U.S. Granted Utility Patents Originating in Clay County, MO
PATENTCOUNTY29047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.00
Year-over-Year Change
75.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Clay County, Missouri. It provides insights 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
The U.S. Granted Utility Patents Originating in Clay County, MO metric measures the volume of successful patent applications filed by inventors and organizations based in this Missouri county. It is a key indicator of the county's technological and entrepreneurial dynamism.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
This trend is used by economists, policymakers, and regional development analysts to assess Clay County's competitive position and potential for innovation-driven growth.
Key Facts
- Clay County, MO is home to over 250,000 residents.
- The county ranks among the top 10% of U.S. counties for utility patent grants.
- Patent activity in Clay County has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating from inventors and organizations based in Clay County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the county's innovative capacity and technological development, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and regional analysts use this metric to assess Clay County's innovation ecosystem and guide strategies for fostering entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: There is typically a 6-12 month delay in the reporting of patent data due to the application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Clay County, MO (PATENTCOUNTY29047), retrieved from FRED.