U.S. Granted Utility Patents Originating in Buncombe County, NC

PATENTCOUNTY37021 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

35.00

Year-over-Year Change

9.38%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Buncombe County, NC' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Buncombe County, North Carolina.

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

This economic indicator provides insights into the innovative activity and technological development occurring within Buncombe County. Policymakers and economists use this data to assess the region's competitiveness, entrepreneurship, and overall economic growth.

Methodology

The data is collected directly from U.S. patent records and publications.

Historical Context

This metric is useful for understanding regional innovation trends and informing economic development strategies.

Key Facts

  • Buncombe County is home to several major universities and research institutions.
  • The region has a thriving entrepreneurial ecosystem.
  • Patent activity is a key indicator of economic competitiveness.

FAQs

Q: What does this economic trend measure?

A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Buncombe County, North Carolina.

Q: Why is this trend relevant for users or analysts?

A: This indicator provides insights into the innovative activity and technological development occurring within Buncombe County, which is useful for assessing the region's competitiveness, entrepreneurship, and overall economic growth.

Q: How is this data collected or calculated?

A: The data is collected directly from U.S. patent records and publications.

Q: How is this trend used in economic policy?

A: This metric is useful for understanding regional innovation trends and informing economic development strategies.

Q: Are there update delays or limitations?

A: There may be some delays in reporting the latest patent data, but the information is generally timely and comprehensive.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Buncombe County, NC (PATENTCOUNTY37021), retrieved from FRED.