U.S. Granted Utility Patents Originating in Brevard County, FL
PATENTCOUNTY12009 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
450.00
Year-over-Year Change
53.58%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Brevard County, FL' trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from Brevard County, Florida. This metric is a key indicator of technological innovation and entrepreneurial activity within the region.
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
Utility patents are issued for new and useful inventions, processes, or improvements. The Brevard County metric tracks the volume of patented innovations coming from this technology-focused area, which is home to major aerospace and technology companies. This data offers insights into the region's research, development, and commercialization of new products and services.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess Brevard County's innovation ecosystem and competitiveness.
Key Facts
- Brevard County is home to the Kennedy Space Center.
- Patents are a key driver of economic growth and new job creation.
- Florida ranks 4th nationally for total utility patents issued.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from Brevard County, Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the technological innovation and entrepreneurial activity within the Brevard County region, which is a key indicator of economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess Brevard County's innovation ecosystem and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all patents due to the multi-year patent application and review process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Brevard County, FL (PATENTCOUNTY12009), retrieved from FRED.