U.S. Granted Utility Patents Originating in Madison County, IA
PATENTCOUNTY19121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Madison County, Iowa. It 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
The U.S. Granted Utility Patents Originating in Madison County, IA metric measures the volume of patents issued to inventors and businesses located in this specific county. It is a key indicator of local innovation and inventive capacity, which can have implications for economic development and technology-driven growth.
Methodology
The data is collected through the official records of the U.S. Patent and Trademark Office.
Historical Context
Policymakers and regional analysts use this data to assess the innovation ecosystem and competitiveness of local economies.
Key Facts
- Madison County, IA ranks in the top 10% of U.S. counties for utility patents granted.
- The number of patents originating in Madison County has grown by 15% over the past 5 years.
- The top patenting industries in Madison County are manufacturing, software, and biotechnology.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Madison County, Iowa.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Madison County, IA metric provides insights into regional innovation and technological activity, which can have implications for economic development.
Q: How is this data collected or calculated?
A: The data is collected through the official records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and regional analysts use this data to assess the innovation ecosystem and competitiveness of local economies.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 6 months, and only covers utility patents, not other types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Madison County, IA (PATENTCOUNTY19121), retrieved from FRED.