U.S. Granted Utility Patents Originating in Worth County, MO
This dataset tracks u.s. granted utility patents originating in worth county, mo over time.
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 Worth County, MO' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Worth County, Missouri. This metric is an important indicator of local innovation and entrepreneurial activity.
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, machines, or processes. The 'U.S. Granted Utility Patents Originating in Worth County, MO' data provides insight into the level of technological development and commercialization of new ideas within this specific county.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations monitor trends in local patent activity to assess the innovative capacity and competitiveness of a region.
Key Facts
- Worth County, MO is a rural county in northwest Missouri.
- The number of utility patents originating in Worth County has grown by 25% over the past decade.
- Patents are a key metric of technological innovation and commercial application of new ideas.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Worth County, MO' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Worth County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of technological development, innovation, and entrepreneurial activity within Worth County, which is an important indicator of the county's economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations monitor trends in local patent activity to assess the innovative capacity and competitiveness of a region, which can inform decisions around funding, incentives, and other policies to support entrepreneurship and business growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and publication timeline of the U.S. Patent and Trademark Office, which may result in some delay between the grant of a patent and its inclusion in the publicly reported statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Worth County, MO (PATENTCOUNTY29227), retrieved from FRED.