U.S. Granted Utility Patents Originating in Edwards County, IL
PATENTCOUNTY17047 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Edwards County, IL' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or organizations based in Edwards County, Illinois.
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 key indicator of innovative activity and technological advancement within a specific geographic region. This series provides insights into the rate of patent generation in Edwards County, which can inform economic and policy decisions related to research, development, and commercialization of new technologies.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the reported location of the inventor or assignee listed on granted utility patent applications.
Historical Context
Policymakers and economic development organizations use this data to assess the innovative capacity and competitiveness of local regions.
Key Facts
- Edwards County, IL is a rural county in southern Illinois.
- The number of utility patents originating in Edwards County has grown by 25% over the past decade.
- Manufacturing and agriculture are key industries in Edwards County.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or organizations based in Edwards County, Illinois.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovative activity and technological advancement within a specific geographic region, which can inform economic and policy decisions related to research, development, and commercialization of new technologies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the reported location of the inventor or assignee listed on granted utility patent applications.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the innovative capacity and competitiveness of local regions, which can inform decisions about investments in research, education, and infrastructure.
Q: Are there update delays or limitations?
A: There may be delays of several months between the time a patent is granted and when it is reflected in the published data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Edwards County, IL (PATENTCOUNTY17047), retrieved from FRED.