U.S. Granted Utility Patents Originating in Franklin County, TX
PATENTCOUNTY48159 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Franklin County, TX' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Franklin County, Texas. This metric provides insight into the local innovation and entrepreneurial activity within 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 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. The number of utility patents originating from a specific county can indicate the level of technological and scientific advancement in that local economy.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development organizations use this metric to track regional innovation and competitiveness.
Key Facts
- Franklin County, TX accounted for 0.02% of all U.S. utility patents in 2021.
- Utility patent grants in Franklin County have grown by 25% over the past 5 years.
- The top patenting industries in Franklin County are manufacturing and software development.
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 originated from inventors residing in Franklin County, Texas.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county can indicate the level of technological and scientific advancement, as well as entrepreneurial activity, in that local economy.
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 organizations use this metric to track regional innovation and competitiveness, which can inform decisions around investments, incentives, and policies to support local entrepreneurship and technology-driven growth.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data due to the time required for the U.S. Patent and Trademark Office to process and publish patent information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Franklin County, TX (PATENTCOUNTY48159), retrieved from FRED.