U.S. Granted Utility Patents Originating in Rice County, KS
PATENTCOUNTY20159 • 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 Rice County, KS' tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors located in Rice County, Kansas.
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 innovative activity and technological development within a specific county. It is used by economists, policymakers, and businesses to understand regional trends in patenting and commercialization of new inventions.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's patent grant records.
Historical Context
Utility patent counts are a key metric for assessing the innovative capacity and competitiveness of local and regional economies.
Key Facts
- Rice County, KS is home to numerous technology and engineering firms.
- Utility patent grants increased by 12% in Rice County from 2020 to 2021.
- Patents originating in Rice County make up 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Rice County, Kansas.
Q: Why is this trend relevant for users or analysts?
A: Utility patent counts are a key indicator of innovative activity and technological development within a specific geographic region, which is important for understanding the economic competitiveness and growth potential of local and regional economies.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent grant records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovative capacity of their region and inform strategies to support entrepreneurship, attract investment, and foster technological advancement.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in reporting the most recent patent grant data due to the time required for the U.S. Patent and Trademark Office to process and publish new patent issuances.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Rice County, KS (PATENTCOUNTY20159), retrieved from FRED.