U.S. Granted Utility Patents Originating in Boone County, IL
PATENTCOUNTY17007 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-23.08%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Boone County, IL' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Boone County, Illinois. This metric provides insight into the innovative activity and technological development within a specific geographic 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, processes, or improvements. Tracking the number of utility patents originating from a particular county can indicate the level of technological innovation and entrepreneurship in that local economy.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of regional economies.
Key Facts
- Boone County, IL is home to several major manufacturing and technology companies.
- Patent activity reflects Boone County's focus on advanced manufacturing and R&D.
- The region's utility patent counts have seen steady growth over the past decade.
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 were filed by inventors located in Boone County, Illinois.
Q: Why is this trend relevant for users or analysts?
A: Monitoring utility patent activity in a specific geographic region provides insight into the level of technological innovation and entrepreneurship in the local economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate the innovative capacity and competitiveness of the Boone County regional economy.
Q: Are there update delays or limitations?
A: The data is published with a lag as it relies on patent approval records from the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Boone County, IL (PATENTCOUNTY17007), retrieved from FRED.