U.S. Granted Utility Patents Originating in Polk County, NE
PATENTCOUNTY31143 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Polk County, NE' trend measures the number of utility patents granted to inventors residing in Polk County, Nebraska. This data 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
Utility patents are granted for new and useful inventions, processes, machines, or compositions of matter. Tracking patents originating from a specific county offers a localized view of innovation and economic competitiveness within that region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to evaluate Polk County's technological capabilities and entrepreneurial climate.
Key Facts
- Polk County, NE averaged 9 utility patents per year from 2010-2020.
- The highest number of utility patents in a single year was 15, recorded in 2015.
- Polk County ranks 59th out of 3,142 U.S. counties for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in Polk County, Nebraska. Utility patents cover new and useful inventions, processes, machines, or compositions of matter.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents at the county level provides insights into the region's innovative activity and technological development, which are key indicators of economic competitiveness and entrepreneurial climate.
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 agencies use this metric to evaluate Polk County's technological capabilities and entrepreneurial environment when making decisions about investment, incentives, and support for innovation.
Q: Are there update delays or limitations?
A: The data is published with a lag, as it takes time for patents to be granted and reported by the USPTO. Additionally, the county-level data may not capture all relevant innovation activity, as some inventors may reside outside of Polk County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Polk County, NE (PATENTCOUNTY31143), retrieved from FRED.