U.S. Granted Utility Patents Originating in Jacksonville, NC (MSA)
PATENTCBSA127340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
1000.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating from the Jacksonville, North Carolina metropolitan statistical area (MSA). Utility patents are a key indicator of innovation and technological development within a regional economy.
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 protect new and useful inventions or processes. Tracking patent activity provides insights into the pace of innovation and the commercial potential of new technologies emerging from a particular geographic area.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development analysts use this metric to assess the innovation capacity and competitiveness of local and regional economies.
Key Facts
- Jacksonville, NC was home to 104 utility patents in 2021.
- Patents originating in the Jacksonville MSA have grown by 25% over the past 5 years.
- The utility patent rate in Jacksonville is 50% higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted for inventions originating from the Jacksonville, North Carolina metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Utility patent data provides a valuable indicator of regional innovation and technological competitiveness, which are key drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovation capacity and competitiveness of local and regional economies, informing strategies to attract and retain technology-driven businesses.
Q: Are there update delays or limitations?
A: The patent data is published with a lag of several months, so the most recent figures may not fully reflect the current state of innovation in the Jacksonville MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Jacksonville, NC (MSA) (PATENTCBSA127340), retrieved from FRED.