U.S. Granted Utility Patents Originating in Overton County, TN
This dataset tracks u.s. granted utility patents originating in overton county, tn over time.
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 Overton County, TN' metric tracks the number of utility patents granted to inventors located in Overton County, Tennessee. This metric provides insight into the innovative activity and technological development within this specific geographic 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 the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. Tracking the patents originating from Overton County, Tennessee offers economists and policymakers a window into the local innovation ecosystem and its contribution to U.S. technological progress.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Utility patent trends are closely monitored by governments, investors, and industry analysts to gauge regional economic competitiveness and identify emerging technology hubs.
Key Facts
- Overton County, TN is home to over 22,000 residents.
- In 2021, Overton County received 27 utility patents.
- The U.S. granted a total of 354,430 utility patents in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors located in Overton County, Tennessee. Utility patents cover new and useful inventions, innovations, and technological advancements.
Q: Why is this trend relevant for users or analysts?
A: Monitoring utility patent activity in a specific geographic region provides insights into the local innovation ecosystem and technological competitiveness. This data is valuable for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office, the federal agency responsible for issuing patents in the United States.
Q: How is this trend used in economic policy?
A: Utility patent trends are closely watched by governments, investors, and industry analysts to gauge regional economic competitiveness and identify emerging technology hubs. This information can inform economic development policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the processing timelines of the U.S. Patent and Trademark Office, which may result in some reporting delays. Additionally, the metric only captures utility patents and does not include other types of intellectual property, such as design or plant patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Overton County, TN (PATENTCOUNTY47133), retrieved from FRED.