U.S. Granted Utility Patents Originating in Tuscaloosa, AL (MSA)
PATENTCBSA146220 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
316.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tuscaloosa, AL (MSA)' measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in the Tuscaloosa, Alabama metropolitan statistical area. This metric provides insight into regional 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
Utility patents are a type of patent granted for new and useful inventions, products, or processes. The 'U.S. Granted Utility Patents Originating in Tuscaloosa, AL (MSA)' series tracks the geographic distribution of U.S. patent activity, which is a key indicator of regional innovation and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Economists and policymakers use this metric to assess regional innovation capacity and competitiveness.
Key Facts
- Tuscaloosa, AL was granted 130 utility patents in 2021.
- Patents originating in Tuscaloosa account for 0.2% of total U.S. utility patents.
- The Tuscaloosa metro area has seen a 15% increase in utility patents over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Tuscaloosa, AL (MSA)' measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in the Tuscaloosa, Alabama metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional innovation and technological development, which are key indicators of economic 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: Economists and policymakers use this metric to assess regional innovation capacity and competitiveness, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released with a lag, typically 6-12 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tuscaloosa, AL (MSA) (PATENTCBSA146220), retrieved from FRED.