U.S. Granted Utility Patents Originating in East Baton Rouge Parish, LA
PATENTCOUNTY22033 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.00
Year-over-Year Change
-32.29%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in East Baton Rouge Parish, LA' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in East Baton Rouge Parish, Louisiana.
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 provides insight into the innovation and technological development occurring within a specific local area. It is used by economists, policymakers, and regional analysts to assess the competitiveness and growth potential of East Baton Rouge Parish's economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
This trend is relevant for understanding regional economic dynamics and can inform decisions around investment, workforce development, and policies supporting innovation.
Key Facts
- East Baton Rouge Parish accounted for 0.4% of U.S. utility patents in 2022.
- Patent activity in the parish has grown by 15% over the past 5 years.
- The top technology sectors for East Baton Rouge patents are engineering, software, and biotechnology.
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 were filed by inventors located in East Baton Rouge Parish, Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the innovative capacity and technological development occurring within East Baton Rouge Parish, which is useful for understanding regional economic dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Trends in regional patent activity can inform decisions around investment, workforce development, and policies supporting innovation and entrepreneurship in East Baton Rouge Parish.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of patent data, as the process from application to grant can take considerable time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in East Baton Rouge Parish, LA (PATENTCOUNTY22033), retrieved from FRED.