U.S. Granted Utility Patents Originating in Bibb County, AL
PATENTCOUNTY01007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Bibb County, AL' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Bibb County, Alabama.
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
This metric provides insight into the innovative and technological output of Bibb County, a key indicator for economic development and competitiveness. It is used by policymakers, researchers, and businesses to analyze regional innovation patterns and trends.
Methodology
The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Historical Context
Utility patent data is crucial for understanding local and regional innovation ecosystems.
Key Facts
- Bibb County, AL had 72 utility patents granted in 2021.
- Patent activity in Bibb County has grown by 15% over the past 5 years.
- Manufacturing and technology sectors account for the majority of Bibb County's patent output.
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 originated from inventors located in Bibb County, Alabama.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides valuable insights into the innovative output and technological competitiveness of a regional economy, which is crucial information for policymakers, researchers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Utility patent data is used by economic development agencies, policymakers, and businesses to analyze local innovation ecosystems and inform strategies for supporting technological advancement and competitiveness.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in the availability of the most recent patent data due to the time required for patent applications to be processed and published.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bibb County, AL (PATENTCOUNTY01007), retrieved from FRED.