U.S. Granted Utility Patents Originating in Washtenaw County, MI
PATENTCOUNTY26161 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
785.00
Year-over-Year Change
105.50%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Washtenaw County, MI' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Washtenaw County, Michigan. This data provides insight into the local innovation 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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. This metric offers a window into the innovative capacity and technological leadership of Washtenaw County, an area known for its concentration of research institutions and technology companies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to evaluate the innovation ecosystem and inform strategies to support local technology and entrepreneurship.
Key Facts
- Washtenaw County, MI is home to the University of Michigan, a leading research institution.
- Patents originating in Washtenaw County peaked at over 1,500 in 2015.
- The county's patent activity accounts for a significant share of Michigan's total patents.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Washtenaw County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the local innovation and technological development in the Washtenaw County region, which is known for its concentration of research institutions and technology companies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to evaluate the innovation ecosystem and inform strategies to support local technology and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and any delays in the U.S. Patent and Trademark Office's publishing of patent information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Washtenaw County, MI (PATENTCOUNTY26161), retrieved from FRED.