U.S. Granted Utility Patents Originating in College Station-Bryan, TX (MSA)
PATENTCBSA117780 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.00
Year-over-Year Change
31.37%
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 in the College Station-Bryan, TX metropolitan statistical area (MSA). It provides insights into the innovation and technological activity within this regional economy.
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 innovative capacity and technological development. Tracking the number of patents granted to inventors in the College Station-Bryan MSA can reveal trends in the region's competitiveness, research, and commercialization of new products and processes.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used by policymakers, economists, and businesses to assess regional innovation and guide economic development strategies.
Key Facts
- The College Station-Bryan MSA is home to Texas A&M University, a major research institution.
- Patent grants in the region peaked in 2016 at over 300 per year.
- The area has seen steady growth in patent activity over the past decade.
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 in the College Station-Bryan, TX metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants in the College Station-Bryan region provides insights into the innovation and technological development occurring in the local economy, which is important for understanding regional competitiveness and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patent data is widely used by policymakers, economists, and businesses to assess regional innovation capacity and guide economic development strategies and investments.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of patent grant data, as it depends on the processing timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in College Station-Bryan, TX (MSA) (PATENTCBSA117780), retrieved from FRED.