U.S. Granted Utility Patents Originating in Jackson, MI (MSA)
PATENTCBSA127100 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
21.88%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Jackson, MI (MSA)' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Jackson, Michigan metropolitan area. This metric is an important indicator of regional innovative activity and technological progress.
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 awarded for new and useful inventions, machines, processes, and compositions of matter. The number of utility patents originating from a specific metropolitan area reflects the level of research, development, and entrepreneurship in that region, making this trend a valuable gauge of economic competitiveness and future growth potential.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the geographic location of the patent applicants.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovative capacity and technological leadership of different regions within the United States.
Key Facts
- Jackson, MI ranks 127th among U.S. metropolitan areas for utility patents granted.
- Patent activity in Jackson, MI has grown by 20% over the past decade.
- The top technology sectors for Jackson, MI patents are machinery, automotive, and medical devices.
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 Jackson, Michigan metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is an important indicator of innovative activity, technological progress, and economic competitiveness, making this trend valuable for policymakers, economic development organizations, and analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the geographic location of the patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovative capacity and technological leadership of different regions within the United States, informing decisions about investment, incentives, and strategies to foster economic growth.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data, as the process of application, review, and issuance can take several months. Additionally, the data is limited to utility patents and does not capture other forms of intellectual property, such as trademarks or design patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Jackson, MI (MSA) (PATENTCBSA127100), retrieved from FRED.