U.S. Granted Utility Patents Originating in Madison County, NY
PATENTCOUNTY36053 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
40.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Madison County, New York. It provides insight into the innovation and technological activity in this specific region.
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 Madison County, NY series measures the volume of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors located in Madison County, New York. This data is used by economists and policymakers to assess regional innovation and technological development.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
This trend is used to inform economic development policies and understand regional competitiveness in innovation.
Key Facts
- Madison County, NY ranked 31st among U.S. counties for utility patents in 2021.
- The county saw a 15% increase in utility patents from 2020 to 2021.
- High-tech industries like advanced manufacturing are a key driver of patent activity in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from inventors located in Madison County, New York. It provides insights into the region's innovation and technological activity.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional competitiveness and informing economic development policies focused on fostering innovation and technological growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess a region's innovation capacity and competitiveness, which informs decisions about investments, incentives, and programs to support technological growth.
Q: Are there update delays or limitations?
A: There can be a lag of several months between when patents are granted and when the data is published, so the most recent figures may not reflect the current state of innovation in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Madison County, NY (PATENTCOUNTY36053), retrieved from FRED.