The effect of the government shutdown on small businesses

Planning to kick start your business this year? You might run into some delays if the government shutdown continues.

Posted: Jan 18, 2019 6:36 PM
Updated: Jan 18, 2019 6:36 PM

GREATER LAFAYETTE, Ind. (WLFI) — Planning to kick start your business this year? You might run into some delays if the government shutdown continues.

The United States Patent and Trademark Office is still open but who knows how long. If the government shutdown continues USPTO will close and if it closes, the chances of starting a successful business can drop drastically.

USPTO is the government agency that issues patents and trademarks. The office operates through government funding so once that's gone, examining patent and trademark applications won’t continue.

According to Patent Lawyer Cedric D'Hue with D'Hue Law LLC, having a patent can be very valuable to startups.

“If a business starts up and they have patents, they're 35 times more likely to succeed than startups that do not have patents,” said D’Hue. “If you look at a lot of companies that start up, every year of delay between them getting a patent cuts in half their ability to and have an IPO or Initial Public Offering.”

President Trump said he's willing to keep the government shut down indefinitely. D'Hue suggests applying for a patent or trademark while you still can.

“You know this affects a lot of our economy and we can do what we can for right now and we just need to make the most of the opportunities we're given to try to resolve the dispute and move on with growth,” said D’Hue.

Lafayette native Jennifer Bono created Liv Right, a natural dissolving tablet that works as a decongestant. Her product is already on the market at Sunspot in West Lafayette, however she has concerns about the future of her product as she works on applying for a patent.

“I am worried with the delay of getting the patent because I do want my product to be out there on the shelves so I can help other families just like it helped mine,” said Bono.

Another Lafayette inventor David Barnes said his patent application has been filed but not granted.

"If it's not reviewed then you know, I don't have recourse on any infringements and that's really probably the biggest issue that I would face," said Barnes.

Bono and Barnes said they won't give up on their products because of the patent delay from the government shutdown.

West Lafayette
Clear
77° wxIcon
Hi: 92° Lo: 70°
Feels Like: 79°
Kokomo
Overcast
74° wxIcon
Hi: 91° Lo: 69°
Feels Like: 74°
Rensselaer
Clear
72° wxIcon
Hi: 88° Lo: 67°
Feels Like: 72°
Fowler
Clear
72° wxIcon
Hi: 89° Lo: 68°
Feels Like: 72°
Williamsport
Clear
73° wxIcon
Hi: 90° Lo: 69°
Feels Like: 73°
Crawfordsville
Clear
72° wxIcon
Hi: 91° Lo: 69°
Feels Like: 72°
Frankfort
Broken Clouds
74° wxIcon
Hi: 89° Lo: 69°
Feels Like: 74°
Delphi
Clear
72° wxIcon
Hi: 91° Lo: 68°
Feels Like: 72°
Monticello
Clear
76° wxIcon
Hi: 93° Lo: 68°
Feels Like: 76°
Logansport
Scattered Clouds
72° wxIcon
Hi: 91° Lo: 68°
Feels Like: 72°
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 46915

Reported Deaths: 2681
CountyConfirmedDeaths
Marion11499683
Lake5053242
Elkhart316443
Allen2717128
St. Joseph186366
Cass16369
Hamilton1518100
Hendricks1386100
Johnson1254118
Porter71237
Tippecanoe6778
Madison64864
Clark63844
Bartholomew58244
Howard56057
LaPorte55326
Kosciusko5124
Vanderburgh4806
Jackson4653
LaGrange4657
Noble45728
Hancock43735
Boone43443
Delaware42949
Marshall4273
Shelby42025
Floyd37144
Morgan32531
Montgomery29320
Grant29026
Clinton2852
Monroe26628
Dubois2646
White26010
Decatur24832
Henry24315
Lawrence23624
Vigo2288
Dearborn22723
Harrison21022
Warrick21029
Greene18432
Miami1812
Jennings17111
Putnam1688
Scott1607
DeKalb1594
Daviess14116
Orange13523
Wayne1346
Perry1279
Steuben1262
Franklin1248
Jasper1142
Ripley1147
Carroll1102
Wabash1102
Fayette987
Newton9710
Whitley884
Starke853
Randolph784
Huntington712
Wells711
Jefferson701
Fulton681
Jay680
Washington661
Knox630
Pulaski621
Clay604
Gibson592
Rush563
Adams481
Benton480
Owen471
Sullivan441
Brown381
Blackford372
Posey360
Spencer351
Fountain302
Tipton301
Crawford290
Switzerland260
Martin220
Parke220
Ohio140
Warren141
Union130
Vermillion130
Pike90
Unassigned0193

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events