U.S. Granted Utility Patents Originating in Greene County, PA
PATENTCOUNTY42059 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend tracks the number of utility patents originating in Greene County, Pennsylvania. It provides insight into technological innovation and economic 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
The U.S. Granted Utility Patents Originating in Greene County, PA measures the total number of utility patents granted by the U.S. Patent and Trademark Office that list Greene County, PA as the origin. This metric is used by economists and policymakers to monitor technological progress and innovation in the local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on information provided in patent applications.
Historical Context
Trends in patenting activity can signal underlying economic conditions and inform regional development strategies.
Key Facts
- Greene County, PA is a rural county in southwestern Pennsylvania.
- Utility patents protect new, useful, and non-obvious inventions.
- Patenting trends can indicate a region's technological capabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from Greene County, Pennsylvania. Utility patents protect new and useful inventions, providing insight into local innovation and technological progress.
Q: Why is this trend relevant for users or analysts?
A: Trends in patenting activity can signal underlying economic conditions and inform regional development strategies. Monitoring patent flows can help identify technological capabilities and emerging industries in a local economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the origin information provided in patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess technological innovation and competitiveness in the Greene County, PA region. It can inform decisions around infrastructure investment, workforce development, and targeted incentives to support emerging industries.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data, as the process from application to grant can take several years. Additionally, the data only reflects patents originating in Greene County and does not capture broader regional or national trends.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Greene County, PA (PATENTCOUNTY42059), retrieved from FRED.