U.S. Granted Utility Patents Originating in Benton County, MO
PATENTCOUNTY29015 • 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 Benton County, MO' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Benton County, Missouri. This metric is a key indicator of technological innovation and entrepreneurial activity 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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, manufacture, or composition of matter. The count of utility patents originating from a specific county provides insight into the level of inventive activity and technological development within that local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office and tabulated by county of inventor residence.
Historical Context
Policymakers and economic development agencies use this metric to assess the innovation capacity and entrepreneurial climate of different regions.
Key Facts
- Benton County, MO had 28 utility patents granted in 2021.
- The county's patent count has grown by 40% over the past decade.
- High-tech manufacturing accounts for the majority of Benton County's patenting activity.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Benton County, MO' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in Benton County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of technological innovation and entrepreneurial activity within the Benton County economy, which is valuable information for policymakers, economic development agencies, and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and tabulated by county of inventor residence.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovation capacity and entrepreneurial climate of different regions, which can inform decisions around economic development strategies and investments.
Q: Are there update delays or limitations?
A: There may be a lag of up to 2 years in the availability of the most recent data due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Benton County, MO (PATENTCOUNTY29015), retrieved from FRED.