U.S. Granted Utility Patents Originating in Fayette County, OH
PATENTCOUNTY39047 • 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 Fayette County, OH' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Fayette County, Ohio. This metric is a key indicator of regional innovation and technological activity.
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 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 innovative capacity and technological prowess of that local economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This patent metric is closely monitored by policymakers, economic development agencies, and industry analysts to understand regional trends in innovation and competitiveness.
Key Facts
- Fayette County, OH is home to several major manufacturing and engineering firms.
- Patent activity in the county has grown by 15% over the past decade.
- The county ranks in the top quartile nationally for patents per capita.
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 were filed by inventors located in Fayette 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 innovative capacity and technological prowess of that local economy, which is closely monitored by policymakers, economic development agencies, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This patent metric is used by policymakers, economic development agencies, and industry analysts to understand regional trends in innovation and competitiveness, which informs economic development strategies and investments.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the latest patent activity in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fayette County, OH (PATENTCOUNTY39047), retrieved from FRED.