U.S. Granted Utility Patents Originating in Muskegon-Norton Shores, MI (MSA)
PATENTCBSA134740 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-40.00%
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 Muskegon-Norton Shores, MI metropolitan statistical area (MSA). This metric is an important indicator of regional innovation and entrepreneurial activity.
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 Muskegon-Norton Shores, MI (MSA) tracks patent grants in this specific geographic area over time. Patents are a key driver of technological progress and economic growth, so monitoring regional patent trends provides insights into the local innovation ecosystem.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess the competitiveness and innovation capacity of local markets.
Key Facts
- Muskegon-Norton Shores, MI ranked 237th among U.S. metropolitan areas for utility patents in 2021.
- Patent grants in this region peaked in 2015 at 71 patents.
- The Muskegon-Norton Shores MSA accounts for 0.2% of total U.S. utility patents.
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 Muskegon-Norton Shores, MI metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key driver of technological progress and economic growth, so monitoring regional patent trends provides insights into the local innovation ecosystem and competitiveness.
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: Policymakers and economic development organizations use this metric to assess the innovation capacity and competitiveness of the Muskegon-Norton Shores regional market.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and processing timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Muskegon-Norton Shores, MI (MSA) (PATENTCBSA134740), retrieved from FRED.