U.S. Granted Utility Patents Originating in Elk County, PA
PATENTCOUNTY42047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-71.43%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Elk County, PA' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Elk 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 inventive activity and technological innovation occurring in Elk County, a rural county in northwestern Pennsylvania. Economists and policymakers monitor this data to assess regional trends in research, development, and patenting.
Methodology
The data is compiled by the U.S. Patent and Trademark Office based on the legal residences of patent applicants.
Historical Context
This metric can inform regional economic development strategies and spur investment in Elk County's innovation ecosystem.
Key Facts
- Elk County is home to over 31,000 residents.
- In 2021, 27 utility patents were granted to Elk County inventors.
- The top patenting industries in Elk County include manufacturing and healthcare.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Elk County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of inventive activity and technological innovation occurring in Elk County, which can inform regional economic development strategies and spur investment.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the legal residences of patent applicants.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this data to assess regional trends in research, development, and patenting, which can inform strategies to support innovation and economic growth in Elk County.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required for patent applications to be processed and granted by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Elk County, PA (PATENTCOUNTY42047), retrieved from FRED.