U.S. Granted Utility Patents Originating in Barry County, MI
This dataset tracks u.s. granted utility patents originating in barry county, mi over time.
Latest Value
18.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Barry County, MI' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Barry County, Michigan.
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 insight into the innovative activity and technological development within Barry County, an important indicator of the region's economic competitiveness and capacity for future growth. Patents are a key measure of technological progress and knowledge creation.
Methodology
The data is collected through administrative records from the U.S. Patent and Trademark Office.
Historical Context
Policymakers and regional economic development agencies use this metric to assess Barry County's innovation ecosystem and target initiatives to support local inventors and businesses.
Key Facts
- Barry County, MI is home to over 60,000 residents.
- The county averages around 20 utility patents granted per year.
- Patent activity in Barry County has grown by 15% over the past decade.
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 originated from inventors located in Barry County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Patents are a key indicator of technological innovation and economic competitiveness within a region. This data provides insights into the innovation ecosystem and knowledge creation in Barry County.
Q: How is this data collected or calculated?
A: The data is collected through administrative records from the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development agencies use this metric to assess Barry County's innovation capacity and target initiatives to support local inventors and businesses.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 6 months from the end of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Barry County, MI (PATENTCOUNTY26015), retrieved from FRED.