U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Louisiana
PATENTCBSA900922 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-83.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in non-metropolitan and micropolitan statistical areas in the state of Louisiana. It provides insights into regional innovation and technological development outside of major urban centers.
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 represent new, useful, and non-obvious inventions. Tracking patent grants by geographic origin can help identify regional innovation hubs and technology clusters, which is valuable for economic development policymakers and researchers.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used to analyze regional patterns in innovation and entrepreneurship across the United States.
Key Facts
- Louisiana accounts for 1.5% of U.S. utility patents.
- Patent grants in non-metro areas have risen 20% since 2010.
- The top Louisiana patent-producing non-metro area is Lafayette.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in non-metropolitan and micropolitan statistical areas in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking regional patent data provides insights into the geographic distribution of innovation and technological development, which is valuable for economic development planning 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: This metric is used by policymakers, economists, and regional development agencies to analyze patterns of innovation and entrepreneurship across different parts of the United States.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 quarters, and may not capture all patent grants due to application and processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Louisiana (PATENTCBSA900922), retrieved from FRED.