U.S. Granted Utility Patents Originating in Crow Wing County, MN
PATENTCOUNTY27035 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
600.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Crow Wing County, MN' tracks the number of utility patents granted to inventors residing in Crow Wing County, Minnesota. This metric provides insight into the local innovation and technological development in the region.
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
Utility patents represent inventions, new technologies, and innovations that meet certain legal criteria. Tracking patents originating from a specific county offers a window into the entrepreneurial and R&D activity in that local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations may use this data to assess the innovation capacity and competitiveness of a region.
Key Facts
- Crow Wing County is located in central Minnesota.
- Patents reflect new inventions, technologies, and solutions.
- Local patent activity can indicate economic and entrepreneurial dynamism.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in Crow Wing County, Minnesota. Utility patents represent new inventions, technologies, and innovations.
Q: Why is this trend relevant for users or analysts?
A: Tracking local patent activity provides insights into the entrepreneurial and R&D capacity of a regional economy, which is valuable for policymakers, economic development organizations, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations may use this data to assess the innovation capacity and competitiveness of a region, informing strategies to support entrepreneurship and technological advancement.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, as the process of granting patents can take time. Additionally, the data only reflects patents originating from Crow Wing County, MN, and does not capture innovation activity outside of this specific geographic area.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Crow Wing County, MN (PATENTCOUNTY27035), retrieved from FRED.