U.S. Granted Utility Patents Originating in Portage County, OH
PATENTCOUNTY39133 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.00
Year-over-Year Change
-5.17%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Portage County, OH' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Portage County, Ohio. This metric is a key indicator of regional innovation and entrepreneurial 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 protect new and useful inventions, processes, or improvements. The number of utility patents originating from a given geographic area reflects the level of innovative and technological development in that region. Economists and policymakers analyze this data to assess the innovation capacity and competitiveness of local economies.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Tracking regional patent trends provides insights into the drivers of economic growth and guides policy decisions related to research, development, and entrepreneurship.
Key Facts
- Portage County, OH is home to Kent State University, a major research institution.
- Patents are a leading indicator of technological progress and competitiveness.
- The U.S. granted over 333,000 utility patents in 2021.
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 originated from inventors based in Portage County, Ohio.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a geographic area is a key indicator of regional innovation and entrepreneurial activity, which is crucial for assessing economic competitiveness and guiding policy decisions.
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: Tracking regional patent trends provides insights into the drivers of economic growth and guides policy decisions related to research, development, and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag, but it provides a reliable, authoritative source for analyzing innovation patterns in Portage County, Ohio.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Portage County, OH (PATENTCOUNTY39133), retrieved from FRED.