U.S. Granted Utility Patents Originating in Albemarle County, VA
PATENTCOUNTY51003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
60.61%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Albemarle County, VA' measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Albemarle County, Virginia.
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 protect new and useful inventions, processes, machines, and compositions of matter. This metric provides insight into the innovative activity and technological development within a specific geographic region, which is useful for economic analysis and policy decisions.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Trends in utility patents can inform policy discussions around research and development, technology transfer, and regional economic competitiveness.
Key Facts
- Albemarle County, VA is home to the University of Virginia, a major research institution.
- The county has a high concentration of technology and engineering firms.
- Utility patent grants are a leading indicator of future economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Albemarle County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patent grants provide insight into the innovative activity and technological development within a specific geographic region, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Trends in utility patents can inform policy discussions around research and development, technology transfer, and regional economic competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the typical delays associated with the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Albemarle County, VA (PATENTCOUNTY51003), retrieved from FRED.