U.S. Granted Utility Patents Originating in McLean County, KY
PATENTCOUNTY21149 • 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 McLean County, KY' series tracks the number of utility patents granted to inventors and innovators from McLean County, Kentucky. This metric is an important indicator of technological and entrepreneurial activity in the region.
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 measures the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by residents of McLean County, Kentucky. Utility patents protect new and useful inventions, and serve as a proxy for innovation and technological development at the county level.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to assess the innovative capacity and technological competitiveness of local communities.
Key Facts
- Utility patents protect new and useful inventions.
- McLean County, KY is a rural county in western Kentucky.
- Patent activity is an indicator of technological competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and innovators located in McLean County, Kentucky by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Utility patent grants are an important indicator of technological and entrepreneurial activity in a local economy, which is relevant for policymakers, economic development agencies, and researchers analyzing regional innovation.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovative capacity and technological competitiveness of McLean County, Kentucky compared to other regions.
Q: Are there update delays or limitations?
A: There may be some delay in reporting the most recent patent grants, as the data is collected and published by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in McLean County, KY (PATENTCOUNTY21149), retrieved from FRED.