U.S. Granted Utility Patents Originating in Hart County, KY
PATENTCOUNTY21099 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hart County, KY' metric tracks the number of utility patents granted annually for inventions originating from this Kentucky county. This data point provides insights into local innovation and entrepreneurial activity.
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 intellectual property right granted by the U.S. Patent and Trademark Office for new and useful inventions. This series records the number of utility patents awarded to inventors residing in Hart County, Kentucky, offering a measure of the region's technological and economic development.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Utility patent data is widely used by economists and policymakers to evaluate regional innovation, technology competitiveness, and entrepreneurial climate.
Key Facts
- Hart County, KY is home to several major manufacturing facilities.
- Patent activity in the county has grown steadily over the past decade.
- The region's utility patent grants are above the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted annually for inventions originating from Hart County, Kentucky. Utility patents are a key indicator of local innovation and entrepreneurial activity.
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides valuable insights into the technological and economic development of a region. This information is used by economists, policymakers, and businesses to assess competitiveness, guide investment, and inform economic strategies.
Q: How is this data collected or calculated?
A: The data is collected and published by the United States Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Utility patent statistics are widely used by economists and policymakers to evaluate regional innovation, technology competitiveness, and entrepreneurial activity. This information informs economic development strategies, investment decisions, and policy interventions.
Q: Are there update delays or limitations?
A: The U.S. Patent and Trademark Office publishes this data on an annual basis, with a typical 1-year delay from the reference year.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hart County, KY (PATENTCOUNTY21099), retrieved from FRED.