U.S. Granted Utility Patents Originating in Lubbock, TX (MSA)
PATENTCBSA131180 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-10.71%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Lubbock, TX metropolitan statistical area (MSA). It provides insights into regional innovation 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
The U.S. Granted Utility Patents Originating in Lubbock, TX (MSA) trend measures the patent activity and inventiveness within the Lubbock, TX metropolitan area. It is used by policymakers, economists, and businesses to analyze local-level innovation and technological development.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is relevant for understanding regional competitiveness and identifying emerging innovation hubs.
Key Facts
- Lubbock, TX is home to Texas Tech University, a major research institution.
- The Lubbock MSA has seen steady growth in patent grants over the past decade.
- High-tech industries like agriculture, energy, and advanced manufacturing drive much of the region's innovation.
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 Lubbock, TX metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the regional innovation and technological progress occurring in the Lubbock, TX MSA, which is useful for policymakers, economists, and businesses analyzing local competitiveness and emerging innovation hubs.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to understand regional competitiveness and identify emerging innovation hubs.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the U.S. Patent and Trademark Office, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lubbock, TX (MSA) (PATENTCBSA131180), retrieved from FRED.