U.S. Granted Utility Patents Originating in Lawrence County, KY
PATENTCOUNTY21127 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lawrence County, KY' trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors located in Lawrence 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 economic indicator tracks the innovative output of a specific geographic region, providing insight into its technological and entrepreneurial activity. Patent data is a widely used proxy for innovation and commercialization of new ideas and inventions.
Methodology
The data is collected from official U.S. patent records and aggregated by the inventor's location.
Historical Context
Policymakers and economic development agencies use this metric to assess the innovative capacity and competitiveness of local economies.
Key Facts
- Lawrence County, KY is home to a population of approximately 15,000 people.
- The county has a mix of manufacturing, agriculture, and service-based industries.
- Patent activity is often concentrated in urban or suburban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors located in Lawrence County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a widely used proxy for innovation and entrepreneurial activity, so this trend provides insight into the technological and innovative capacity of the Lawrence County economy.
Q: How is this data collected or calculated?
A: The data is collected from official U.S. patent records and aggregated by the inventor's location.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovative capacity and competitiveness of the Lawrence County economy, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the latest patent data due to the processing time required by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lawrence County, KY (PATENTCOUNTY21127), retrieved from FRED.