U.S. Granted Utility Patents Originating in Caddo Parish, LA
PATENTCOUNTY22017 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
6.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Caddo Parish, LA' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Caddo Parish, Louisiana. This metric is an important indicator of regional innovation and economic 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
This data series tracks the number of utility patents granted to inventors and companies based in Caddo Parish, Louisiana. Utility patents protect new and useful inventions, and their volume is a key measure of technological advancement and entrepreneurial activity within a geographic area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Policy makers and economic development organizations use this metric to assess the innovation capacity and competitiveness of Caddo Parish and the surrounding region.
Key Facts
- Caddo Parish is home to over 250,000 residents.
- The parish's largest city is Shreveport, Louisiana.
- Patents originating in Caddo Parish have grown by 15% over the past decade.
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 originate from Caddo Parish, Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The volume of utility patents granted in a geographic area is a key indicator of regional innovation and entrepreneurial activity, making this metric relevant for policymakers, economic development organizations, and analysts studying a region's competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly by the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovation capacity and competitiveness of Caddo Parish and the surrounding region, informing strategies to foster entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: There can be lags of several months between when patents are granted and when the data is published, and the data is limited to utility patents, excluding other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Caddo Parish, LA (PATENTCOUNTY22017), retrieved from FRED.