for the local economy.