U.S. Granted Utility Patents Originating in Kalamazoo County, MI
PATENTCOUNTY26077 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.00
Year-over-Year Change
-1.15%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Kalamazoo County, MI' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors or organizations located in Kalamazoo 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 indicator provides insight into the level of innovative activity and technological development within Kalamazoo County, a major economic hub in southwestern Michigan. Policymakers and analysts use this data to assess regional competitiveness and the commercialization of new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and issuance process.
Historical Context
Trends in Kalamazoo County patent grants are used to inform local and regional economic development strategies.
Key Facts
- Kalamazoo County is home to several major research universities and pharmaceutical companies.
- Patent grants originating in Kalamazoo have grown by over 50% in the past decade.
- The county ranks among the top U.S. metropolitan areas for patents per capita.
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 or organizations located in Kalamazoo County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into the level of innovative activity and technological development within a regional economy, which is useful for policymakers and analysts assessing competitiveness and commercialization of new ideas.
Q: How is this data collected or calculated?
A: The data is collected directly by the U.S. Patent and Trademark Office through its patent application and issuance process.
Q: How is this trend used in economic policy?
A: Trends in Kalamazoo County patent grants are used to inform local and regional economic development strategies, as patent activity is a key indicator of innovative capacity and technological competitiveness.
Q: Are there update delays or limitations?
A: There may be lags of several months between when patents are granted and when the data is published, as the USPTO processes applications and updates records.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Kalamazoo County, MI (PATENTCOUNTY26077), retrieved from FRED.