U.S. Granted Utility Patents Originating in Hanover County, VA
PATENTCOUNTY51085 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
92.86%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hanover County, VA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in Hanover 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
This metric provides insight into the innovative and entrepreneurial activity within Hanover County, a key indicator of the area's economic competitiveness and potential for growth. Utility patents represent new, non-obvious, and useful inventions, so this data is closely monitored by policymakers and economists.
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 local and regional economic development strategies and attract investment.
Key Facts
- Hanover County, VA is located in the Richmond metropolitan area.
- The county has a population of over 100,000 as of the latest census.
- Technology and manufacturing are key industries in Hanover County.
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 to inventors residing in Hanover County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovative and entrepreneurial activity within a region, providing insight into its economic competitiveness and growth potential.
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 local and regional economic development strategies and attract investment to Hanover County and the surrounding area.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the patent application and granting process, which can result in some publication delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hanover County, VA (PATENTCOUNTY51085), retrieved from FRED.