U.S. Granted Utility Patents Originating in Benton County, IA
PATENTCOUNTY19011 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
350.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in Benton County, Iowa. It provides insight into innovation and technological development at the county level.
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 Benton County, IA metric measures the volume of successful patent applications for new inventions from this specific geographic area. It is a key indicator of local innovation, R&D activity, and technological competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and based on the location of the patent applicant.
Historical Context
Economists and policymakers monitor this trend to assess regional innovation and guide economic development strategies.
Key Facts
- Benton County is home to major research institutions.
- Patent volume reflects technical workforce skills.
- Trend has implications for regional competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating from Benton County, Iowa. It provides a gauge of local innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: The patent volume in a region reflects its capacity for innovation, R&D, and technical workforce capabilities, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the location of the patent applicant.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess regional innovation and guide economic development strategies, infrastructure investments, and workforce policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to patent application processing times, and the metric only captures successful utility patent grants, not all R&D activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Benton County, IA (PATENTCOUNTY19011), retrieved from FRED.