U.S. Granted Utility Patents Originating in Kennebec County, ME
PATENTCOUNTY23011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Kennebec County, ME' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Kennebec County, Maine.
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 provides insights into the innovation and technological activity in Kennebec County, a region known for its contributions to fields like engineering, biotech, and information technology. It is used by policymakers, economists, and business analysts to understand regional trends in intellectual property creation and commercialization.
Methodology
The data is collected through the administrative records of the U.S. Patent and Trademark Office.
Historical Context
Trends in granted patents can inform decisions around economic development, workforce planning, and investments in research and development.
Key Facts
- Kennebec County, ME is home to several major tech and engineering firms.
- Patent activity is a leading indicator of innovation and technological progress.
- The U.S. issued over 300,000 utility patents in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Kennebec County, Maine.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of innovation and technological progress within a region, which is crucial information for policymakers, economic developers, and business decision-makers.
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: Trends in patenting activity can inform decisions around economic development strategies, workforce planning, and investments in research and development.
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 this data series.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Kennebec County, ME (PATENTCOUNTY23011), retrieved from FRED.