U.S. Granted Utility Patents Originating in Shiawassee County, MI
PATENTCOUNTY26155 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
42.86%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Shiawassee County, Michigan. It provides insight into local innovation and entrepreneurial 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
The U.S. Granted Utility Patents Originating in Shiawassee County, MI series measures the number of utility patents issued to inventors and businesses based in Shiawassee County. This data is used by economists and policymakers to analyze regional innovation and small business development.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Trends in local patent activity are often used to inform economic development policies and support programs for entrepreneurs.
Key Facts
- Shiawassee County is home to over 68,000 residents.
- Patents are a key indicator of local innovation.
- The U.S. grants over 300,000 utility patents annually.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Shiawassee County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Trends in local patent activity provide insight into regional innovation and entrepreneurial dynamism, which are important factors for economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use local patent data to inform policies and programs that support innovation and small business growth.
Q: Are there update delays or limitations?
A: There may be delays in reporting as the patent data is collected and processed by the government.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Shiawassee County, MI (PATENTCOUNTY26155), retrieved from FRED.