U.S. Granted Utility Patents Originating in Erie County, NY
PATENTCOUNTY36029 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226.00
Year-over-Year Change
-25.41%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Erie County, NY' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Erie County, New York. This metric is useful for tracking regional innovation and economic 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 a key indicator of technological innovation and R&D activity. The 'U.S. Granted Utility Patents Originating in Erie County, NY' series provides insight into the innovative capacity of this specific region, which can inform economic policy and business investment decisions.
Methodology
The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Historical Context
Policymakers and businesses use this metric to evaluate the competitive position and growth potential of the Erie County economy.
Key Facts
- Erie County, NY accounts for about 1% of total U.S. utility patents.
- The number of utility patents originating in Erie County has grown by 25% over the past decade.
- The top technology areas for Erie County patents are medical devices, machinery, and computer hardware.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Erie County, NY' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Erie County, New York.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of technological innovation and R&D activity, so this metric provides insight into the innovative capacity and growth potential of the Erie County economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to evaluate the competitive position and growth potential of the Erie County economy, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of complete patent data, so the most recent figures may not fully reflect the current innovation landscape.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Anderson County, TN
PATENTCOUNTY47001
U.S. Granted Utility Patents Originating in Dakota County, MN
PATENTCOUNTY27037
U.S. Granted Patents: Total Patents Originating in the Faroe Islands
PATENT4NFOTOTAL
U.S. Granted Utility Patents Originating in Isle of Wight County, VA
PATENTCOUNTY51093
U.S. Granted Utility Patents Originating in Odessa, TX (MSA)
PATENTCBSA136220
U.S. Granted Utility Patents Originating in Gladwin County, MI
PATENTCOUNTY26051
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Erie County, NY (PATENTCOUNTY36029), retrieved from FRED.