U.S. Granted Utility Patents Originating in Gainesville, GA (MSA)
PATENTCBSA123580 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
40.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating in the Gainesville, GA metropolitan statistical area (MSA). It provides insights into the level of innovation and technological activity in the local 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 Gainesville, GA (MSA) series measures the total number of utility patents granted to inventors residing in the Gainesville, GA MSA. Utility patents protect new and useful inventions, and are a key indicator of technological innovation and economic competitiveness at the regional level.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development officials often use this metric to benchmark the innovation capacity and entrepreneurial dynamism of a local economy.
Key Facts
- Gainesville, GA MSA is home to several technology and manufacturing companies.
- The number of utility patents granted is a proxy for R&D investment and commercial innovation.
- Tracking patent trends can help identify emerging technology clusters and inform economic development strategies.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors residing in the Gainesville, GA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted is a key indicator of technological innovation and economic competitiveness at the regional level, providing insights into the level of R&D and commercial activity.
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: Policymakers and economic development officials use this metric to benchmark the innovation capacity and entrepreneurial dynamism of the local Gainesville, GA economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and any delays associated with the U.S. Patent and Trademark Office's processing of patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Gainesville, GA (MSA) (PATENTCBSA123580), retrieved from FRED.