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U.S. Commerce Department Economic Development Innovation

Sullivan & Worcester

U.S. Department of Commerce Weighs Patent Tax with Significant Implications for Innovation and Patent Strategy

Sullivan & Worcester on

On July 28, 2025, The Wall Street Journal reported that the U.S. Department of Commerce is considering a new proposal to impose a tax of 1% to 5% on the “value” of issued patents. If implemented, the tax would be in addition...more

Womble Bond Dickinson

U.S. Government Designates 31 Tech Hubs to Bolster Innovation and Economic Development

Womble Bond Dickinson on

Earlier this week, the U.S. Economic Development Administration (EDA) within the U.S. Department of Commerce announced the designation of 31 technology hubs. These hubs span 32 states and Puerto Rico, with the goal of driving...more

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