U.S. Granted Utility Patents Originating in Big Stone County, MN
This dataset tracks u.s. granted utility patents originating in big stone county, mn over time.
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 Big Stone County, MN' trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office to inventors located in Big Stone County, Minnesota.
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 indicator provides insight into the level of innovative activity and technological development occurring within Big Stone County. Utility patents represent new, useful, and non-obvious inventions, serving as a proxy for the county's capacity for innovation.
Methodology
The data is collected directly from the U.S. Patent and Trademark Office's patent records.
Historical Context
Policymakers and economic development organizations use this metric to assess the county's competitiveness and potential for growth in high-tech industries.
Key Facts
- Big Stone County, MN is home to over 5,000 residents.
- The county's largest industry is agriculture, including crop and livestock production.
- Utility patent grants have fluctuated between 10-20 per year over the past decade.
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 to inventors located in Big Stone County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patent grants are a key indicator of innovative activity and technological development within a geographic region, providing insights into the county's economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected directly from the records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the county's capacity for innovation and to inform strategies for attracting and supporting high-tech industries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the U.S. Patent and Trademark Office, which may result in some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Big Stone County, MN (PATENTCOUNTY27011), retrieved from FRED.