U.S. Granted Utility Patents Originating in Simpson County, KY
PATENTCOUNTY21213 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Simpson County, KY' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Simpson County, Kentucky. This trend 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 a key indicator of invention and technological progress. This series tracks the volume of utility patents granted to inventors or organizations based in Simpson County, Kentucky, offering a localized view of innovation activity.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
This patent data is used by economists, policymakers, and regional development authorities to assess the innovative capacity and competitiveness of local economies.
Key Facts
- Simpson County, KY had 45 utility patents granted in 2020.
- Patent volume has grown by 15% in Simpson County over the past 5 years.
- The largest share of patents originate from the manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Simpson County, KY' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Simpson County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This patent data provides insight into the innovation and technological development occurring within Simpson County, Kentucky, which is useful for economists, policymakers, and regional authorities assessing the competitiveness of the local economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and regional development authorities use this patent data to evaluate the innovative capacity and competitiveness of the Simpson County economy, informing economic policies and initiatives to support technological progress and entrepreneurship.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent patent data due to the time required for the USPTO to process and publish new grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Simpson County, KY (PATENTCOUNTY21213), retrieved from FRED.