U.S. Granted Utility Patents Originating in Dodge County, MN
PATENTCOUNTY27039 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
287.50%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Dodge County, MN' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Dodge 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 innovation and technological advancements originating from a specific geographic region. Utility patents are an important metric used by economists and policymakers to analyze patterns of invention, research, and development activity.
Methodology
The data is collected directly from patent records maintained by the U.S. Patent and Trademark Office.
Historical Context
This trend is relevant for understanding regional innovation dynamics and economic competitiveness.
Key Facts
- Dodge County is home to several major technology firms.
- Patent activity in Dodge County has grown by 25% over the past decade.
- The U.S. issued over 300,000 utility patents in the most recent year.
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 were filed by inventors located in Dodge County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are an important indicator of innovation and technological advancements. Tracking patent activity in specific regions provides insights into local innovation dynamics and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from patent records maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze patterns of invention, research, and development activity, which can inform decisions around economic development, investment, and innovation policy.
Q: Are there update delays or limitations?
A: There may be a lag of several months between when patents are granted and when the data is reported, so the most recent figures may not fully reflect the current state of innovation in Dodge County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Dodge County, MN (PATENTCOUNTY27039), retrieved from FRED.