U.S. Granted Utility Patents Originating in Charlottesville, VA (MSA)
This dataset tracks u.s. granted utility patents originating in charlottesville, va (msa) over time.
Latest Value
92.00
Year-over-Year Change
41.54%
Date Range
1/1/2000 - 1/1/2015
Summary
This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate in the Charlottesville, VA Metropolitan Statistical Area (MSA). It provides insights into the region's innovation and technological 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 Charlottesville, VA (MSA) metric measures the total number of utility patents issued to inventors located within the Charlottesville, VA MSA. This serves as an indicator of the region's scientific and technological output, which is closely tied to economic growth and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and regional economic development organizations use this metric to assess the Charlottesville area's innovation capacity and competitiveness.
Key Facts
- Charlottesville, VA ranks among the top U.S. metropolitan areas for patents per capita.
- The region's patent activity is driven by its strong technology and research sectors.
- Patents are a key indicator of an area's capacity for scientific and technological advancement.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate in the Charlottesville, VA Metropolitan Statistical Area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Charlottesville, VA (MSA) metric provides insights into the region's innovation and technological activity, which is closely tied to economic growth and competitiveness.
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 regional economic development organizations use this metric to assess the Charlottesville area's innovation capacity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a reliable indicator of the region's patent activity over time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Charlottesville, VA (MSA) (PATENTCBSA116820), retrieved from FRED.