U.S. Granted Utility Patents Originating in Bennington County, VT
This dataset tracks u.s. granted utility patents originating in bennington county, vt over time.
Latest Value
10.00
Year-over-Year Change
11.11%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Bennington County, VT' trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originated from inventors located in Bennington County, Vermont.
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 serves as an indicator of innovation and technological activity within Bennington County. Utility patents represent new, useful, and non-obvious inventions that have commercial applications, so the patent count reflects the region's capacity for research, development, and commercialization.
Methodology
The data is collected directly from U.S. patent records.
Historical Context
Policymakers and economic development agencies use this metric to benchmark Bennington County's competitiveness and identify opportunities to support innovation.
Key Facts
- Bennington County averaged 36 utility patents per year from 2010-2020.
- Patent volume peaked at 49 in 2018.
- The county's patent count accounts for less than 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating from inventors located in Bennington County, Vermont. Utility patents represent new, useful, and non-obvious inventions.
Q: Why is this trend relevant for users or analysts?
A: The patent count serves as an indicator of the region's innovation and technological activity, which is useful for assessing its economic competitiveness and development potential.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark Bennington County's innovation capacity and identify opportunities to support research, development, and commercialization.
Q: Are there update delays or limitations?
A: There may be lags in reporting new patent grants, as the data is based on the date the patent was issued rather than the filing date.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bennington County, VT (PATENTCOUNTY50003), retrieved from FRED.