U.S. Granted Utility Patents Originating in Franklin County, NC
PATENTCOUNTY37069 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
233.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Franklin County, NC' tracks the number of utility patents granted to inventors from Franklin County, North Carolina. This metric provides insight 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
This economic trend reflects the patent activity and inventive output of Franklin County, NC. Patents are a key indicator of technological progress and a driver of economic growth, so this data offers valuable insights for policymakers, researchers, and businesses.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent data is widely used to analyze innovation trends and assess regional competitiveness.
Key Facts
- Franklin County, NC had 72 utility patents granted in 2021.
- Patent activity in Franklin County has grown by 15% over the past 5 years.
- The county ranks 4th in North Carolina for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors residing in Franklin County, North Carolina. Utility patents protect new and useful inventions or improvements.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of regional innovation and technological progress, which are important drivers of economic growth and competitiveness.
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: Policymakers and economic development agencies use patent data to assess a region's innovation capacity and guide strategies to foster technological advancement and attract high-skilled talent.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, and only includes utility patents (not design or plant patents).
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Franklin County, NC (PATENTCOUNTY37069), retrieved from FRED.