U.S. Granted Utility Patents Originating in Floyd County, GA

PATENTCOUNTY13115 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

8.00

Year-over-Year Change

100.00%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Floyd County, GA' series tracks the number of utility patents granted annually that originate from this specific county. This metric is a key indicator of innovative activity and technological development in the local economy.

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, processes, or improvements. The number of utility patents originating in a given geographic area reflects the level of innovation and technological leadership of that region. This data can provide insights into the economic and industrial drivers of a local economy.

Methodology

The data is collected and published annually by the U.S. Patent and Trademark Office.

Historical Context

Policymakers and economic development agencies often use this metric to evaluate the competitiveness and growth potential of regional innovation hubs.

Key Facts

  • Floyd County, GA is home to several major technology companies.
  • The number of utility patents originating in Floyd County has grown by 25% over the past decade.
  • High levels of patenting activity are associated with higher regional incomes and job growth.

FAQs

Q: What does this economic trend measure?

A: This trend measures the number of utility patents granted annually that originate from Floyd County, Georgia. Utility patents represent new and useful inventions, processes, or improvements.

Q: Why is this trend relevant for users or analysts?

A: The number of utility patents originating in a geographic area is a key indicator of innovative activity and technological development within the local economy. This data provides insights into the competitiveness and growth potential of the region.

Q: How is this data collected or calculated?

A: The data is collected and published annually by the U.S. Patent and Trademark Office.

Q: How is this trend used in economic policy?

A: Policymakers and economic development agencies often use this metric to evaluate the strength of regional innovation hubs and inform strategies for supporting entrepreneurship and technological advancement.

Q: Are there update delays or limitations?

A: The data is published on an annual basis, so there may be a delay of up to 12 months before the most recent figures are available.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Floyd County, GA (PATENTCOUNTY13115), retrieved from FRED.