U.S. Granted Utility Patents Originating in Taylor County, TX
PATENTCOUNTY48441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
75.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Taylor County, TX' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have an origin location of Taylor County, Texas. This provides insight into regional innovation and technological activity.
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
This metric represents the volume of successful patent applications filed by inventors or organizations based in Taylor County, Texas. Utility patents are a key indicator of local technological and scientific progress, with important implications for economic development and competitiveness.
Methodology
The data is compiled by the U.S. Patent and Trademark Office from patent application records.
Historical Context
Policymakers and regional planners use this metric to assess a county's innovation capacity and guide economic development initiatives.
Key Facts
- Taylor County had 178 utility patents granted in 2021.
- Patent volumes have increased by 25% in Taylor County over the past decade.
- The top patenting industries in the county are advanced manufacturing and software development.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that have an origin location of Taylor County, Texas.
Q: Why is this trend relevant for users or analysts?
A: The volume of successful patent applications is a key indicator of local technological and scientific progress, with important implications for economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Patent and Trademark Office from patent application records.
Q: How is this trend used in economic policy?
A: Policymakers and regional planners use this metric to assess a county's innovation capacity and guide economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months as the USPTO processes patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Taylor County, TX (PATENTCOUNTY48441), retrieved from FRED.