U.S. Granted Utility Patents Originating in Clay County, IL
PATENTCOUNTY17025 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Clay County, IL' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Clay County, Illinois. This metric is an important indicator of local innovation and technological progress.
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 are a type of patent granted for new and useful inventions, as opposed to design or plant patents. The number of utility patents originating in a specific county provides insight into the level of innovative activity and intellectual property generation in that local area.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's patent grant records.
Historical Context
Patent data is closely monitored by policymakers, economists, and business analysts to assess regional competitiveness and development.
Key Facts
- Clay County, IL is home to approximately 13,500 residents.
- In 2021, 24 utility patents were granted to inventors in Clay County.
- Patents are a key driver of economic growth and technological progress.
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 located in Clay County, Illinois.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a specific county provides insight into the level of innovative activity and intellectual property generation in that local area, which is an important indicator of regional economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent grant records.
Q: How is this trend used in economic policy?
A: Patent data is closely monitored by policymakers, economists, and business analysts to assess regional competitiveness and development, and to inform decisions around innovation incentives and economic development initiatives.
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.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Clay County, IL (PATENTCOUNTY17025), retrieved from FRED.