U.S. Granted Utility Patents Originating in Lafayette County, MO
PATENTCOUNTY29107 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
300.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Lafayette County, MO' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors and organizations based in Lafayette County, Missouri.
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 economic indicator provides insight into the innovative activity and technological development occurring within a specific county. It is used by policymakers, economic development agencies, and researchers to assess regional competitiveness and the commercialization of new technologies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This patent trend is relevant for understanding the entrepreneurial ecosystem and research capacity of Lafayette County and the surrounding region.
Key Facts
- Lafayette County is home to the University of Missouri Extension.
- In 2021, 25 utility patents were granted to inventors in Lafayette County.
- The county's patent volume has grown by 10% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors and organizations based in Lafayette County, Missouri.
Q: Why is this trend relevant for users or analysts?
A: This patent trend provides insight into the innovative capacity and technological development within Lafayette County, which is useful for policymakers, economic development agencies, and researchers assessing regional competitiveness.
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: This patent trend is relevant for understanding the entrepreneurial ecosystem and research capacity of Lafayette County and the surrounding region, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of each reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Lafayette County, MO (PATENTCOUNTY29107), retrieved from FRED.