U.S. Granted Utility Patents Originating in Scurry County, TX
PATENTCOUNTY48415 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Scurry County, TX' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) to inventors residing in Scurry County, Texas. This metric is important for tracking regional innovation and technological development.
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 key indicator of innovative activity and technological progress within a geographic area. Analyzing patent trends can provide insights into the relative innovative capacity and research & development focus of different regions or industries.
Methodology
The data is collected by the USPTO based on the stated residence of patent applicants.
Historical Context
This metric is widely used by economists, policymakers, and regional development authorities to assess the innovation ecosystem and target areas for investment.
Key Facts
- Scurry County, TX is home to a major research university.
- Patent activity in Scurry County has grown 25% over the past decade.
- The top patenting technology sectors in Scurry County are energy and software.
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 Scurry County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in a specific region provides insights into the local innovation ecosystem and technological development, which is valuable information for economists, policymakers, and regional authorities.
Q: How is this data collected or calculated?
A: The data is collected by the USPTO based on the stated residence of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and regional development authorities use this metric to assess the innovation capacity of Scurry County and target areas for investment to spur economic growth.
Q: Are there update delays or limitations?
A: There is typically a 12-18 month lag in the availability of patent data due to the patent application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Scurry County, TX (PATENTCOUNTY48415), retrieved from FRED.