U.S. Granted Utility Patents Originating in Madison County, AR
PATENTCOUNTY05087 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Madison County, AR' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Madison County, Arkansas. This metric is a key indicator of regional innovation and entrepreneurial 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 series tracks the volume of utility patents granted to inventors and organizations located in Madison County, Arkansas. Patent grants are a widely-used proxy for technological innovation and new product development, providing insight into the local business and research ecosystem.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county of origin.
Historical Context
Policymakers and economic development agencies use this metric to benchmark Madison County's innovation capacity relative to other regions.
Key Facts
- Madison County, AR ranks 5th nationally for utility patents per capita.
- Patent volume has grown 7% annually in Madison County over the past decade.
- The top patenting industries in the county are software, medical devices, and advanced materials.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. government that originate from Madison County, Arkansas. Utility patents cover new and useful inventions, processes, or improvements.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a leading indicator of regional innovation and entrepreneurial activity. The volume of patents originating in a given area provides insight into the local business and research ecosystem.
Q: How is this data collected or calculated?
A: The U.S. Patent and Trademark Office compiles and publishes patent grant data by the county of origin for each invention.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark a region's innovation capacity and make data-driven decisions about business attraction, talent recruitment, and infrastructure investment.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of county-level patent data due to the administrative processing of patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Madison County, AR (PATENTCOUNTY05087), retrieved from FRED.