U.S. Granted Utility Patents Originating in Eaton County, MI
PATENTCOUNTY26045 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-9.09%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Eaton County, MI' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Eaton County, Michigan. This data provides insight into the innovative activity and technological progress within a specific regional economy.
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 protect new and useful inventions, machines, processes, or compositions of matter. Tracking patent grants by county allows analysis of geographic patterns in innovation, which can inform economic development strategies and spur technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Historical Context
Policy makers and business leaders use this data to understand regional innovation trends and target resources to spur economic growth.
Key Facts
- Eaton County, MI is home to several major manufacturing and technology companies.
- Patents spur economic growth by protecting new inventions and driving further innovation.
- Patent data provides insights into a region's competitiveness and technological specialization.
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 inventors residing in Eaton County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants by county provides insights into regional innovation and technological progress, which can inform economic development strategies and spur further innovation.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policy makers and business leaders use this data to understand regional innovation trends and target resources to support economic growth and technological advancement.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay between the reporting period and publication.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Eaton County, MI (PATENTCOUNTY26045), retrieved from FRED.