U.S. Granted Utility Patents Originating in Williamsburg City, VA
PATENTCOUNTY51830 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-30.77%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Williamsburg City, VA' trend measures the number of utility patents granted to inventors located in Williamsburg, Virginia. This provides insight into the area's innovative activity 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 a type of patent granted for new and useful inventions. This series tracks the number of utility patents originating from Williamsburg, Virginia, a region known for its academic and technological institutions. The data can be used to analyze regional innovation patterns and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations often use this data to assess a region's innovation ecosystem and competitiveness.
Key Facts
- Williamsburg is home to several prominent universities and research institutions.
- The region has seen growth in technology and life sciences sectors in recent decades.
- Patent activity is a key indicator of regional competitiveness and economic dynamism.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors located in Williamsburg City, Virginia. Utility patents are a type of patent granted for new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the innovative activity and technological development of the Williamsburg region, which is home to prominent academic and research institutions. It can be used to analyze regional competitiveness and economic dynamism.
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 and economic development organizations often use this data to assess a region's innovation ecosystem and competitiveness, which can inform decisions around investment, infrastructure, and talent attraction.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process and publish patent data. The data is limited to utility patents originating from Williamsburg City and does not capture all innovative activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Williamsburg City, VA (PATENTCOUNTY51830), retrieved from FRED.