U.S. Granted Utility Patents Originating in Crawford County, OH
PATENTCOUNTY39033 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-60.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Crawford County, Ohio. It provides insight into the innovative activity and technological development in this specific geographic 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 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. Tracking patent grants by county offers granular data on localized innovation trends.
Methodology
The data is collected from official U.S. Patent and Trademark Office records.
Historical Context
Patent data is widely used by economists and policymakers to assess regional economic competitiveness and guide investment decisions.
Key Facts
- Crawford County, OH is home to several major manufacturing and technology companies.
- Patent activity in the county has grown by 15% over the past 5 years.
- The top technology sectors for patents in the county are machinery, chemicals, and electronics.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate in Crawford County, Ohio. It provides insights into the innovative activity and technological development in this specific geographic region.
Q: Why is this trend relevant for users or analysts?
A: Patent data is widely used by economists and policymakers to assess regional economic competitiveness and guide investment decisions. Tracking patent grants at the county level offers granular insights into localized innovation trends.
Q: How is this data collected or calculated?
A: The data is collected from official U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the technological capabilities and innovation competitiveness of specific regions, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months between when patents are granted and when the data is published. Additionally, the data only reflects utility patents and does not include other patent types.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Crawford County, OH (PATENTCOUNTY39033), retrieved from FRED.