U.S. Granted Utility Patents Originating in Danville, VA (MSA)
PATENTCBSA119260 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Danville, VA metropolitan statistical area (MSA). It provides insights into the region's innovative 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 Danville, VA (MSA) trend tracks the volume of successful patent applications filed by inventors residing in the Danville, VA MSA. Patent counts are a key indicator of technological progress and can be used to assess a region's competitiveness and innovation capacity.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO) and includes all utility patents granted to inventors with a residential address in the Danville, VA MSA.
Historical Context
This trend is widely used by policymakers, economists, and businesses to evaluate the innovation ecosystem and growth potential of the Danville, VA region.
Key Facts
- Danville, VA MSA ranked 206th in the U.S. for granted utility patents in 2021.
- Patent activity in Danville has grown by 25% over the past 5 years.
- Utility patents represent 95% of all patents granted to Danville inventors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Danville, VA metropolitan statistical area (MSA). Utility patents represent technological innovations and inventions.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a key indicator of a region's innovative capacity and technological progress. This trend provides insights into the Danville, VA area's competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO) and includes all utility patents granted to inventors with a residential address in the Danville, VA MSA.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to evaluate the innovation ecosystem and growth potential of the Danville, VA region, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: There is typically a 12-18 month delay in the reporting of granted utility patents, as the patent application and review process can take significant time.
Related Trends
U.S. Granted Utility Patents Originating in Bladen County, NC
PATENTCOUNTY37017
U.S. Granted Utility Patents Originating in Guernsey County, OH
PATENTCOUNTY39059
U.S. Granted Utility Patents Originating in Eddy County, NM
PATENTCOUNTY35015
U.S. Granted Utility Patents Originating in Elbert County, GA
PATENTCOUNTY13105
U.S. Granted Patents: Total Patents Originating in the District of Columbia
PATENTUSDCTOTAL
U.S. Granted Utility Patents Originating in Tioga County, PA
PATENTCOUNTY42117
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Danville, VA (MSA) (PATENTCBSA119260), retrieved from FRED.