U.S. Granted Utility Patents Originating in Hagerstown-Martinsburg, MD-WV (MSA)
PATENTCBSA125180 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
-14.29%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors residing in the Hagerstown-Martinsburg, MD-WV metropolitan statistical area. It provides insight into regional innovation 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 protect new and useful inventions, machines, processes, or compositions of matter. Tracking patent activity is an important indicator of an area's capacity for technological innovation and economic growth.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the regional innovation ecosystem and inform strategies to support entrepreneurship and R&D.
Key Facts
- Hagerstown-Martinsburg, MD-WV is a mid-sized metropolitan area with a population of over 270,000.
- The region's economy includes manufacturing, healthcare, and logistics industries.
- Utility patent grants indicate new inventions that can drive economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the Hagerstown-Martinsburg, MD-WV metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insight into a region's capacity for technological innovation and economic growth, which is important for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the regional innovation ecosystem and inform strategies to support entrepreneurship and R&D.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all patent activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hagerstown-Martinsburg, MD-WV (MSA) (PATENTCBSA125180), retrieved from FRED.