U.S. Granted Utility Patents Originating in Carson City, NV (MSA)
PATENTCBSA116180 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-44.44%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Carson City, Nevada metropolitan statistical area (MSA). It serves as an indicator of regional innovation and entrepreneurial activity.
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 Carson City, NV (MSA) trend tracks the volume of new inventions and technological advancements from this specific geographic area. It is used by economists and policymakers to assess the innovative capacity and competitiveness of the local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
This metric helps inform regional economic development strategies and policies aimed at fostering innovation and entrepreneurship.
Key Facts
- Carson City, NV MSA had 75 utility patents granted in 2021.
- Patent grants in the region have increased by 20% over the past 5 years.
- The Carson City MSA accounts for 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Carson City, Nevada metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric serves as an indicator of regional innovation and entrepreneurial activity, which is useful for economists and policymakers assessing the competitiveness and growth potential of the local economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: This metric helps inform regional economic development strategies and policies aimed at fostering innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag, usually 6-12 months after the end of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Carson City, NV (MSA) (PATENTCBSA116180), retrieved from FRED.