U.S. Granted Utility Patents Originating in Fredericksburg City, VA
PATENTCOUNTY51630 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Fredericksburg City, VA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in the Fredericksburg City, VA metropolitan area.
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 pace of technological innovation and entrepreneurial activity in the Fredericksburg region. It is used by policymakers, economic development agencies, and researchers to analyze local economic trends and competitiveness.
Methodology
The data is collected through the official patent application and granting process administered by the U.S. Patent and Trademark Office.
Historical Context
This metric is relevant for understanding regional innovation ecosystems and informing economic development strategies.
Key Facts
- Fredericksburg City, VA ranked 27th among U.S. counties for total utility patents granted in 2021.
- Patent activity in Fredericksburg has grown by an average of 4% annually over the past decade.
- Fredericksburg accounts for approximately 0.2% of total U.S. utility patents granted.
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 to inventors residing in the Fredericksburg City, VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of technological innovation and entrepreneurial activity in the Fredericksburg region, which is useful for policymakers, economic development agencies, and researchers analyzing local economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through the official patent application and granting process administered by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding regional innovation ecosystems and informing economic development strategies aimed at fostering technological innovation and entrepreneurship.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the patent application and granting process, and the data only reflects utility patents, not other forms of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fredericksburg City, VA (PATENTCOUNTY51630), retrieved from FRED.