U.S. Granted Utility Patents Originating in Syracuse, NY (MSA)
PATENTCBSA145060 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.00
Year-over-Year Change
38.22%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted to inventors originating from the Syracuse, NY metropolitan statistical area (MSA). It provides insights 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
The U.S. Granted Utility Patents Originating in Syracuse, NY (MSA) trend measures the total number of utility patents granted to residents of the Syracuse, NY MSA. Utility patents protect new and useful inventions, and this metric is a key indicator of the region's technological capabilities and innovative activities.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this trend to evaluate the Syracuse region's competitiveness and potential for growth in high-tech industries.
Key Facts
- The Syracuse, NY MSA accounted for 0.2% of total U.S. utility patents in 2021.
- Patent grants in the Syracuse MSA have grown by 30% over the past decade.
- Syracuse University is a major source of innovation and patent activity in the region.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted to inventors originating from the Syracuse, NY metropolitan statistical area (MSA). Utility patents protect new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a key indicator of its technological capabilities and innovative activities, which are important for economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to evaluate the Syracuse region's competitiveness and potential for growth in high-tech industries.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Patent and Trademark Office, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Syracuse, NY (MSA) (PATENTCBSA145060), retrieved from FRED.