U.S. Granted Utility Patents Originating in Pittsfield, MA (MSA)
PATENTCBSA138340 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
71.43%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating in the Pittsfield, MA metropolitan statistical area (MSA). It provides insight into the region's innovative activity 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 Pittsfield, MA (MSA) series tracks the total number of utility patents issued to residents of the Pittsfield MSA. Utility patents are a key indicator of technological innovation and economic competitiveness within a geographic region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This metric is used by policymakers, economists, and businesses to assess the innovative capacity and entrepreneurial climate of the Pittsfield, MA region.
Key Facts
- Pittsfield, MA is home to several major technology and manufacturing companies.
- The Pittsfield MSA has seen steady growth in utility patent grants over the past decade.
- Patent activity is a key indicator of a region's R&D investment and technological competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted to inventors residing in the Pittsfield, MA metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted is a key indicator of technological innovation and economic competitiveness within a geographic region. This metric is used by policymakers, economists, and businesses to assess the innovative capacity of the Pittsfield area.
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 metric is used by policymakers, economists, and businesses to assess the innovative capacity and entrepreneurial climate of the Pittsfield, MA region, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of patent data, as it can take time for the USPTO to process and publish the information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pittsfield, MA (MSA) (PATENTCBSA138340), retrieved from FRED.