U.S. Granted Utility Patents Originating in Blair County, PA
PATENTCOUNTY42013 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Blair County, PA' measures the number of utility patents issued by the U.S. Patent and Trademark Office that originate from Blair County, Pennsylvania. This metric is a key indicator of innovation and technological activity 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 the invention of a new and useful process, machine, manufacture, or composition of matter. The number of utility patents originating in a specific county provides insight into the level of technological and innovative capacity in that local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policy makers and economic development agencies use this data to track regional innovation trends and target investments.
Key Facts
- Blair County, PA had 142 utility patents granted in 2020.
- Patents originating in Blair County have increased by 15% over the past 5 years.
- The top patenting industries in Blair County are manufacturing and healthcare.
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 from Blair County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents in a region is a key indicator of innovation and technological capacity, which is important for economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from patent application and granting records maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to track regional innovation trends and target investments to spur technological growth and competitiveness.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year delay in the availability of this patent data due to the time required for the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Blair County, PA (PATENTCOUNTY42013), retrieved from FRED.