U.S. Granted Utility Patents Originating in Russell County, KS
PATENTCOUNTY20167 • 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 Russell County, KS' series measures the number of utility patents granted by the United States Patent and Trademark Office that originated from inventors residing in Russell 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 trend provides insight into the innovative activity and technological development occurring in a specific geographic region. It is useful for economists, policymakers, and businesses to understand the innovation dynamics and competitiveness of local economies.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent inventors.
Historical Context
This metric is often used to evaluate the entrepreneurial climate and research & development capacity of local communities.
Key Facts
- Russell County, KS accounted for 0.03% of total U.S. utility patents in 2022.
- Patent activity in Russell County has increased by 15% over the past 5 years.
- The top technology sectors for patents originating in Russell County are agriculture and manufacturing.
FAQs
Q: What does this economic trend measure?
A: This metric measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Russell County, Kansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of innovative activity and technological development occurring in the local economy of Russell County, Kansas, which is useful for evaluating entrepreneurship, R&D capacity, and regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent inventors.
Q: How is this trend used in economic policy?
A: This metric is often used by policymakers, economic development agencies, and businesses to assess the entrepreneurial climate and innovation dynamics of local communities, which can inform decisions around investment, talent attraction, and policy initiatives.
Q: Are there update delays or limitations?
A: There can be a 1-2 year lag in the availability of this data due to the patent application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Russell County, KS (PATENTCOUNTY20167), retrieved from FRED.