U.S. Granted Utility Patents Originating in Shelby County, KY
PATENTCOUNTY21211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-54.55%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Shelby County, KY' trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Shelby County, Kentucky. This metric provides insight into regional innovation and technological development.
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 the invention of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating in a specific county can indicate the relative level of technological and entrepreneurial activity in that local economy.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's administrative records.
Historical Context
Policymakers and economic development officials often use this metric to assess a region's innovation capacity and competitiveness.
Key Facts
- Shelby County, KY ranks 135th among U.S. counties for total utility patents granted.
- Utility patents originating in Shelby County have increased by 25% over the past decade.
- The top patenting industries in Shelby County are automotive, agricultural equipment, and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Shelby County, KY' trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Shelby County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of technological innovation and entrepreneurial activity in the Shelby County, Kentucky regional economy, which is useful for policymakers, economic development officials, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the administrative records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use this metric to assess a region's innovation capacity and competitiveness in order to inform strategies for fostering technological growth and entrepreneurship.
Q: Are there update delays or limitations?
A: There can be lags of several months between when a patent is granted and when it is reflected in the published data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Shelby County, KY (PATENTCOUNTY21211), retrieved from FRED.