U.S. Granted Utility Patents Originating in Saline County, MO
PATENTCOUNTY29195 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
200.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Saline County, MO' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Saline County, Missouri. This statistic is a key indicator of technological innovation and entrepreneurship within the county.
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, or processes. The count of granted utility patents originating from a specific geographic area provides insight into the innovative capacity and intellectual property creation of that region. Economists and policymakers analyze these statistics to assess local competitiveness and guide economic development strategies.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Tracking patent trends at the county level helps policymakers and businesses understand regional innovation ecosystems and target support for entrepreneurs and R&D.
Key Facts
- Saline County, MO had 58 utility patents granted in 2021.
- Patent counts have grown by 15% in Saline County over the past 5 years.
- The top technology areas for Saline County patents are agriculture, medical devices, and transportation.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Saline County, MO' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in Saline County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: Utility patent counts are a key indicator of technological innovation and entrepreneurship within a geographic region. Economists and policymakers analyze these statistics to assess local competitiveness and guide economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Tracking patent trends at the county level helps policymakers and businesses understand regional innovation ecosystems and target support for entrepreneurs and R&D.
Q: Are there update delays or limitations?
A: The patent data is published with a short lag, typically 6-12 months after the end of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Saline County, MO (PATENTCOUNTY29195), retrieved from FRED.