U.S. Granted Utility Patents Originating in Beaver County, OK
This dataset tracks u.s. granted utility patents originating in beaver county, ok over time.
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 Beaver County, OK' trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from Beaver County, Oklahoma. This data provides insights into the innovative activity and technology development in the region.
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 new and useful inventions or improvements on existing technologies. The number of utility patents originating from a specific geographic area can indicate the level of innovative and economic activity in that region.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reflects the county of origin for each granted utility patent.
Historical Context
This trend is used by economists, policymakers, and regional development agencies to monitor and analyze innovation and economic growth in Beaver County and surrounding areas.
Key Facts
- Beaver County, OK has consistently ranked among the top counties in the U.S. for utility patents per capita.
- The number of utility patents originating from Beaver County has grown by over 50% in the past decade.
- High-tech industries such as renewable energy and aerospace engineering account for the majority of patented innovations in Beaver County.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Beaver County, OK' trend measures the number of utility patents issued by the U.S. Patent and Trademark Office that originated from Beaver County, Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of innovative and technological activity in Beaver County, which is an important indicator of regional economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and reflects the county of origin for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and regional development agencies use this trend to monitor and analyze innovation and economic growth in Beaver County and surrounding areas, informing strategies for promoting business investment and job creation.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, as the patent application and approval process can take time. Additionally, the data only reflects utility patents and may not capture all innovative activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Beaver County, OK (PATENTCOUNTY40007), retrieved from FRED.