U.S. Granted Utility Patents Originating in Middlesex County, NJ
PATENTCOUNTY34023 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
618.00
Year-over-Year Change
78.10%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Middlesex County, New Jersey. It provides insights into regional innovation 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 Middlesex County, NJ series measures the total number of utility patents issued by the U.S. Patent and Trademark Office (USPTO) that list Middlesex County, New Jersey as the origin location. It is an indicator of the inventive and innovative activity in this regional economy.
Methodology
The data is collected directly from USPTO patent records.
Historical Context
Policymakers and economists use this metric to assess the innovation capacity and competitiveness of the Middlesex County economy.
Key Facts
- Middlesex County ranked 7th nationally for utility patents in 2021.
- Over 60% of Middlesex County patents are in technology and life sciences sectors.
- Patents from the county have grown at an average annual rate of 4.2% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents originating from Middlesex County, New Jersey. It tracks regional innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: The number of patents in a region is a key indicator of its innovation capacity and competitiveness. This data helps policymakers and economists assess the economic and technological strengths of Middlesex County.
Q: How is this data collected or calculated?
A: The data is collected directly from patent records maintained by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to track the innovation performance of Middlesex County and make informed decisions about supporting technological growth and competitiveness.
Q: Are there update delays or limitations?
A: There can be a 12-18 month delay in the availability of complete patent data from the USPTO. The data may also exclude certain types of patents or have regional classification limitations.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Middlesex County, NJ (PATENTCOUNTY34023), retrieved from FRED.