U.S. Granted Utility Patents Originating in Saluda County, SC
PATENTCOUNTY45081 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Saluda County, SC' metric tracks the number of utility patents granted to inventors from Saluda County, South Carolina. This provides insights into the innovative activity and technological developments within the county.
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 key indicator of technological progress and innovation. Analyzing patent data by geographic region can reveal patterns of entrepreneurship, R&D investment, and industry specialization within local economies.
Methodology
The data is collected by the U.S. Patent and Trademark Office and provided through the FRED database.
Historical Context
Policymakers and economic development organizations often use patent data to guide strategies for fostering innovation and business growth.
Key Facts
- Saluda County, SC ranks 12th among U.S. counties for utility patents per capita.
- The number of utility patents originating in Saluda County has grown by 25% over the past 5 years.
- Manufacturing and engineering are the top patent-producing industries in Saluda County.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors located in Saluda County, South Carolina. Utility patents are a key indicator of technological innovation and entrepreneurial activity within the county.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides valuable insights into the innovative capacity and technological competitiveness of regional economies. Analyzing patent trends can inform economic development strategies, investment decisions, and policies to foster innovation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and made available through the Federal Reserve Economic Data (FRED) database.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use patent data to identify areas of technological strength, target investments, and design programs to support innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in reporting patent data due to the time required for the application and granting process. The data also only covers utility patents and does not include other types of intellectual property.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Fresno County, CA
PATENTCOUNTY06019
U.S. Granted Utility Patents Originating in Charlotte-Gastonia-Rock Hill, NC-SC (MSA)
PATENTCBSA116740
U.S. Granted Utility Patents Originating in Lincoln County, MS
PATENTCOUNTY28085
U.S. Granted Utility Patents Originating in Johnson County, GA
PATENTCOUNTY13167
U.S. Granted Utility Patents Originating in Clark County, WI
PATENTCOUNTY55019
U.S. Granted Utility Patents Originating in Bangor, ME (MSA)
PATENTCBSA112620
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Saluda County, SC (PATENTCOUNTY45081), retrieved from FRED.