U.S. Granted Utility Patents Originating in Fulton County, NY
PATENTCOUNTY36035 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-28.57%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Fulton County, NY' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Fulton County, New York. This metric is a key indicator of 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
Utility patents are a type of patent granted for new and useful inventions, processes, machines, or compositions of matter. The number of utility patents originating in a specific county provides insights into the local innovation ecosystem and economic competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is closely monitored by policymakers, economists, and business leaders to assess regional innovation capacity and guide economic development strategies.
Key Facts
- Fulton County, NY is home to a diverse manufacturing and technology industry cluster.
- Patent activity is a leading indicator of future economic growth and job creation.
- The number of utility patents can vary significantly from year to year based on R&D investment and commercial activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Fulton County, New York.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific county provides insights into the local innovation ecosystem and economic competitiveness, which is closely monitored by policymakers, economists, and business leaders.
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: This trend is used by policymakers, economists, and business leaders to assess regional innovation capacity and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on the processing and reporting of patent applications by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fulton County, NY (PATENTCOUNTY36035), retrieved from FRED.