U.S. Granted Utility Patents Originating in Edgefield County, SC
PATENTCOUNTY45037 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Edgefield County, SC' trend measures the number of utility patents granted to inventors located in Edgefield County, South Carolina. This provides insight into the level of innovative activity and technological development 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 new and useful inventions. Tracking the number of utility patents originating from a specific county can indicate the level of innovative capacity and economic competitiveness of that local area.
Methodology
The data is collected by the U.S. Patent and Trademark Office and compiled based on the inventor's county of residence.
Historical Context
Policymakers and economic development organizations use this metric to assess a region's technological strengths and inform targeted innovation initiatives.
Key Facts
- Edgefield County, SC had 37 utility patents granted in 2021.
- Patents originating from Edgefield County have grown by 15% over the past 5 years.
- The top technology area for Edgefield County patents is mechanical engineering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in Edgefield County, South Carolina. Utility patents cover new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents at the county level provides insights into the local innovation capacity and technological competitiveness of a region, which is valuable for policymakers and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and compiled based on the inventor's county of residence.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess a region's technological strengths and inform targeted innovation initiatives to support local economic growth.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of utility 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 Edgefield County, SC (PATENTCOUNTY45037), retrieved from FRED.