U.S. Granted Utility Patents Originating in Roane County, WV
PATENTCOUNTY54087 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Roane County, WV' trend tracks the number of utility patents granted annually that originate from Roane County, West Virginia. This measure provides insights into the region's innovation 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
Utility patents, also known as 'patents for invention', protect new and useful processes, machines, articles of manufacture, or compositions of matter. The number of utility patents originating in a given county serves as an indicator of local technological and scientific advancement.
Methodology
The data is collected by the U.S. Patent and Trademark Office and includes all utility patents granted each year with a Roane County, WV address listed as the origin.
Historical Context
Policymakers and economic development organizations use this data to assess a region's innovative capacity and competitiveness.
Key Facts
- Roane County, WV had 7 utility patents granted in 2020.
- Patent activity in Roane County has increased by 25% over the past decade.
- The top technology fields for Roane County patents are engineering and manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted annually that originate from Roane County, West Virginia. Utility patents protect new and useful inventions, processes, or technologies.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a county is an important indicator of local technological and scientific innovation. This data is used by policymakers and economic development organizations to assess a region's competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and includes all utility patents granted each year with a Roane County, WV address listed as the origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to evaluate a region's innovative capacity, identify areas of technological strength, and inform strategies to promote economic growth and competitiveness.
Q: Are there update delays or limitations?
A: There may be a 1-2 year delay in the availability of the most recent data, as it takes time for the U.S. Patent and Trademark Office to process and publish the information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Roane County, WV (PATENTCOUNTY54087), retrieved from FRED.