U.S. Granted Utility Patents Originating in Florence-Muscle Shoals, AL (MSA)
PATENTCBSA122520 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted that originate from the Florence-Muscle Shoals, AL metropolitan statistical area (MSA). It provides insight into innovation and technological advancement in 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
The U.S. Granted Utility Patents Originating in Florence-Muscle Shoals, AL (MSA) metric tracks the patents issued by the U.S. Patent and Trademark Office that are associated with inventors or assignees located within this specific geographic area. It is a key indicator of the area's innovative capacity and technological leadership.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by economists, policymakers, and businesses to assess the innovation ecosystem and competitiveness of the Florence-Muscle Shoals region.
Key Facts
- Florence-Muscle Shoals, AL is a metropolitan area in northwest Alabama.
- Utility patents represent inventions and technological advancements.
- The number of patents granted is a key indicator of regional innovation.
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 from the Florence-Muscle Shoals, AL metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological advancement of the Florence-Muscle Shoals regional economy, which is valuable for economists, policymakers, and businesses.
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: This trend is used by economists and policymakers to assess the competitiveness and innovation ecosystem of the Florence-Muscle Shoals region, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Florence-Muscle Shoals, AL (MSA) (PATENTCBSA122520), retrieved from FRED.