U.S. Granted Utility Patents Originating in Racine, WI (MSA)
PATENTCBSA139540 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.00
Year-over-Year Change
1.04%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in the Racine, WI metropolitan statistical area (MSA). It provides insights into the region's innovation and technological advancements.
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 Racine, WI (MSA) metric tracks the number of utility patents awarded to inventors and organizations based in the Racine, WI MSA. This data offers a proxy for the region's level of technological innovation and inventiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists and policymakers to assess the innovative capacity and entrepreneurial activity within the Racine, WI metropolitan area.
Key Facts
- Racine, WI is home to several major manufacturing companies.
- Patent activity is a key indicator of technological progress.
- The Racine MSA accounts for a small but significant share of U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Racine, WI metropolitan statistical area. Utility patents protect new and useful inventions or improvements.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a proxy for its innovative capacity and technological advancement. This data is valuable for economists and policymakers analyzing regional economic development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, which tracks the geographic origin of all granted utility patents.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the innovative potential and entrepreneurial activity within the Racine, WI metropolitan area, which can inform regional economic development strategies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between when patents are granted and when the data is published. Additionally, the metric only captures utility patents and does not include other types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Racine, WI (MSA) (PATENTCBSA139540), retrieved from FRED.