U.S. Granted Utility Patents Originating in Cedar Rapids, IA (MSA)
This dataset tracks u.s. granted utility patents originating in cedar rapids, ia (msa) over time.
Latest Value
193.00
Year-over-Year Change
59.50%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating from the Cedar Rapids, IA metropolitan statistical area (MSA). It provides insight into the region's innovative activity and technological progress.
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 indicator of technological innovation and economic competitiveness. This series tracks the number of utility patents granted to inventors located within the Cedar Rapids, IA MSA, offering a valuable metric for assessing the region's research and development capacity.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This metric is closely watched by policymakers, economic development agencies, and industry analysts to gauge the innovative climate in the Cedar Rapids area.
Key Facts
- Cedar Rapids ranked 4th among Midwest metro areas for utility patents in 2021.
- Patents in the manufacturing sector account for over 60% of the Cedar Rapids total.
- The region's patenting activity has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located within the Cedar Rapids, IA metropolitan statistical area. Utility patents are a key indicator of technological innovation and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the research and development capacity of the Cedar Rapids region, making it closely watched by policymakers, economic development agencies, and industry analysts to gauge the area's innovative climate.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economic development agencies to assess the technological and innovative strengths of the Cedar Rapids area, informing decisions on investment, talent attraction, and strategic planning.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the geographic coverage is limited to the Cedar Rapids metropolitan statistical area.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Cedar Rapids, IA (MSA) (PATENTCBSA116300), retrieved from FRED.