U.S. Granted Utility Patents Originating in Buffalo-Niagara Falls, NY (MSA)
This dataset tracks u.s. granted utility patents originating in buffalo-niagara falls, ny (msa) over time.
Latest Value
254.00
Year-over-Year Change
-29.64%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors residing in the Buffalo-Niagara Falls, NY metropolitan statistical area (MSA). Tracking patent activity provides insights into regional innovation and technological advancement.
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
Utility patents are a key metric for evaluating innovative capacity and economic competitiveness within a geographic area. The U.S. Patent and Trademark Office (USPTO) publishes this data to track patent grants originating from specific MSAs across the country.
Methodology
The data is collected directly from USPTO records of patent applications and grants.
Historical Context
Policymakers and economic development agencies use this metric to benchmark regional innovation performance and guide strategic investments.
Key Facts
- The Buffalo-Niagara Falls MSA accounts for roughly 0.5% of total U.S. utility patents.
- Patent activity in the region has seen moderate growth over the past decade.
- The top technology sectors for patents originating in this MSA are engineering, materials science, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the Buffalo-Niagara Falls, NY metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insights into the regional innovation capacity and technological competitiveness of the Buffalo-Niagara Falls economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office (USPTO) records of patent applications and grants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark regional innovation performance and guide strategic investments to foster technological advancement.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all patent grants due to processing times at the USPTO.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
Similar PATENTCBSA Trends
U.S. Granted Utility Patents Originating in Abilene, TX (MSA)
PATENTCBSA110180
U.S. Granted Utility Patents Originating in Akron, OH (MSA)
PATENTCBSA110420
U.S. Granted Utility Patents Originating in Albany-Schenectady-Troy, NY (MSA)
PATENTCBSA110580
U.S. Granted Utility Patents Originating in Albany, GA (MSA)
PATENTCBSA110500
U.S. Granted Utility Patents Originating in Albuquerque, NM (MSA)
PATENTCBSA110740
U.S. Granted Utility Patents Originating in Alexandria, LA (MSA)
PATENTCBSA110780
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Buffalo-Niagara Falls, NY (MSA) (PATENTCBSA115380), retrieved from FRED.