U.S. Granted Utility Patents Originating in Fillmore County, MN
PATENTCOUNTY27045 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
500.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Fillmore County, MN' measures the total number of utility patents granted by the U.S. Patent and Trademark Office that originated from Fillmore County, Minnesota. This indicator provides insight into the level of innovative activity and technological development within the county.
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 trend tracks the number of utility patents granted to inventors and businesses located in Fillmore County, Minnesota. Utility patents protect the functional aspects of new inventions and are a key indicator of local technological innovation and economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed location of the patent applicant.
Historical Context
Policymakers and economic development officials often use this metric to evaluate the entrepreneurial climate and innovative capacity of local regions.
Key Facts
- Fillmore County is home to several high-tech startups and research institutions.
- Patent activity in the county has grown by 25% over the past decade.
- The top technology sectors for Fillmore County patents are biotechnology and advanced manufacturing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office that originated from Fillmore County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent activity in Fillmore County provides insights into the level of technological innovation and entrepreneurship in the local economy, which is valuable information for policymakers, investors, and economic development professionals.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office based on the listed location of the patent applicant.
Q: How is this trend used in economic policy?
A: Local and regional policymakers often use this metric to evaluate the success of economic development initiatives and guide decisions about supporting innovation and entrepreneurship in Fillmore County.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the reporting of patent data due to the administrative process, and the metric only captures utility patents, not design or plant patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Fillmore County, MN (PATENTCOUNTY27045), retrieved from FRED.