U.S. Granted Utility Patents Originating in Lincoln, NE (MSA)
PATENTCBSA130700 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
56.52%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating from the Lincoln, Nebraska metropolitan statistical area (MSA). It provides insight into the region's 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 are a key indicator of inventive activity and technological progress. The data on patents originating from the Lincoln, NE MSA offers a window into the region's competitiveness and ability to drive economic growth through innovation.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economic development agencies, and businesses to assess a region's innovation ecosystem and potential for future prosperity.
Key Facts
- Lincoln, NE ranks among the top 50 U.S. metropolitan areas for utility patents.
- Patent activity in Lincoln has grown by over 20% in the past decade.
- The University of Nebraska-Lincoln is a major driver of patented innovations in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Lincoln, Nebraska metropolitan statistical area (MSA). Utility patents represent inventions and technological innovations.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a region provides insight into its innovation ecosystem and competitive advantages, which are key drivers of economic growth and prosperity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, the federal agency responsible for issuing patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess a region's innovative capacity, guide investments, and develop strategies to foster technological advancement and commercialization.
Q: Are there update delays or limitations?
A: The data is subject to a reporting lag, as patents can take time to be issued and recorded. Additionally, the metric only captures utility patents and does not include other forms of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lincoln, NE (MSA) (PATENTCBSA130700), retrieved from FRED.