U.S. Granted Utility Patents Originating in Hancock County, WV
PATENTCOUNTY54029 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hancock County, WV' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Hancock County, West 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 are a key indicator of innovative activity and technological progress in a region. This data provides insights into the inventiveness and entrepreneurship of Hancock County's businesses and individuals.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the county of origin for each granted utility patent.
Historical Context
Policymakers and economic development organizations use this data to assess Hancock County's innovation ecosystem and competitiveness.
Key Facts
- Hancock County is home to over 30,000 residents.
- The county has seen an average of 15 utility patents granted per year since 2010.
- Manufacturing and engineering are key industries in Hancock 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 that originate from Hancock County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress in a region, making this data relevant for understanding Hancock County's entrepreneurship 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 county of origin for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess Hancock County's innovation ecosystem and competitiveness, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to a lag as patents are processed and recorded by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hancock County, WV (PATENTCOUNTY54029), retrieved from FRED.