U.S. Granted Utility Patents Originating in Cameron County, TX

PATENTCOUNTY48061 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

13.00

Year-over-Year Change

160.00%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Cameron County, TX' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have their origin in Cameron County, Texas. This data provides insights into the region's innovative activities and technological advancements.

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 new and useful inventions, processes, or improvements. The number of utility patents originating in a specific county, such as Cameron County, Texas, reflects the local innovation ecosystem and can be used to assess the region's competitiveness and ability to attract and retain high-tech industries.

Methodology

The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic origin of the patent application.

Historical Context

This metric is used by policymakers, economic development agencies, and researchers to evaluate the innovative capacity and technological prowess of a region.

Key Facts

  • Cameron County is located in the southernmost part of Texas, bordering Mexico.
  • The county is home to several major research institutions and high-tech companies.
  • Patent activity is considered a key indicator of a region's technological competitiveness.

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 Cameron County, Texas. Utility patents are granted for new and useful inventions, processes, or improvements.

Q: Why is this trend relevant for users or analysts?

A: The number of utility patents originating in a specific county reflects the local innovation ecosystem and can be used to assess the region's competitiveness and ability to attract and retain high-tech industries. This data is relevant for policymakers, economic development agencies, and researchers interested in evaluating a region's technological prowess.

Q: How is this data collected or calculated?

A: The data is collected and reported by the U.S. Patent and Trademark Office based on the geographic origin of the patent application.

Q: How is this trend used in economic policy?

A: This metric is used by policymakers, economic development agencies, and researchers to evaluate the innovative capacity and technological competitiveness of a region, which can inform policies and strategies aimed at fostering economic growth and attracting high-tech industries.

Q: Are there update delays or limitations?

A: The data is subject to the typical update and reporting timelines of the U.S. Patent and Trademark Office, which may result in some delay between the issuance of a patent and its inclusion in the published statistics.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Cameron County, TX (PATENTCOUNTY48061), retrieved from FRED.