U.S. Granted Utility Patents Originating in Terre Haute, IN (MSA)
PATENTCBSA145460 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-53.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted to inventors originating from the Terre Haute, IN metropolitan statistical area (MSA). It serves as an indicator of technological innovation and entrepreneurial activity in the region.
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 type of patent granted for new and useful inventions. The Terre Haute, IN MSA patent data provides insight into the level of innovative output and intellectual property creation within this specific geographic area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is used by policymakers, researchers, and businesses to assess regional competitiveness and identify emerging technology hubs.
Key Facts
- Terre Haute, IN is a metropolitan area in western Indiana.
- Utility patents protect new and useful inventions or improvements.
- Patent data indicates a region's technological and innovative capacity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Terre Haute, IN metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insight into a region's technological innovation and entrepreneurial activity, which are important indicators of economic competitiveness and growth.
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, researchers, and businesses use patent data to assess regional competitiveness and identify emerging technology hubs, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Terre Haute, IN (MSA) (PATENTCBSA145460), retrieved from FRED.