U.S. Granted Utility Patents Originating in State College, PA (MSA)
This dataset tracks u.s. granted utility patents originating in state college, pa (msa) over time.
Latest Value
72.00
Year-over-Year Change
20.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors located in the State College, PA metropolitan statistical area (MSA). It provides insights into the innovative activity and technological development in this regional economy.
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 State College, PA (MSA) series measures the total number of utility patents issued by the U.S. Patent and Trademark Office to inventors residing within the State College, PA MSA. This metric is used by economists and policymakers to gauge the level of innovation and technological competitiveness in this regional economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This patent trend is used to assess the innovation capacity and technological specialization of the State College, PA MSA relative to other regions.
Key Facts
- State College, PA MSA is home to Pennsylvania State University, a major research institution.
- Utility patents account for 90% of all patents granted in the U.S.
- Patent trends are leading indicators of technological and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted to inventors located in the State College, PA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of innovative activity and technological development in the State College regional economy, which is important for assessing its competitiveness and growth potential.
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 economists use this patent trend to evaluate the innovation capacity and technological specialization of the State College, PA MSA relative to other regions, which informs economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published and updated.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in State College, PA (MSA) (PATENTCBSA144300), retrieved from FRED.