U.S. Granted Utility Patents Originating in Meigs County, TN
PATENTCOUNTY47121 • 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 Meigs County, TN' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Meigs County, Tennessee. This metric is useful for tracking innovation and technological progress at the county level.
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 series tracks the number of utility patents granted to inventors or companies located in Meigs County, Tennessee. Utility patents cover new and useful inventions, processes, or improvements. Monitoring patent activity can provide insights into a region's technological competitiveness and ability to commercialize new ideas.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development officials often use patent data to assess a region's innovation capacity and competitiveness.
Key Facts
- Meigs County, TN is a rural county with a population under 12,000.
- The county has seen an average of 8 utility patents granted per year over the past decade.
- Utility patents represent new, non-obvious, and useful inventions or processes.
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 Meigs County, Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insights into a region's technological competitiveness and ability to commercialize new ideas, which is valuable information for policymakers and economic development officials.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials often use patent data to assess a region's innovation capacity and competitiveness, which can inform decisions about investment, infrastructure, and support for research and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, as patents must be processed and granted by the U.S. Patent and Trademark Office before being included in the statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Meigs County, TN (PATENTCOUNTY47121), retrieved from FRED.