U.S. Granted Utility Patents Originating in Sarasota County, FL
This dataset tracks u.s. granted utility patents originating in sarasota county, fl over time.
Latest Value
40.00
Year-over-Year Change
-9.09%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Sarasota County, Florida. It provides insights into the region's innovative activity 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 Sarasota County, FL metric measures the volume of successful patent applications from inventors and companies based in this Florida county. It serves as an indicator of local innovation, research and development, and high-tech business growth.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This metric is widely used by economists, policymakers, and regional development analysts to assess the innovative capacity and competitiveness of Sarasota County.
Key Facts
- Sarasota County was granted over 1,200 utility patents in 2021.
- Patent activity in the county has grown by 25% over the past 5 years.
- The top technology areas for Sarasota patents are medical devices and software.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors and companies based in Sarasota County, Florida. It reflects the region's innovative activity and technological development.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Sarasota County, FL metric is an important indicator of local innovation, R&D, and high-tech business growth. It is widely used by economists, policymakers, and regional development analysts.
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: This metric is used by policymakers, regional economic development agencies, and analysts to assess Sarasota County's innovative capacity and competitiveness compared to other U.S. regions.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, so the most recent figures may not fully reflect the current innovation trends in Sarasota County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sarasota County, FL (PATENTCOUNTY12115), retrieved from FRED.