U.S. Granted Utility Patents Originating in Wheeling, WV-OH (MSA)
This dataset tracks u.s. granted utility patents originating in wheeling, wv-oh (msa) over time.
Latest Value
6.00
Year-over-Year Change
-33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Wheeling, WV-OH (MSA)' metric tracks the number of utility patents granted to inventors located in the Wheeling, WV-OH metropolitan statistical area. This data provides insights into regional innovation and technological advancement.
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 the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The Wheeling, WV-OH MSA data offers a localized view of patenting activity, which can indicate the level of technological innovation within the region.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations often use this data to assess a region's competitiveness and potential for growth in high-tech industries.
Key Facts
- Wheeling, WV-OH MSA had 17 utility patents granted in 2022.
- Patents are a key indicator of technological innovation and economic competitiveness.
- The Wheeling MSA is home to several universities and research institutions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors located in the Wheeling, WV-OH metropolitan statistical area. Utility patents represent new and useful inventions, innovations, and technological advancements.
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 technological innovation and economic competitiveness. This data can provide insights into the level of research, development, and entrepreneurial activity within the Wheeling MSA.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which tracks the geographic origin of granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess a region's innovation ecosystem and potential for growth in high-tech industries. The information can inform decisions about investments, incentives, and strategies to foster technological advancement and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it takes time for the USPTO to process and report on granted patents. Additionally, the data only reflects utility patents and does not include other types of intellectual property, such as design or plant patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wheeling, WV-OH (MSA) (PATENTCBSA148540), retrieved from FRED.