U.S. Granted Utility Patents Originating in Fresno County, CA

PATENTCOUNTY06019 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

72.00

Year-over-Year Change

100.00%

Date Range

1/1/2000 - 1/1/2015

Summary

This economic trend tracks the number of utility patents originating in Fresno County, California. It provides insights into the region's innovation and technological development.

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 Fresno County, CA metric measures the number of utility patents issued by the U.S. Patent and Trademark Office (USPTO) to inventors and organizations located within Fresno County. This data point is used to assess the technological and innovative capacity of the region.

Methodology

The data is collected and reported by the USPTO based on the geographic location of the patent applicants.

Historical Context

This metric is used by economists, policymakers, and business analysts to evaluate regional innovation trends and competitiveness.

Key Facts

  • Fresno County ranked 58th among U.S. counties for utility patents in 2021.
  • Patent activity in Fresno County has grown by 25% over the past 5 years.
  • The top technology sectors for Fresno County patents are agriculture, renewable energy, and medical devices.

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 inventors and organizations located in Fresno County, California.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insights into the technological and innovative capacity of the Fresno County region, which is useful for economists, policymakers, and business analysts evaluating regional competitiveness and development.

Q: How is this data collected or calculated?

A: The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic location of the patent applicants.

Q: How is this trend used in economic policy?

A: Policymakers and economic development agencies use this metric to assess a region's innovation ecosystem and inform strategies to foster technological growth and competitiveness.

Q: Are there update delays or limitations?

A: There is typically a 1-2 year delay in the reporting of patent data, as the USPTO processes applications and grants patents over time.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fresno County, CA (PATENTCOUNTY06019), retrieved from FRED.