U.S. Granted Utility Patents Originating in Lincoln County, WV
PATENTCOUNTY54043 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lincoln County, WV' data series tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office for inventions originating in Lincoln County, West Virginia. This metric provides insight into 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 granted for new, useful, and non-obvious inventions. Tracking patent counts in a specific county can indicate the level of innovative activity and technological progress in that local area. Policy analysts and economic development officials use this data to assess a region's competitiveness and identify potential growth opportunities.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic origin of patent applications.
Historical Context
This metric is used by policymakers and regional planners to support economic development initiatives and investments in research and innovation.
Key Facts
- Lincoln County, WV granted an average of 3 utility patents per year from 2010-2020.
- The highest number of utility patents originated in Lincoln County in 2015 with 7 grants.
- Utility patent grants in Lincoln County represent less than 0.01% of the national total.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Lincoln County, WV' data series tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office for inventions originating in Lincoln County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent counts in a specific county can indicate the level of innovative activity and technological progress in that local area, which is useful for policy analysts and economic development officials assessing a region's competitiveness and growth opportunities.
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 origin of patent applications.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and regional planners to support economic development initiatives and investments in research and innovation.
Q: Are there update delays or limitations?
A: The data may have a lag of several months to a year in availability due to the patent application and review process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lincoln County, WV (PATENTCOUNTY54043), retrieved from FRED.