U.S. Granted Utility Patents Originating in Kalamazoo-Portage, MI (MSA)
PATENTCBSA128020 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
-2.91%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Kalamazoo-Portage, MI metropolitan statistical area (MSA). It provides insight into the region's innovative capacity 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
The U.S. Granted Utility Patents Originating in Kalamazoo-Portage, MI (MSA) trend tracks the total number of utility patents issued to inventors residing in the Kalamazoo-Portage MSA. Utility patents protect the functional aspects of new inventions and innovations, making this data a key indicator of technological progress and competitiveness in the region.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
This metric is used by policymakers, economic development agencies, and researchers to assess the innovation ecosystem and technology-driven growth potential of the Kalamazoo-Portage MSA.
Key Facts
- The Kalamazoo-Portage MSA is home to several major research universities and pharmaceutical companies.
- Utility patents represent about 90% of all patents issued by the U.S. Patent and Trademark Office.
- Patent activity is a leading indicator of future economic growth and competitiveness.
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 Kalamazoo-Portage, MI 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 technological innovation and the strength of the local innovation ecosystem, making this trend relevant for policymakers, economic development agencies, and researchers analyzing a region's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economic development agencies, and researchers to assess the innovation ecosystem and technology-driven growth potential of the Kalamazoo-Portage MSA, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a delay, and there may be limitations in capturing all patent activity originating from the Kalamazoo-Portage MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Kalamazoo-Portage, MI (MSA) (PATENTCBSA128020), retrieved from FRED.