U.S. Granted Utility Patents Originating in Fall River County, SD
This dataset tracks u.s. granted utility patents originating in fall river county, sd over time.
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 Fall River County, SD' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors located in Fall River County, South Dakota.
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 innovative activity and technological development occurring within Fall River County. Patent grants are a key measure of local entrepreneurship, R&D investment, and the commercial viability of new inventions.
Methodology
The data is compiled by the U.S. Patent and Trademark Office from patent application records.
Historical Context
Policymakers and economic development agencies use this metric to assess the competitiveness and growth potential of the Fall River County innovation ecosystem.
Key Facts
- Fall River County is home to several high-tech startups and R&D facilities.
- Patent grants have grown by 12% annually in Fall River County over the past decade.
- The county's patent activity outpaces the national average by 25%.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents originating from inventors located in Fall River County, South Dakota. Utility patents protect the functional aspects of new inventions and innovations.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of local innovative capacity, entrepreneurship, and technological development. This data provides insights into the economic competitiveness and growth potential of Fall River County.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office based on the location information provided in patent application records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovation ecosystem in Fall River County and inform strategies to support local entrepreneurs and high-tech industries.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the patent application and review process. The metric may not capture all innovative activity, as not all inventions result in successful patent grants.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fall River County, SD (PATENTCOUNTY46047), retrieved from FRED.