U.S. Granted Utility Patents Originating in Medina County, TX
PATENTCOUNTY48325 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Medina County, TX' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors based in Medina County, Texas.
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 intellectual property development occurring in Medina County, Texas. Utility patents reflect technological breakthroughs that have commercial applications and can signal regional economic growth and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed inventor addresses on granted utility patent filings.
Historical Context
Policymakers and regional economic development organizations use this data to assess the innovation capacity and commercialization potential of Medina County, Texas.
Key Facts
- Medina County, TX had 56 utility patents granted in 2021.
- The county's patent volume has grown by 25% over the past 5 years.
- Medina County accounts for 0.2% of total U.S. utility patents
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Medina County, Texas. Utility patents reflect innovative breakthroughs with commercial applications.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents granted in a region is a key indicator of technological innovation and economic competitiveness. This data provides insights into the invention and commercialization activities happening in Medina County, Texas.
Q: How is this data collected or calculated?
A: The U.S. Patent and Trademark Office compiles this data based on the listed inventor addresses on granted utility patent filings.
Q: How is this trend used in economic policy?
A: Policymakers and regional economic development organizations use this data to assess the innovation capacity and commercialization potential of Medina County, Texas, which can inform economic strategy and investment decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data as it takes time for the USPTO to process and publish patent filings.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Medina County, TX (PATENTCOUNTY48325), retrieved from FRED.