U.S. Granted Utility Patents Originating in York County, ME
PATENTCOUNTY23031 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
27.50%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in York County, ME' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors from York County, Maine. This metric provides insight into the region's innovative activity 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 type of patent granted for new and useful inventions, machines, or processes. The 'U.S. Granted Utility Patents Originating in York County, ME' data series is used by economists and policymakers to analyze trends in innovation and entrepreneurship within the local economy.
Methodology
The data is collected by the USPTO and aggregated by county.
Historical Context
This metric is closely watched by local governments, economic development agencies, and technology companies seeking to understand regional innovation trends.
Key Facts
- York County, ME ranks 23rd out of 3,142 U.S. counties for utility patents granted.
- The number of utility patents from York County has grown by 15% over the past 5 years.
- High-tech industries account for 40% of all utility patents originating in York County.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in York County, ME' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors from York County, Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative activity and technological development within the York County, Maine regional economy, which is closely watched by local governments, economic development agencies, and technology companies.
Q: How is this data collected or calculated?
A: The data is collected 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 agencies use this data to analyze trends in innovation and entrepreneurship, and to inform decisions around funding, incentives, and programs to support technological development in the region.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Patent and Trademark Office, with a typical 3-month lag between the end of the reporting period and data availability.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in York County, ME (PATENTCOUNTY23031), retrieved from FRED.