U.S. Granted Utility Patents Originating in Stokes County, NC
PATENTCOUNTY37169 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
20.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Stokes County, NC' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Stokes County, North Carolina. This metric is a key indicator of local innovation and technological progress.
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 awarded for the invention of a new and useful process, machine, manufacture, or composition of matter. Tracking patent grants in specific geographic areas provides insight into regional innovation ecosystems and can inform economic development strategies.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the reported location of the first-named inventor on each granted patent application.
Historical Context
Patent data is widely used by policymakers, economic development agencies, and market analysts to assess innovation activity and competitiveness.
Key Facts
- Stokes County is located in the northwestern region of North Carolina.
- Patents are a key indicator of technological innovation and R&D investment.
- The U.S. grants over 300,000 utility patents per year on average.
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 located in Stokes County, North Carolina. Utility patents are awarded for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insight into the level of technological innovation and R&D activity in a specific geographic region, which is valuable for economic development strategies and assessing regional competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the reported location of the first-named inventor on each granted patent application.
Q: How is this trend used in economic policy?
A: Patent data is widely used by policymakers, economic development agencies, and market analysts to assess innovation activity and competitiveness at the regional and national levels.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data due to the time required for application processing and grant issuance by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Stokes County, NC (PATENTCOUNTY37169), retrieved from FRED.