U.S. Granted Utility Patents Originating in Miami-Dade County, FL
This dataset tracks u.s. granted utility patents originating in miami-dade county, fl over time.
Latest Value
371.00
Year-over-Year Change
63.44%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Miami-Dade County, Florida. It serves as an indicator of innovation and entrepreneurship in 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
The U.S. Granted Utility Patents Originating in Miami-Dade County, FL metric tracks the volume of successful patent applications filed by inventors and companies located in this major metropolitan area. Patent counts are a key metric used by economists and policymakers to assess the relative innovation capacity of different regions.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend can inform regional economic development strategies and investments aimed at fostering a robust innovation ecosystem.
Key Facts
- Miami-Dade County is a major innovation hub in the southeastern U.S.
- Patent counts are a leading indicator of technological progress and competitiveness.
- The region's patent trends can inform economic policies and development initiatives.
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 companies located in Miami-Dade County, Florida.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a key indicator of innovation and entrepreneurial activity in a regional economy, which is crucial information for economic development, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development organizations can use this data to assess the innovation capacity of the Miami-Dade County area and inform strategies to foster a robust, competitive innovation ecosystem.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest patent data due to the administrative processes involved, but the U.S. Patent and Trademark Office provides timely updates on a regular basis.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Miami-Dade County, FL (PATENTCOUNTY12086), retrieved from FRED.