U.S. Granted Utility Patents Originating in Hardin County, KY
PATENTCOUNTY21093 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-38.46%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hardin County, KY' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Hardin County, Kentucky.
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 series provides insights into the innovative activity and technological development happening within a specific geographic region. It helps economists and policymakers understand regional innovation dynamics and the drivers of economic growth at the local level.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated based on the location of the first-named inventor on each granted utility patent.
Historical Context
This indicator is used to assess the innovation capacity and competitiveness of local economies.
Key Facts
- Hardin County, KY is home to approximately 110,000 residents.
- In 2021, 84 utility patents originated from Hardin County.
- Patent activity in Hardin County has grown by 12% over the past 5 years.
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 originated from inventors located in Hardin County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the innovative capacity and technological development happening within a specific geographic region, which is valuable for economists and policymakers assessing local economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tabulated based on the location of the first-named inventor on each granted utility patent.
Q: How is this trend used in economic policy?
A: This indicator is used by economists, policymakers, and local development agencies to evaluate the innovation capacity and competitiveness of regional economies, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a several month delay in reporting new patent data as the USPTO processes and publishes information on granted patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hardin County, KY (PATENTCOUNTY21093), retrieved from FRED.