U.S. Granted Utility Patents Originating in Elmira, NY (MSA)
PATENTCBSA121300 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.00
Year-over-Year Change
-10.71%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Elmira, NY metropolitan statistical area (MSA). Patents are a key indicator of innovation and technological progress in a region.
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. The number of utility patents originating from a specific geographic area reflects the level of innovative activity and technological capabilities in that region.
Methodology
The data is collected by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Policymakers and economic development agencies use this metric to assess the innovative capacity and competitiveness of local and regional economies.
Key Facts
- Elmira, NY is a metropolitan area in upstate New York.
- Utility patents account for the majority of all patents granted in the U.S.
- Patent counts are an important indicator of technological and scientific progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Elmira, NY metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a key indicator of innovation and technological capabilities, which are important for economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovative capacity and competitiveness of local and regional economies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and processing timelines of the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Elmira, NY (MSA) (PATENTCBSA121300), retrieved from FRED.