U.S. Granted Utility Patents Originating in Floyd County, KY
PATENTCOUNTY21071 • 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 Floyd County, KY' metric tracks the number of utility patents granted to inventors from Floyd County, Kentucky. This provides insight into the level of innovative activity and technological development in the 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 are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating from a given county can indicate the relative level of technological innovation and R&D activity occurring in that local area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tracked by county of origin for granted utility patents.
Historical Context
Policymakers and economic development officials may use this metric to evaluate the competitiveness and technological dynamism of a region.
Key Facts
- Patents originating from Floyd County, KY peaked in 2015.
- The county ranks in the bottom 10% nationally for utility patents per capita.
- Utility patents from Floyd County make up less than 0.01% of the U.S. total.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors from Floyd County, Kentucky. Utility patents cover new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: The level of utility patenting activity in a region can indicate the relative pace of technological innovation and R&D occurring there, which is an important factor for economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tracked by the county of origin for granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials may use this metric to evaluate the technological competitiveness and innovation capacity of a local or regional economy.
Q: Are there update delays or limitations?
A: There may be a lag of several months between when patents are granted and when the county-level data is published and made available.
Similar PATENTCOUNTY Trends
U.S. Granted Patents: Total Patents Originating in the British Virgin Islands
PATENT4NVGTOTAL
U.S. Granted Utility Patents Originating in Mount Vernon-Anacortes, WA (MSA)
PATENTCBSA134580
U.S. Granted Patents: Reissue Patents Originating in North Korea
PATENT4NKPREISSUE
U.S. Granted Patents: Reissue Patents Originating in Saint Barthelemy
PATENT4NBLREISSUE
U.S. Granted Patents: Plant Patents Originating in West Bank/Gaza
PATENT4NPSPLANT
U.S. Granted Utility Patents Originating in Saint Thomas County, VI
PATENTCOUNTY78030
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Floyd County, KY (PATENTCOUNTY21071), retrieved from FRED.