U.S. Granted Utility Patents Originating in Vineland-Millville-Bridgeton, NJ (MSA)
PATENTCBSA147220 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-11.11%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Vineland-Millville-Bridgeton, NJ metropolitan statistical area (MSA). Utility patents represent new inventions and innovations, making this an important indicator of regional economic activity and competitiveness.
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 metric measures the number of utility patents issued to inventors residing within the Vineland-Millville-Bridgeton, NJ MSA. Utility patents are a type of intellectual property right granted for new, useful, and non-obvious inventions, signaling entrepreneurial dynamism and technological progress.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend provides insight into the innovative capacity and competitiveness of the regional economy.
Key Facts
- Vineland-Millville-Bridgeton, NJ issued 104 utility patents in 2021.
- The number of utility patents has grown by 25% over the past 5 years.
- The Vineland-Millville-Bridgeton MSA ranks 121st nationally for utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the Vineland-Millville-Bridgeton, NJ metropolitan statistical area. Utility patents represent new inventions and technological innovations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the innovative capacity and competitiveness of the regional economy, which is important for economic development, technology transfer, and policy analysis.
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 trend to assess the entrepreneurial dynamism and technological progress of the regional economy, which can inform investment, education, and innovation policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Vineland-Millville-Bridgeton, NJ (MSA) (PATENTCBSA147220), retrieved from FRED.