U.S. Granted Utility Patents Originating in Utah County, UT
PATENTCOUNTY49049 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
396.00
Year-over-Year Change
221.95%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Utah County, UT' series tracks the number of utility patents granted to inventors and businesses based in Utah County, a major technology hub in the state of Utah.
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 economic indicator provides insight into the innovation and intellectual property activity within a specific geographic region. The data is useful for understanding regional technology trends and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and represents the count of utility patents granted to applicants listing a Utah County, UT address.
Historical Context
Policy makers and industry analysts use this metric to evaluate the entrepreneurial and innovative capacity of local economies.
Key Facts
- Utah County ranks among the top U.S. regions for utility patent grants.
- The region's patent activity has grown significantly over the past decade.
- Technology companies and research institutions drive much of the patenting in Utah County.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted to inventors and businesses based in Utah County, UT, a leading technology hub.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of regional innovation and technological competitiveness, making this metric useful for understanding local economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and represents the count of utility patents granted to applicants listing a Utah County, UT address.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development agencies monitor this indicator to assess the entrepreneurial capacity and innovative strength of the local economy.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of granted patents, as the data is dependent on the application and review process of the U.S. Patent and Trademark Office.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Detroit-Warren-Livonia, MI (MSA)
PATENTCBSA119820
U.S. Granted Patents: Design Patents Originating in an Unspecified U.S. Region
PATENTUSNONDESIGN
U.S. Granted Utility Patents Originating in Gaines County, TX
PATENTCOUNTY48165
U.S. Granted Utility Patents Originating in Lake County, IN
PATENTCOUNTY18089
U.S. Granted Patents: Design Patents Originating in Saudi Arabia
PATENT4NSADESIGN
U.S. Granted Utility Patents Originating in Fargo, ND-MN (MSA)
PATENTCBSA122020
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Utah County, UT (PATENTCOUNTY49049), retrieved from FRED.