U.S. Granted Utility Patents Originating in Ann Arbor, MI (MSA)
PATENTCBSA111460 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
785.00
Year-over-Year Change
105.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating from the Ann Arbor, Michigan metropolitan statistical area (MSA). It provides insight into the region's innovation and technological output.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The U.S. Granted Utility Patents Originating in Ann Arbor, MI (MSA) indicator measures the total number of utility patents granted to inventors residing within the Ann Arbor MSA. This metric serves as a proxy for the region's inventive and innovative capacity.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This trend is closely monitored by policymakers, economic development agencies, and businesses to assess the Ann Arbor MSA's competitiveness and potential for future growth.
Key Facts
- Ann Arbor ranks among the top U.S. metro areas for patent activity.
- Utility patents account for the majority of all patents granted in the U.S.
- The Ann Arbor MSA is home to the University of Michigan, a leading research institution.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the Ann Arbor, Michigan metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the inventive and innovative capacity of the Ann Arbor region, which is relevant for understanding its economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and businesses use this trend to assess the Ann Arbor MSA's competitiveness and potential for future growth.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting lags from the USPTO, but otherwise provides a comprehensive view of utility patent activity originating in the Ann Arbor MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Ann Arbor, MI (MSA) (PATENTCBSA111460), retrieved from FRED.