U.S. Granted Utility Patents Originating in Tarrant County, TX
PATENTCOUNTY48439 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
474.00
Year-over-Year Change
77.53%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tarrant County, TX' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Tarrant County, Texas. This metric is an important indicator of innovation and technological 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 key type of intellectual property protection in the United States, granting inventors exclusive rights to their novel and useful inventions. Tracking the volume of patents originating from a specific county provides insights into the local entrepreneurial ecosystem and technological capabilities.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed residence of each patent applicant.
Historical Context
Patent data is widely used by economists, policymakers, and market analysts to assess regional innovation trends and competitiveness.
Key Facts
- Tarrant County is home to major tech hubs like Fort Worth and Arlington.
- Patent volumes can signal a region's R&D investment and technological capabilities.
- The data is released monthly with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Tarrant County, TX' metric tracks the number of utility patents granted by the USPTO to inventors residing in Tarrant County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into local innovation, entrepreneurship, and technological capabilities, which are important factors for regional economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office based on the listed residence of each patent applicant.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies often use patent data to assess a region's innovation capacity and guide investments in research, education, and infrastructure.
Q: Are there update delays or limitations?
A: The data is released monthly but has a 1-2 month lag due to patent application processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tarrant County, TX (PATENTCOUNTY48439), retrieved from FRED.