U.S. Granted Utility Patents Originating in Blackford County, IN
PATENTCOUNTY18009 • 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 Blackford County, IN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Blackford County, Indiana.
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 local innovation and intellectual property activity within Blackford County, a rural county in east-central Indiana. Utility patents are a key metric of technological progress and represent commercially viable inventions.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Policymakers and economic development officials use this metric to assess the entrepreneurial climate and scientific research capabilities of local communities.
Key Facts
- Blackford County has a population of just over 12,000 people.
- In 2021, 24 utility patents originated from Blackford County.
- The county's patent output has increased by 20% over the past 5 years.
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 to inventors residing in Blackford County, Indiana.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of local innovation and technological progress, providing insights into the entrepreneurial climate and scientific research capabilities of Blackford County.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials use this metric to assess the innovative potential of Blackford County and inform strategies for supporting local businesses and entrepreneurs.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data, as patent applications can take time to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Blackford County, IN (PATENTCOUNTY18009), retrieved from FRED.