U.S. Granted Utility Patents Originating in Tioga County, PA
PATENTCOUNTY42117 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tioga County, PA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have origins in Tioga County, Pennsylvania. This metric is a key indicator of regional innovation and technology development.
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, article of manufacture, or composition of matter, or a new and useful improvement thereof. The volume of utility patents originating in a particular county provides insight into the local ecosystem for technological innovation and entrepreneurship.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in utility patents can inform policymakers and economic development officials about the innovation capacity and competitiveness of a regional economy.
Key Facts
- Tioga County, PA is home to several leading research institutions.
- Patent activity is considered a driver of economic growth and job creation.
- The U.S. issues over 300,000 utility patents annually.
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 Tioga County, Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patents are a key indicator of regional innovation and technological development, which can inform economic policymaking and business strategy.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials can use this data to assess the innovation capacity and competitiveness of the Tioga County regional economy.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published and made available.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tioga County, PA (PATENTCOUNTY42117), retrieved from FRED.