U.S. Granted Utility Patents Originating in Carver County, MN
PATENTCOUNTY27019 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.00
Year-over-Year Change
98.31%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Carver County, MN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Carver 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 innovation and technological progress occurring within Carver County, a region known for its strong manufacturing and engineering sectors. Tracking patent grants helps economists and policymakers assess local competitiveness and identify potential areas for economic development.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to evaluate the entrepreneurial activity and technological capabilities of Carver County relative to other regions.
Key Facts
- Carver County is home to several major manufacturing and engineering firms.
- Patent grants help drive economic growth and job creation.
- The region has seen a steady increase in patent activity in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Carver County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity provides insights into the innovation and technological progress occurring within Carver County, which is important for assessing the region's economic competitiveness and identifying areas for potential development.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to evaluate the entrepreneurial activity and technological capabilities of Carver County relative to other regions, which can inform decisions about infrastructure investments, workforce development, and other initiatives.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the end of the reporting period. There may be some limitations in accurately attributing patents to specific geographic regions.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Carver County, MN (PATENTCOUNTY27019), retrieved from FRED.