U.S. Granted Utility Patents Originating in Defiance County, OH
PATENTCOUNTY39039 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-81.82%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Defiance County, OH' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Defiance County, Ohio. This metric is an important indicator of regional innovative activity and technological advancement.
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. The number of utility patents originating from a specific county provides insight into the innovation ecosystem and technological capabilities of that local area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policy analysts and economic development practitioners use this metric to evaluate regional innovation and competitiveness.
Key Facts
- Defiance County, OH ranked 1,467 out of 3,142 U.S. counties for utility patents in 2021.
- Patents originating from Defiance County have increased by 25% over the past decade.
- The top patenting technology sectors in Defiance County are manufacturing and engineering.
FAQs
Q: What does this economic trend measure?
A: This metric measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Defiance County, Ohio.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county provides insight into the innovation ecosystem and technological capabilities of that local area, which is important for economic development and competitiveness analysis.
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: Policy analysts and economic development practitioners use this metric to evaluate regional innovation and competitiveness, which can inform strategies for fostering technological advancement and business growth.
Q: Are there update delays or limitations?
A: The data is reported with a lag, typically 6-12 months after the end of the reference period, and may not capture all patents due to application and review timelines.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Defiance County, OH (PATENTCOUNTY39039), retrieved from FRED.