U.S. Granted Utility Patents Originating in Columbus, OH (MSA)
This dataset tracks u.s. granted utility patents originating in columbus, oh (msa) over time.
Latest Value
445.00
Year-over-Year Change
28.99%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in the Columbus, OH metropolitan statistical area (MSA). It provides insight into the region's innovative activity and technological development.
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 type of patent granted for new and useful inventions. Tracking the number of utility patents originating in a specific geographic area can indicate the level of innovative output and technological competitiveness of that region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This trend is used by economists, policymakers, and regional development analysts to assess the innovative capacity and entrepreneurial climate of the Columbus, OH MSA.
Key Facts
- Columbus, OH ranks 15th among U.S. metro areas for utility patents granted.
- Utility patent grants in the Columbus MSA have grown by 30% over the past decade.
- The manufacturing and healthcare sectors account for the majority of utility patents originating in Columbus.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the Columbus, OH metropolitan statistical area. Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patent grants in a specific geographic area provides insight into the region's innovative activity, technological competitiveness, and entrepreneurial climate.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Economists, policymakers, and regional development analysts use this trend to assess the innovative capacity and growth potential of the Columbus, OH metropolitan area.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months behind the current period. The geographic scope is limited to the Columbus, OH metropolitan statistical area.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Columbus, OH (MSA) (PATENTCBUSA118140), retrieved from FRED.