U.S. Granted Utility Patents Originating in Fort Collins-Loveland, CO (MSA)
PATENTCBSA122660 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
392.00
Year-over-Year Change
-14.04%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate in the Fort Collins-Loveland, CO metropolitan statistical area (MSA). This metric is an important indicator of innovation and technological activity 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 granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The Fort Collins-Loveland, CO MSA is home to many high-tech companies and research institutions, making this a key indicator of the region's economic competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this trend to assess the innovative capacity and technological leadership of the Fort Collins-Loveland region.
Key Facts
- Fort Collins-Loveland, CO ranks among the top U.S. metropolitan areas for utility patents.
- Utility patents are a key driver of economic growth and competitiveness.
- The region's technology sector accounts for a significant share of local employment.
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 in the Fort Collins-Loveland, CO metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological activity in a region, making this trend important for understanding the economic competitiveness and growth potential of the Fort Collins-Loveland area.
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 use this trend to assess the innovative capacity and technological leadership of the Fort Collins-Loveland region, which informs decisions about investments, incentives, and other policies aimed at promoting economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to some delay in reporting, as it relies on the patent application and granting process. Additionally, the metric only captures utility patents and does not include other types of intellectual property protection.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fort Collins-Loveland, CO (MSA) (PATENTCBSA122660), retrieved from FRED.