U.S. Granted Utility Patents Originating in Grant County, KY
PATENTCOUNTY21081 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Grant County, KY' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Grant County, Kentucky. This metric provides insight into the innovation and technological activity 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 granted for new and useful inventions, processes, or improvements. Tracking the patents originating from a specific county allows policymakers and analysts to monitor the local innovation ecosystem and economic development trends.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county of origin.
Historical Context
This metric is used to assess regional innovation and competitiveness, which can inform economic development strategies and policies.
Key Facts
- Grant County, KY had 31 utility patents originate in 2021.
- Patent activity in Grant County has increased by 15% over the past 5 years.
- Utility patents are a key driver of technological progress and economic growth.
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 originate from Grant County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity at the county level provides insight into the local innovation ecosystem and can inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and tabulated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess regional innovation, competitiveness, and economic growth potential.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current state of patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Grant County, KY (PATENTCOUNTY21081), retrieved from FRED.