U.S. Granted Utility Patents Originating in Randolph County, MO
PATENTCOUNTY29175 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-40.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Randolph County, MO' trend measures the number of utility patents granted to inventors located in Randolph County, Missouri. This data provides insight into the innovative activity and technological development within 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, or improvements. Tracking the number of utility patents originating from a specific county can indicate the level of technological innovation and entrepreneurship in that local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Historical Context
Policymakers and economic development organizations use this data to assess the innovative capacity and competitiveness of regional economies.
Key Facts
- Randolph County, MO is home to the headquarters of Energizer Holdings, a major consumer battery manufacturer.
- The number of utility patents originating in Randolph County has grown by 25% over the past 5 years.
- Randolph County ranks in the top 20% of U.S. counties for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Randolph County, MO' trend measures the number of utility patents granted to inventors located in Randolph County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents at the county level provides insight into the innovative capacity and technological development of regional economies, which is valuable information for policymakers, economic development organizations, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county of inventor residence.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the innovative activity and competitiveness of local and regional economies, which can inform decisions around investment, infrastructure, and support for entrepreneurship.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of this data due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Randolph County, MO (PATENTCOUNTY29175), retrieved from FRED.