U.S. Granted Utility Patents Originating in Montgomery County, AL
PATENTCOUNTY01101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
22.22%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of granted utility patents originating in Montgomery County, Alabama. It provides insights into the region's 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
The U.S. Granted Utility Patents Originating in Montgomery County, AL metric measures the number of utility patents awarded to inventors and innovators based in Montgomery County. This data is used to analyze the county's technological and scientific output, as well as its role in the broader U.S. innovation ecosystem.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is closely watched by policymakers, economic development agencies, and business leaders to gauge the region's competitiveness and attractiveness for high-tech industries.
Key Facts
- Montgomery County averaged 56 granted utility patents per year from 2010-2020.
- The county's patent grants peaked at 72 in 2019.
- Alabama accounts for less than 1% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and innovators based in Montgomery County, Alabama. Utility patents protect new and useful inventions or processes.
Q: Why is this trend relevant for users or analysts?
A: The number of granted utility patents in a region is a key indicator of its technological and innovative capacity. This data is closely watched by policymakers, businesses, and economic development agencies to gauge a region's competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, which tracks all utility patent grants in the United States.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to identify regional innovation hubs, allocate resources for R&D, and implement policies to attract high-tech industries and investment.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the reporting of utility patent data, as the patent application and granting process can take time. Additionally, the data only covers utility patents and does not include other types of intellectual property protection.
Similar PATENTCOUNTY Trends
U.S. Granted Patents: Plant Patents Originating in South Carolina
PATENTUSSCPLANT
U.S. Granted Utility Patents Originating in Austin-Round Rock-San Marcos, TX (MSA)
PATENTCBSA112420
U.S. Granted Utility Patents Originating in Fayette County, OH
PATENTCOUNTY39047
U.S. Granted Patents: Plant Patents Originating in California
PATENTUSCAPLANT
U.S. Granted Patents: Total Patents Originating in Uganda
PATENT4NUGTOTAL
U.S. Granted Utility Patents Originating in Binghamton, NY (MSA)
PATENTCBSA113780
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Montgomery County, AL (PATENTCOUNTY01101), retrieved from FRED.