U.S. Granted Utility Patents Originating in Shelby County, OH
PATENTCOUNTY39149 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
42.86%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Shelby County, OH' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Shelby County, Ohio. This provides insight into regional innovation and technological development.
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 new and useful inventions, processes, machines, and other innovations. The number of patents originating from a specific county indicates the level of technological activity and entrepreneurship in that local economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Tracking patent activity is useful for economic development agencies, policymakers, and researchers studying regional innovation trends.
Key Facts
- Shelby County, OH had 36 utility patents granted in 2021.
- Patent activity in Shelby County has increased by 15% over the past 5 years.
- The top technology areas for Shelby County patents are mechanical engineering and computer hardware.
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 were filed by inventors residing in Shelby County, Ohio.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a specific county provides insight into the level of technological innovation and entrepreneurship in that regional economy.
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: Economic development agencies and policymakers use this data to assess regional innovation and target investments to support technological growth.
Q: Are there update delays or limitations?
A: The patent data is published with a several month lag, so the most recent figures may not reflect the current state of innovation in Shelby County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Shelby County, OH (PATENTCOUNTY39149), retrieved from FRED.