U.S. Granted Utility Patents Originating in Montgomery County, OH
PATENTCOUNTY39113 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
-14.60%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Montgomery County, Ohio. Tracking patent activity is crucial for understanding regional innovation and economic growth.
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 represent new, useful, and non-obvious inventions. The number of patents granted in a given geographic area reflects the intensity of innovative activity and technological development in that region. This metric is widely used by policymakers, economists, and industry analysts to assess the competitiveness and growth potential of local economies.
Methodology
The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Historical Context
Patent data helps inform decisions around economic development, technology investments, and R&D policy.
Key Facts
- Montgomery County is home to several leading research institutions.
- Patents are a key driver of productivity and competitiveness.
- Ohio ranks among the top 10 states for utility patent grants.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Montgomery County, Ohio.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a specific geographic area provides insights into the level of innovation and technological development in that regional economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve Bank of St. Louis.
Q: How is this trend used in economic policy?
A: Patent data helps inform decisions around economic development, technology investments, and R&D policy at the local and regional level.
Q: Are there update delays or limitations?
A: The data is published with a short lag time and represents a comprehensive record of utility patents originating in Montgomery County, Ohio.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Montgomery County, OH (PATENTCOUNTY39113), retrieved from FRED.