U.S. Granted Utility Patents Originating in Boone County, KY
PATENTCOUNTY21015 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
154.55%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Boone County, KY' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Boone County, Kentucky. This measure provides insight into the innovative activity and technological development within a specific regional economy.
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, machines, or compositions of matter. The number of utility patents originating in a given county is an indicator of the local area's capacity for technological innovation and commercialization of new ideas.
Methodology
The data is collected by the U.S. Patent and Trademark Office and categorized by the county of the patent applicant's residence.
Historical Context
Tracking regional patent data can inform economic development policies and strategies to support entrepreneurship and technology-driven growth.
Key Facts
- Boone County is located in northern Kentucky, near Cincinnati, Ohio.
- Patents are a key indicator of technological innovation and commercialization.
- The data is sourced from the U.S. Patent and Trademark Office.
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 were filed by inventors residing in Boone County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating in a specific county provides insight into the local area's capacity for technological innovation and commercial development of new ideas.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and categorized by the county of the patent applicant's residence.
Q: How is this trend used in economic policy?
A: Tracking regional patent data can inform economic development policies and strategies to support entrepreneurship and technology-driven growth in a specific area.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, as it takes time for the U.S. Patent and Trademark Office to process and categorize patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Boone County, KY (PATENTCOUNTY21015), retrieved from FRED.