U.S. Granted Utility Patents Originating in Presque Isle County, MI
PATENTCOUNTY26141 • 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 Presque Isle County, MI' trend measures the number of utility patents granted to inventors based in Presque Isle County, Michigan. This indicator provides insight into regional innovation and economic 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 economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Presque Isle County, Michigan. Utility patents are a key measure of technological innovation, as they protect new and useful inventions, processes, or improvements.
Methodology
The data is collected from official U.S. patent records.
Historical Context
Monitoring patent activity in specific regions is valuable for policymakers, investors, and economic development agencies.
Key Facts
- Presque Isle County, MI had 17 utility patents granted in 2021.
- Patent activity in the county has increased by 25% over the past 5 years.
- The majority of patents originated from the manufacturing and technology sectors.
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 that originated from Presque Isle County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Tracking regional patent activity provides insights into local innovation and technological development, which can inform economic policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from official U.S. patent records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this data to monitor innovation and target support for promising industries and regions.
Q: Are there update delays or limitations?
A: The data is updated regularly but may have a delay of several months due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Presque Isle County, MI (PATENTCOUNTY26141), retrieved from FRED.