U.S. Granted Utility Patents Originating in Lewiston-Auburn, ME (MSA)
PATENTCBSA130340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Lewiston-Auburn, ME metropolitan statistical area (MSA). It provides insights into the region's innovative activity 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 Lewiston-Auburn, ME (MSA) trend tracks the volume of successful patent applications filed by local inventors. Patent counts are a proxy for inventiveness, technological change, and entrepreneurial dynamism within the regional economy.
Methodology
The data is collected by the United States Patent and Trademark Office (USPTO) based on the geographic location of the primary inventor listed on each granted utility patent.
Historical Context
This metric is useful for policymakers, economic development agencies, and analysts seeking to benchmark the innovative capacity of the Lewiston-Auburn MSA relative to other regions.
Key Facts
- The Lewiston-Auburn MSA is home to approximately 107,000 residents.
- In 2021, the region accounted for 0.1% of total U.S. utility patents granted.
- Patent activity in the Lewiston-Auburn MSA has grown by 50% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Lewiston-Auburn, ME metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a proxy for inventiveness, technological change, and entrepreneurial dynamism within the regional economy, making this trend useful for policymakers, economic development agencies, and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the United States Patent and Trademark Office (USPTO) based on the geographic location of the primary inventor listed on each granted utility patent.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economic development agencies, and analysts to benchmark the innovative capacity of the Lewiston-Auburn MSA relative to other regions and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, as patent applications can take time to be processed and granted by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lewiston-Auburn, ME (MSA) (PATENTCBSA130340), retrieved from FRED.