U.S. Granted Utility Patents Originating in Mitchell County, GA
PATENTCOUNTY13205 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Mitchell County, GA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Mitchell County, Georgia. This metric provides insight into the innovative activity and technological progress 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
Utility patents are a type of patent granted for new and useful inventions, designs, or improvements. The number of utility patents originating from a specific county can indicate the level of technological innovation and entrepreneurship in that local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Policymakers and economic development organizations often use patent data to evaluate a region's competitiveness and identify opportunities for growth.
Key Facts
- Mitchell County, GA had 12 utility patents granted in 2021.
- Patent activity in the county has increased by 25% over the past 5 years.
- The top technology areas for patents from Mitchell County are agriculture and manufacturing.
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 Mitchell County, Georgia.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents in a region indicates the level of technological innovation and entrepreneurial activity, which are important drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use patent data to evaluate a region's competitiveness and identify opportunities for growth and investment.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in the reporting of patent data due to the application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Mitchell County, GA (PATENTCOUNTY13205), retrieved from FRED.