U.S. Granted Utility Patents Originating in St. Clair County, MI
PATENTCOUNTY26147 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
5.41%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in St. Clair County, MI' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors residing in St. Clair County, Michigan. This metric is useful for assessing regional innovation and technological activity.
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 tracks the number of utility patents granted to inventors from St. Clair County, Michigan. Utility patents protect new and useful inventions, and this data can provide insights into the innovative capacity and technological prowess of the local economy.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development agencies monitor this trend to gauge the inventive output and technology-driven growth of the region.
Key Facts
- St. Clair County had 302 utility patents granted in 2021.
- Patent output has grown by 15% in the county over the past 5 years.
- The top technology areas for St. Clair County patents are automotive and medical devices.
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 inventors residing in St. Clair County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and technological activity of the St. Clair County regional economy, which is useful for policymakers, economic development agencies, and analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies monitor this trend to gauge the inventive output and technology-driven growth of the St. Clair County region.
Q: Are there update delays or limitations?
A: The data is published with a several-month delay by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in St. Clair County, MI (PATENTCOUNTY26147), retrieved from FRED.