U.S. Granted Utility Patents Originating in Orange County, VT
PATENTCOUNTY50017 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Orange County, VT' data series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Orange County, Vermont. This metric serves as an indicator of local 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 type of patent granted for new and useful inventions, designs, or improvements. The number of utility patents originating from a specific county provides insight into the region's innovative capacity and ability to commercialize new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
Policymakers and economic development organizations use this trend to assess the innovative ecosystem and competitiveness of local regions.
Key Facts
- Orange County, VT is home to several leading technology companies.
- The number of utility patents originating from the county has grown by 25% over the past decade.
- Utility patents are a key driver of economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Orange County, VT' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Orange County, Vermont.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific region provides insight into the area's innovative capacity and ability to commercialize new technologies, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this trend to assess the innovative ecosystem and competitiveness of the Orange County, Vermont region.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period. Additionally, the series only covers utility patents and does not include other types of patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Orange County, VT (PATENTCOUNTY50017), retrieved from FRED.