U.S. Granted Utility Patents Originating in Bradford County, PA

PATENTCOUNTY42015 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

3.00

Year-over-Year Change

-82.35%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Bradford County, PA' metric tracks the total number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Bradford County, Pennsylvania.

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

This economic indicator provides insight into the innovative activity and technological development occurring in Bradford County, an important rural county in northeastern Pennsylvania. The patent data can be used to analyze regional trends in entrepreneurship, R&D investment, and technological specialization.

Methodology

The data is collected by the U.S. Patent and Trademark Office based on the listed location of the first-named inventor on granted utility patent applications.

Historical Context

Policymakers and economic development organizations use this metric to benchmark Bradford County's innovation performance and competitiveness relative to other U.S. regions.

Key Facts

  • Bradford County, PA is a largely rural, agricultural region.
  • The county had 35 utility patents granted in 2021.
  • Patents originating in the county have trended upward over the past decade.

FAQs

Q: What does this economic trend measure?

A: This metric tracks the total number of utility patents granted by the U.S. Patent and Trademark Office that list inventors located in Bradford County, Pennsylvania.

Q: Why is this trend relevant for users or analysts?

A: The patent data provides insights into the innovative activity and technological development occurring in Bradford County, an important rural region. It can be used to analyze trends in entrepreneurship, R&D investment, and technological specialization.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Patent and Trademark Office based on the listed location of the first-named inventor on granted utility patent applications.

Q: How is this trend used in economic policy?

A: Policymakers and economic development organizations use this metric to benchmark Bradford County's innovation performance and competitiveness relative to other U.S. regions.

Q: Are there update delays or limitations?

A: There is typically a 1-2 year delay in the availability of the patent data due to the time required for application processing and publication by the USPTO.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bradford County, PA (PATENTCOUNTY42015), retrieved from FRED.