U.S. Granted Utility Patents Originating in Marion County, IN
PATENTCOUNTY18097 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.00
Year-over-Year Change
-8.47%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Marion County, IN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Marion County, Indiana.
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 protect new and useful inventions, processes, machines, and compositions of matter. This trend provides insight into the innovative activity and technological development in Marion County, a key industrial center in the U.S. Midwest.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported at the county level.
Historical Context
Policymakers and economic development agencies use this data to evaluate the innovation ecosystem and competitiveness of local regions.
Key Facts
- Marion County, IN accounts for over 1% of total U.S. utility patents.
- Patent activity in Marion County grew by 25% over the past decade.
- Indianapolis, the county seat, is a major hub for life sciences and advanced manufacturing.
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 originate from inventors located in Marion County, Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the innovative and technological development activity in Marion County, a key industrial center in the Midwest. It is used by policymakers and economic development agencies to evaluate the competitiveness of the local innovation ecosystem.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and reported at the county level.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to assess the innovation capacity and technological competitiveness of Marion County, informing strategies to attract investment, support startups, and foster a thriving innovation ecosystem.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months as the USPTO processes patent applications. Additionally, the county-level granularity may not capture all relevant innovation activity outside of the primary county of origin.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Marion County, IN (PATENTCOUNTY18097), retrieved from FRED.