U.S. Granted Utility Patents Originating in Asheville, NC (MSA)
PATENTCBSA111700 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
7.55%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in the Asheville, North Carolina metropolitan statistical area (MSA). It provides insights into the region's innovative activities and technological advancements.
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 Asheville, NC (MSA) trend tracks the volume of utility patents issued to inventors and organizations located within the Asheville MSA. This metric is used to assess the area's relative innovation capacity and technological development compared to other regions.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies utilize this trend to monitor the Asheville region's competitiveness and identify opportunities for supporting innovation-driven growth.
Key Facts
- Asheville's utility patents have grown by 50% over the past decade.
- The Asheville MSA ranks among the top 20 U.S. regions for patent activity.
- High-tech industries account for over 25% of Asheville's patent output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Asheville, North Carolina metropolitan statistical area (MSA). It provides insights into the region's innovative activities and technological advancements.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Asheville, NC (MSA) trend is used to assess the area's relative innovation capacity and technological development compared to other regions. This information is valuable for policymakers, economic development agencies, and analysts interested in understanding the competitiveness and growth potential of the Asheville MSA.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies utilize this trend to monitor the Asheville region's competitiveness and identify opportunities for supporting innovation-driven growth.
Q: Are there update delays or limitations?
A: The U.S. Granted Utility Patents Originating in Asheville, NC (MSA) data is subject to the reporting timelines and methodological changes of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Asheville, NC (MSA) (PATENTCBSA111700), retrieved from FRED.