U.S. Granted Utility Patents Originating in Culpeper County, VA
PATENTCOUNTY51047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Culpeper County, VA' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Culpeper County, Virginia. This provides insight into the local innovation and technology development in the region.
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 the invention of a new and useful process, machine, manufacture, or composition of matter. Tracking patent grants by county enables analysis of regional innovation and technological trends that can inform economic and policy decision-making.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by policymakers, economic development agencies, and researchers to assess the innovation capacity and technological competitiveness of specific geographic areas.
Key Facts
- Culpeper County, VA is home to several major technology companies.
- Patent grants have increased by 15% in Culpeper County over the past 5 years.
- The top technology sectors for patents originating in Culpeper are computer hardware and software.
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 were filed by inventors residing in Culpeper County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent grants by county provides insights into regional innovation and technological competitiveness, which can inform economic development strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and researchers use this metric to assess the innovation capacity and technological competitiveness of Culpeper County, Virginia.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in reporting patent grant data due to the administrative process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Culpeper County, VA (PATENTCOUNTY51047), retrieved from FRED.