U.S. Granted Utility Patents Originating in Austin County, TX
This dataset tracks u.s. granted utility patents originating in austin county, tx over time.
Latest Value
5.00
Year-over-Year Change
25.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors and companies originating in Austin County, Texas. Tracking patent activity provides insights into regional innovation and technological progress.
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
The U.S. Patent and Trademark Office (USPTO) grants utility patents to new, useful, and non-obvious inventions. This series tracks the total number of utility patents issued to applicants located in Austin County, a key indicator of local innovation and entrepreneurship.
Methodology
The data is collected directly from USPTO patent grant records.
Historical Context
Policymakers and economic development analysts use this metric to assess the innovative capacity and technological competitiveness of the Austin County region.
Key Facts
- Austin County is a hub for technology and engineering firms.
- Patent activity is a leading indicator of future economic growth.
- Texas ranks among the top states for total utility patents granted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted to inventors and companies located in Austin County, Texas by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity provides insights into the innovation and technological capacity of the Austin County region, which is valuable for policymakers, economic development planners, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records on granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovative competitiveness of the Austin County region and inform strategies to promote technology-driven growth.
Q: Are there update delays or limitations?
A: There can be a several month delay between patent grants and when the data is reflected in this series due to USPTO processing timelines.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Austin County, TX (PATENTCOUNTY48015), retrieved from FRED.