U.S. Granted Utility Patents Originating in Franklin County, MS
PATENTCOUNTY28037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Franklin County, MS' measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Franklin County, Mississippi. This metric provides insight into local innovation and technological development in the region.
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, processes, machines, or compositions of matter. The 'U.S. Granted Utility Patents Originating in Franklin County, MS' metric tracks the innovative output of Franklin County, allowing economists and policymakers to assess the county's competitiveness and potential for economic growth.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the residence of patent applicants.
Historical Context
This metric is used by economists, investors, and government agencies to evaluate regional innovation and inform economic development strategies.
Key Facts
- Franklin County, MS is home to approximately 8,000 residents.
- In 2021, Franklin County saw 17 utility patents granted.
- The U.S. issued over 300,000 utility patents nationwide in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Franklin County, MS' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Franklin County, Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative output and technological development of Franklin County, which can inform economic growth strategies and assessments of regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the residence of patent applicants.
Q: How is this trend used in economic policy?
A: Economists, investors, and government agencies use this metric to evaluate regional innovation and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it depends on the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Franklin County, MS (PATENTCOUNTY28037), retrieved from FRED.