U.S. Granted Utility Patents Originating in Calhoun County, IA

PATENTCOUNTY19025 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.00

Year-over-Year Change

N/A%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Calhoun County, IA' metric tracks the number of utility patents granted to inventors located in Calhoun County, Iowa. This metric provides insights into regional innovation and technological activity.

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 patents originating from a specific county can indicate the level of innovative activity and technological development in that local economy.

Methodology

The data is compiled by the U.S. Patent and Trademark Office from patent application records.

Historical Context

Patent data is used by economists and policymakers to assess regional competitiveness and guide economic development strategies.

Key Facts

  • Calhoun County, IA had 7 utility patents granted in 2021.
  • Patents originating in Calhoun County have grown by 20% over the past 5 years.
  • Iowa ranks 30th among U.S. states for total utility patents granted.

FAQs

Q: What does this economic trend measure?

A: This metric tracks the number of utility patents granted to inventors located in Calhoun County, Iowa. Utility patents are a type of patent granted for new and useful inventions, processes, or improvements.

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

A: Monitoring patent data can provide insights into the level of innovative activity and technological development in a local economy, which is valuable information for economists, policymakers, and businesses.

Q: How is this data collected or calculated?

A: The data is compiled by the U.S. Patent and Trademark Office from patent application records.

Q: How is this trend used in economic policy?

A: Patent data is used by economists and policymakers to assess regional competitiveness and guide economic development strategies, such as identifying areas for targeted investment or support for innovation.

Q: Are there update delays or limitations?

A: There may be lags in the reporting of patent data, as the process from application to grant can take several years. Additionally, the data only reflects patents originating in Calhoun County and does not capture innovation activity outside of the patenting process.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Calhoun County, IA (PATENTCOUNTY19025), retrieved from FRED.