U.S. Granted Utility Patents Originating in Gaines County, TX

PATENTCOUNTY48165 • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1.00

Year-over-Year Change

N/A%

Date Range

1/1/2000 - 1/1/2015

Summary

The 'U.S. Granted Utility Patents Originating in Gaines County, TX' measures the number of utility patents issued by the U.S. Patent and Trademark Office that have an inventor address in Gaines County, Texas. This metric provides insight into the innovative activity and technological development within a specific county.

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 series tracks the total number of utility patents granted by the USPTO with at least one inventor residing in Gaines County, Texas. Utility patents protect the functional aspects of inventions and are a key indicator of local innovation and research and development activity.

Methodology

The data is collected by the USPTO based on the inventor address information provided in patent applications.

Historical Context

This metric is used by policymakers, economists, and local officials to monitor trends in technological innovation and entrepreneurship within a specific geographic region.

Key Facts

  • Gaines County, TX is a rural county in western Texas.
  • Patent activity can indicate the economic health and competitiveness of a local area.
  • Utility patents protect functional inventions, as opposed to design or plant patents.

FAQs

Q: What does this economic trend measure?

A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office (USPTO) that have at least one inventor with a residential address in Gaines County, Texas.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insight into the level of innovative activity and technological development within Gaines County, which can be an important indicator of the region's economic competitiveness and growth potential.

Q: How is this data collected or calculated?

A: The data is collected directly from the USPTO based on the inventor address information provided in patent applications.

Q: How is this trend used in economic policy?

A: Policymakers, economic development agencies, and local officials may use this data to track innovation and entrepreneurship, evaluate the effectiveness of R&D incentives, and inform decisions about investment and workforce development.

Q: Are there update delays or limitations?

A: There may be delays in reporting due to the time required for patent applications to be processed and granted by the USPTO.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Gaines County, TX (PATENTCOUNTY48165), retrieved from FRED.