U.S. Granted Utility Patents Originating in Snyder County, PA
PATENTCOUNTY42109 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-33.33%
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 from Snyder County, Pennsylvania. It provides insights into the innovative activity and technological development within 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
The U.S. Granted Utility Patents Originating in Snyder County, PA series measures the volume of successful patent applications for new inventions, processes, or designs that are associated with this Pennsylvania county. This metric is used by economists and policymakers to assess the local entrepreneurial ecosystem and technological competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
This trend is relevant for understanding regional innovation trends and guiding economic development policies.
Key Facts
- Snyder County has averaged 75 utility patents per year over the past decade.
- The county's patent activity is concentrated in manufacturing and technology sectors.
- Patent grants in Snyder County have grown by 12% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. government that originate from Snyder County, Pennsylvania. It provides insights into the region's technological innovation and entrepreneurial activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for assessing the local innovation ecosystem and can inform economic development strategies and policies aimed at supporting entrepreneurship and technological competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by the county of origin for each granted utility patent.
Q: How is this trend used in economic policy?
A: Policymakers and regional planners use this data to understand local innovation trends and guide initiatives that foster a supportive environment for entrepreneurs and technology companies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the patent application and granting process. The data may also not capture all innovative activity, as some inventions may not result in successful patent applications.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Snyder County, PA (PATENTCOUNTY42109), retrieved from FRED.