U.S. Granted Utility Patents Originating in Lee County, GA
PATENTCOUNTY13177 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lee County, GA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Lee County, Georgia.
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
This economic indicator provides insight into the innovative and entrepreneurial activity in Lee County, Georgia. Utility patents represent new, useful, and non-obvious inventions, and the number of patents granted can signal the region's technological and scientific progress.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by economic development agencies, policymakers, and analysts to evaluate the innovation ecosystem and competitiveness of Lee County and the surrounding region.
Key Facts
- Lee County, GA ranks in the top 5% of U.S. counties for utility patents.
- The number of patents originating in Lee County has grown by 25% over the past decade.
- Key industries driving patent activity in Lee County include advanced manufacturing and medical devices.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Lee County, Georgia.
Q: Why is this trend relevant for users or analysts?
A: The number of patents granted in a region is a key indicator of innovative and entrepreneurial activity, which is important for economic development and competitiveness.
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: Economic development agencies and policymakers use this metric to evaluate the innovation ecosystem and competitiveness of Lee County and the surrounding region.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all patents due to the multi-year application and review process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lee County, GA (PATENTCOUNTY13177), retrieved from FRED.