U.S. Granted Utility Patents Originating in Harford County, MD
PATENTCOUNTY24025 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.00
Year-over-Year Change
2.90%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Harford County, MD' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Harford County, Maryland. This metric provides insight into the region's innovative activity and technological development.
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, or machines. The 'U.S. Granted Utility Patents Originating in Harford County, MD' series is used by economists, policymakers, and researchers to assess the innovative capacity and technological progress of the Harford County region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric informs economic development strategies and helps identify regional hubs of innovation.
Key Facts
- Harford County, MD is home to over 250,000 residents.
- The region has a strong focus on aerospace, defense, and biotechnology industries.
- Patent activity is considered a key indicator of technological dynamism.
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 Harford County, Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological progress of the Harford County region, which is valuable for economic development strategies and identifying hubs of 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: This trend informs economic development policies and strategies by highlighting Harford County's strengths in innovation and technology-driven industries.
Q: Are there update delays or limitations?
A: There may be some delays in reporting due to the patent application and granting process, but the data is considered a reliable and timely indicator of regional innovative activity.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Harford County, MD (PATENTCOUNTY24025), retrieved from FRED.