U.S. Granted Utility Patents Originating in West Baton Rouge Parish, LA
PATENTCOUNTY22121 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in West Baton Rouge Parish, Louisiana. It provides insights into the innovative activity and technological development 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
The U.S. Granted Utility Patents Originating in West Baton Rouge Parish, LA tracks the total number of utility patents issued by the U.S. Patent and Trademark Office that list West Baton Rouge Parish as the origin. This data is used by economists and policymakers to analyze local innovation and economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the location information provided in utility patent applications.
Historical Context
This trend is relevant for understanding regional innovation and technological specialization, which can inform economic development strategies.
Key Facts
- West Baton Rouge Parish, LA had 136 utility patents in 2021.
- Utility patents account for the majority of all patents issued in the U.S.
- The top patent classes for West Baton Rouge Parish include Chemical and Mechanical Engineering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from West Baton Rouge Parish, Louisiana. Utility patents are a key indicator of innovative activity and technological development in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the local innovation ecosystem and can be used by economists, policymakers, and businesses to analyze regional competitiveness and inform economic development strategies.
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 information provided in utility patent applications.
Q: How is this trend used in economic policy?
A: This trend can inform policies and programs aimed at fostering innovation, supporting local businesses, and attracting investment to West Baton Rouge Parish.
Q: Are there update delays or limitations?
A: There may be a delay of several months between when patents are issued and when the data is made available through FRED.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in West Baton Rouge Parish, LA (PATENTCOUNTY22121), retrieved from FRED.