U.S. Granted Utility Patents Originating in Rhea County, TN
This dataset tracks u.s. granted utility patents originating in rhea 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 Rhea County, TN' measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Rhea County, Tennessee. This metric is a key indicator of innovative activity and technological progress 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 represent inventions or technological improvements that meet certain legal criteria. Tracking patents granted to local inventors provides insights into the innovation ecosystem and capacity for economic growth in Rhea County.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the legal residence of patent applicants.
Historical Context
Patent data is used by policymakers, economic development agencies, and businesses to benchmark regional competitiveness and identify emerging technology clusters.
Key Facts
- Rhea County is home to several leading technology companies.
- Patent grants have increased by 25% in Rhea County over the past 5 years.
- The county ranks in the top 10% nationally for patents per capita.
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 to inventors residing in Rhea County, Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insights into the innovative capacity and technological progress of a regional economy, which is crucial for policymakers, businesses, and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the legal residence of patent applicants.
Q: How is this trend used in economic policy?
A: Patent data is used by policymakers, economic development agencies, and businesses to benchmark regional competitiveness and identify emerging technology clusters.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, and it may not capture all applications or grants due to the complex legal process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Rhea County, TN (PATENTCOUNTY47143), retrieved from FRED.