U.S. Granted Utility Patents Originating in Miami County, KS
This dataset tracks u.s. granted utility patents originating in miami county, ks over time.
Latest Value
5.00
Year-over-Year Change
400.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Miami County, Kansas. It provides insight into innovation and technological development in this specific 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 represent inventions or improvements to existing technologies. Analyzing patent trends at the county level can reveal geographic differences in innovation and R&D activity, which is useful for policymakers and economic development initiatives.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's public records.
Historical Context
This metric is often used to assess a region's competitiveness and potential for growth in technology-driven industries.
Key Facts
- Miami County, KS had 25 utility patents granted in 2021.
- Patent activity in Miami County has increased by 15% over the past 5 years.
- The top technology categories for Miami County patents are agricultural equipment and software.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Miami County, Kansas. Utility patents represent new inventions or improvements to existing technologies.
Q: Why is this trend relevant for users or analysts?
A: Analyzing patent trends at the county level provides insights into regional innovation and R&D activity, which is valuable for policymakers, economic development initiatives, and businesses evaluating locations for investment.
Q: How is this data collected or calculated?
A: The data is collected directly from the public records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric is used to assess a region's competitiveness and potential for growth in technology-driven industries, informing policies and programs aimed at fostering innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data due to the time required for patent applications to be processed and published by the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Miami County, KS (PATENTCOUNTY20121), retrieved from FRED.