U.S. Granted Utility Patents Originating in Medford, OR (MSA)
PATENTCBSA132780 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
363.64%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted to inventors and organizations originating in the Medford, OR metropolitan statistical area (MSA). It serves as a key measure of regional innovation and technological advancement.
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
The U.S. Granted Utility Patents Originating in Medford, OR (MSA) metric provides insights into the local innovation ecosystem and can signal economic vitality and competitiveness. Policymakers and analysts use this data to evaluate R&D, intellectual property, and technology trends.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This patent metric is widely used to assess regional economic performance and inform policy decisions.
Key Facts
- Medford, OR is a major center for technology and R&D in the Pacific Northwest.
- Utility patents represent new, non-obvious, and useful inventions.
- Patent trends can signal a region's competitiveness and economic prospects.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted to inventors and organizations originating in the Medford, OR metropolitan statistical area (MSA). It serves as a measure of regional innovation and technological advancement.
Q: Why is this trend relevant for users or analysts?
A: This patent metric provides insights into the local innovation ecosystem and can signal economic vitality and competitiveness. Policymakers and analysts use this data to evaluate R&D, intellectual property, and technology trends in the Medford, OR region.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: This patent metric is widely used to assess regional economic performance and inform policy decisions related to innovation, technology, and economic development.
Q: Are there update delays or limitations?
A: The USPTO releases this data on a regular schedule, but there may be a lag in reporting due to the administrative process of granting patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Medford, OR (MSA) (PATENTCBSA132780), retrieved from FRED.