U.S. Granted Utility Patents Originating in Hardy County, WV
PATENTCOUNTY54031 • 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 Hardy County, WV' series tracks the number of utility patents granted to inventors from Hardy County, West Virginia by the U.S. Patent and Trademark Office. This metric provides insight into the region's innovative activity and technological development.
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 measures the number of utility patents granted to inventors residing in Hardy County, West Virginia. Utility patents are a key indicator of technological innovation, signaling new inventions, designs, and improvements that are commercially viable. Monitoring patent activity in specific counties can help identify regional hubs of innovation.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Patent data is widely used by policymakers, researchers, and businesses to assess regional innovation and competitiveness.
Key Facts
- Hardy County, WV is home to over 14,000 residents.
- U.S. utility patents originating in Hardy County peaked at 31 in 2017.
- Patent activity in Hardy County has increased by 24% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of utility patents granted to inventors residing in Hardy County, West Virginia by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Patent data is a key indicator of technological innovation and regional competitiveness, making this metric relevant for policymakers, researchers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Patent data is widely used to assess regional innovation hubs and guide economic development initiatives.
Q: Are there update delays or limitations?
A: There may be some delay in reporting patent data at the county level due to the time required for application processing and geographic attribution.
Similar PATENTCOUNTY Trends
U.S. Granted Utility Patents Originating in Terre Haute, IN (MSA)
PATENTCBSA145460
U.S. Granted Patents: Reissue Patents Originating in the Democratic Republic of the Congo
PATENT4NCDREISSUE
U.S. Granted Patents: Utility Patents Originating in Malta
PATENT4NMTUTILITY
U.S. Granted Utility Patents Originating in Milwaukee-Waukesha-West Allis, WI (MSA)
PATENTCBSA133340
U.S. Granted Utility Patents Originating in Erie County, PA
PATENTCOUNTY42049
U.S. Granted Patents: Design Patents Originating in the Democratic Republic of the Congo
PATENT4NCDDESIGN
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hardy County, WV (PATENTCOUNTY54031), retrieved from FRED.