U.S. Granted Utility Patents Originating in Montcalm County, MI
PATENTCOUNTY26117 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Montcalm County, MI' tracks the number of utility patents granted to inventors and organizations headquartered in Montcalm County, Michigan. This metric provides insight 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 are a type of intellectual property right granted to inventors for new and useful inventions. The number of utility patents originating in a given county reflects the level of innovative activity and technological capacity in that local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Policymakers and economic development analysts monitor patent trends to understand regional competitiveness and guide technology-focused initiatives.
Key Facts
- Montcalm County, MI is home to over 63,000 people.
- Patents originating in the county peaked at 58 in 2015.
- The county's patent output has declined since 2015.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Montcalm County, MI' metric tracks the number of utility patents granted to inventors and organizations headquartered in Montcalm County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a county reflects the level of innovative activity and technological capacity in that local economy, providing insight into regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Policymakers and economic development analysts monitor patent trends to understand regional competitiveness and guide technology-focused initiatives.
Q: Are there update delays or limitations?
A: The data may have a several-month delay in reporting, and only captures utility patents, not other forms of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Montcalm County, MI (PATENTCOUNTY26117), retrieved from FRED.