U.S. Granted Utility Patents Originating in Polk County, NC
PATENTCOUNTY37149 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Polk County, NC' series measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Polk 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
Utility patents are a type of patent granted for new and useful inventions, processes, or improvements. This series provides insight into innovative activity and technological development within Polk County, which can be relevant for regional economic analysis and policymaking.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported location of the primary inventor on granted utility patent applications.
Historical Context
This metric is used by economists, regional development agencies, and policymakers to monitor innovative output and competitiveness at the county level.
Key Facts
- Polk County is home to approximately 20,000 residents.
- In 2021, 15 utility patents originated from Polk County.
- The county's patent activity accounts for less than 0.1% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors located in Polk County, North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity at the county level provides insights into local innovative capacity and technological development, which can inform regional economic policies and strategies.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office based on the reported location of the primary inventor on granted utility patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and regional development agencies use this metric to assess the competitiveness and innovative potential of Polk County, informing decisions about infrastructure investments, business incentives, and workforce development initiatives.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the patent application and granting process. Additionally, the series only captures utility patents and may not reflect all innovative activity in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Polk County, NC (PATENTCOUNTY37149), retrieved from FRED.