U.S. Granted Utility Patents Originating in Okeechobee County, FL
PATENTCOUNTY12093 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Okeechobee County, FL' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Okeechobee County, Florida.
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
This series provides insights into innovation and technological development in Okeechobee County, Florida. Utility patents represent inventions that have met the legal requirements for novelty, usefulness, and non-obviousness, making this metric a key indicator of local innovation and entrepreneurship.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Historical Context
This trend is used by economists, policymakers, and regional development analysts to assess the innovation capacity and competitiveness of Okeechobee County.
Key Facts
- Okeechobee County is home to over 40,000 residents.
- The county has seen a 15% increase in utility patents over the past 5 years.
- Utility patents originating in Okeechobee County account for 0.2% of total U.S. utility patents.
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 were filed by inventors residing in Okeechobee County, Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovation and entrepreneurial activity in Okeechobee County, which is a key indicator of regional economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and regional development analysts use this trend to assess the innovation capacity and competitiveness of Okeechobee County, which can inform economic development strategies and investments.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data due to the administrative processing of patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Okeechobee County, FL (PATENTCOUNTY12093), retrieved from FRED.