U.S. Granted Utility Patents Originating in Tuscaloosa County, AL
PATENTCOUNTY01125 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
300.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tuscaloosa County, AL' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed from inventors located in Tuscaloosa 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 series provides insight into the innovation and technological development occurring within Tuscaloosa County, Alabama. It is a useful indicator of local entrepreneurship, research and development, and intellectual property creation.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed address of the patent inventor.
Historical Context
Policymakers and economic development officials can use this data to assess the innovative capacity and competitiveness of the Tuscaloosa County economy.
Key Facts
- Tuscaloosa County ranks 5th in Alabama for utility patents granted.
- Patent activity has grown by 15% in Tuscaloosa County over the past decade.
- The top technology fields for Tuscaloosa patents are engineering, chemicals, and computer science.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Tuscaloosa County, Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the innovation and technological development occurring within Tuscaloosa County, which is a useful indicator of local entrepreneurship, research and development, and intellectual property creation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed address of the patent inventor.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials can use this data to assess the innovative capacity and competitiveness of the Tuscaloosa County economy.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data due to the application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tuscaloosa County, AL (PATENTCOUNTY01125), retrieved from FRED.