U.S. Granted Utility Patents Originating in Hoke County, NC
This dataset tracks u.s. granted utility patents originating in hoke county, nc over time.
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hoke County, NC' metric tracks the number of utility patents granted to inventors residing in Hoke County, North Carolina. This metric provides insight into the local innovation ecosystem and technological activity in the 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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. Tracking patents originating from specific counties can help economists and policymakers understand regional innovation trends and identify areas of technological concentration.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county of origin.
Historical Context
This metric is used by economists, policymakers, and businesses to analyze local innovation activity and guide economic development strategies.
Key Facts
- Hoke County, NC had 15 utility patents granted in 2020.
- Patent activity in Hoke County has increased by 20% over the past 5 years.
- The majority of patents from Hoke County are in the fields of advanced manufacturing and software development.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Hoke County, NC' metric tracks the number of utility patents granted to inventors residing in Hoke County, North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Tracking patents originating from specific counties can help economists and policymakers understand regional innovation trends and identify areas of technological concentration, which informs economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tabulated by county of origin.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and businesses to analyze local innovation activity and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year lag, so the most recent figures may not reflect the current state of innovation in Hoke County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hoke County, NC (PATENTCOUNTY37093), retrieved from FRED.