U.S. Granted Utility Patents Originating in Phillips County, CO
PATENTCOUNTY08095 • 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 Phillips County, CO' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Phillips County, Colorado.
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 indicator provides insight into the innovative and entrepreneurial activity occurring in Phillips County, a rural region of Colorado. Patent counts are a proxy for technological advancement and can signal emerging areas of industry focus or commercial opportunity within the local economy.
Methodology
The data is collected and tabulated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
Policymakers and economic development agencies may use this metric to understand regional innovation trends and guide investments or programs.
Key Facts
- Phillips County, CO had 7 utility patents granted in 2021.
- Patent volumes in the county have grown 12% annually over the past decade.
- The top technology categories for Phillips County patents are agriculture and energy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Phillips County, Colorado.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a proxy for technological innovation and entrepreneurial activity within a regional economy, providing insights into emerging industries and commercial opportunities.
Q: How is this data collected or calculated?
A: The data is collected and tabulated by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies may use this metric to understand regional innovation trends and guide investments or programs to support entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the administrative patent application and granting process, and the data only reflects utility patents, not other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Phillips County, CO (PATENTCOUNTY08095), retrieved from FRED.