U.S. Granted Utility Patents Originating in Volusia County, FL
PATENTCOUNTY12127 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
21.57%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Volusia County, FL' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Volusia County, Florida. This metric is an important indicator of innovation and technological progress within the county.
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 a type of patent granted for new and useful inventions. This series provides insight into the innovative capacity and research & development activities occurring in Volusia County, a key economic region in Florida. Policymakers and analysts use this data to evaluate the county's competitiveness and potential for future growth.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This patent data is used to assess Volusia County's position within regional and national innovation landscapes.
Key Facts
- Volusia County is home to Embry-Riddle Aeronautical University, a leading aviation and aerospace research institution.
- Patent activity in Volusia County has grown steadily over the past decade.
- Florida ranks 4th among U.S. states for total patents granted.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Volusia County, Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and research & development activities occurring in Volusia County, a key economic region in Florida. Policymakers and analysts use this data to evaluate the county's competitiveness and potential for future growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This patent data is used to assess Volusia County's position within regional and national innovation landscapes, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: Patent data may have a lag of several months between the time a patent is granted and when it is reported in this series.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Volusia County, FL (PATENTCOUNTY12127), retrieved from FRED.